Exceeded Revenue and Recurring Revenue Guidance
Teradata's Q3 revenue and recurring revenue were above the guidance range, with non-GAAP earnings per share of $0.72, exceeding expectations.
Total ARR Growth Ahead of Schedule
The company posted its second consecutive quarter of total ARR growth ahead of its initial target, with a 1% increase as reported.
Strong Free Cash Flow Performance
Q3 free cash flow was $88 million, a 28% increase year-over-year, leading to an adjusted full-year guidance of $260 million to $280 million.
AI and Knowledge Platform Leadership
Teradata was named a leader in the Forrester Wave Data Management for Analytics platforms, emphasizing its hybrid cloud capabilities.
Launch of AI Services
Teradata launched new AI services aimed at transforming AI pilots into production-ready solutions, expecting to complete over 150 AI engagements this year.