Cloud ARR Growth
Cloud ARR grew 18% year-over-year, reaching $609 million, which demonstrates Teradata's successful pivot to cloud-first strategy.
Strong Free Cash Flow
Fiscal year 2024 free cash flow was $277 million, representing a healthy 16% margin, with 78% returned to investors through share repurchases.
Partnerships and Innovation
New partnerships with Nvidia and major cloud service providers, along with innovations like the Enterprise Vector Store, position Teradata strongly in AI and GenAI markets.
Financial Services Team Success
The newly created Financial Services team is enabling pursuit of emerging AI-based industry use cases, with proof of concepts underway.