Teradata Corporation (NYSE: TDC) reported better-than-expected results for its fourth quarter, but issued weak earnings guidance on Monday.
Teradata reported quarterly earnings of 56 cents per share which beat the analyst consensus estimate of 51 cents by 9.8% and is a 60% increase over earnings of 35 cents per share from the same period last year, according to data from Benzinga Pro.
The company reported quarterly sales of $457 million, beating the analyst consensus estimate of $456.79 million by 0.05% and representing a 1.11% increase over sales of $452 million year-over-year.
“Teradata ended 2023 with $528 million of Cloud ARR, delivering ten-fold growth in less than four years,” ...