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Stock impact report

Teradata Reports First Quarter 2020 Financial Results

Teradata Corporation (TDC) 
Last teradata corporation earnings: 2/6 04:05 pm Check Earnings Report
Company Research Source: Business Wire
Teradata continued to make progress on key Cloud, Vantage, and Go-to-market efforts in the first quarterThe Company’s technology is critical in supporting customers during COVID-19 and Teradata used this opportunity to further support customers and deepen relationshipsTeradata’s first-quarter results were negatively impacted by COVID-19The Company is withdrawing its full-year 2020 guidance due to uncertainties relating to COVID-19 SAN DIEGO--(BUSINESS WIRE)--Teradata Corp. (NYSE: TDC) today announced its first-quarter 2020 financial results. Business trends through the first two-thirds of the quarter were normal, however the second half of March saw a significant number of deals postponed which negatively impacted first-quarter results. Recurring revenue increased 4 percent, 6 percent in constant currency(1), from the first quarter of 2019. Annual recurring revenue (ARR) increased 6 percent, 8 percent in constant currency(1), from the first quarter of 2019. Total first-quarter reve Show less Read more
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