Teradata Expects Q3 Adj EPS Of $0.54 - $0.58, Est $0.49; Revises FY24 Range From $2.15 - $2.31 To $2.20 - $2.26, Est $2.18
Portfolio Pulse from Benzinga Newsdesk
Teradata (TDC) has updated its Q3 and FY24 financial expectations. For Q3, the company expects adjusted EPS of $0.54 to $0.58, above the estimated $0.49. For FY24, Teradata revised its non-GAAP EPS range to $2.20 to $2.26, compared to the previous range of $2.15 to $2.31 and the estimated $2.18. The company also provided updates on various financial metrics, including public cloud ARR growth, total ARR, recurring revenue, total revenue, cash flow from operations, free cash flow, and GAAP diluted EPS.
August 05, 2024 | 8:54 pm
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Teradata (TDC) has updated its Q3 and FY24 financial expectations. For Q3, the company expects adjusted EPS of $0.54 to $0.58, above the estimated $0.49. For FY24, Teradata revised its non-GAAP EPS range to $2.20 to $2.26, compared to the previous range of $2.15 to $2.31 and the estimated $2.18. The company also provided updates on various financial metrics, including public cloud ARR growth, total ARR, recurring revenue, total revenue, cash flow from operations, free cash flow, and GAAP diluted EPS.
The upward revision of Q3 adjusted EPS and FY24 non-GAAP EPS above estimates is likely to positively impact Teradata's stock price in the short term. Investors generally react favorably to earnings beats and upward revisions.
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