Teradata Now Expects FY24 Total Revenue In The Range Of -2% To -4% Y/Y In Constant Currency Vs. Prior View For Growth Of 0% - 2% In Constant Currency
Portfolio Pulse from Benzinga Newsdesk
Teradata has revised its FY24 total revenue expectations to a range of -2% to -4% year-over-year in constant currency, down from its previous forecast of 0% to 2% growth.
August 05, 2024 | 8:56 pm
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Teradata has lowered its FY24 revenue expectations to a range of -2% to -4% Y/Y in constant currency, compared to its previous forecast of 0% to 2% growth. This downward revision indicates potential challenges in the company's business environment or execution.
The downward revision in revenue expectations suggests that Teradata is facing challenges that could negatively impact its financial performance. Investors may react negatively to this news, leading to a potential short-term decline in the stock price.
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