Teradata Corp

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50.62
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Other Pre-Announcement

Teradata Highlights New Strategy And Plan To Deliver Sustainable Growth And Value Creation

Published: 09/09/2021 21:23 GMT
Teradata Corp (TDC) - Teradata Highlights Its New Strategy and Plan to Deliver Sustainable Growth and Value Creation.
Reaffirms Fiscal 2021 Financial Outlook.
Sees More Than $1 Billion in Cloud Arr, Representing Over 50% in Total Arr in Fiscal 2025.
Sees About $550 Million Free Cash Flow in Fiscal 2025.
Sees Low 20% Non-GAAP Operating Margin in Fiscal 2025.
Sees Implementing a Returns-based Capital Return Program of at Least 50% of Free Cash Flow Annually Through Fiscal 2025.
For Fiscal 2022, Preliminarily Estimates at Least 70% Growth in Cloud Arr Year-over-year.
Sees for Fiscal 2022 Non-GAAP Diluted Net Earnings per Share in Range of $1.60 to $1.70.
Sees for Fiscal 2022 Free Cash Flow of About $400 Million.
Teradata - Non-GAAP Diluted Net EPS in Fiscal 2022 Expected to Be Impacted Primarily by Upfront Recurring Revenue Recognized in Fiscal 2021.
FY2021 Earnings per Share View $1.97, Revenue View $1.92 Billion -- Refinitiv Ibes Data (analyst estimates).
FY2022 Earnings per Share View $2.04 -- Refinitiv Ibes Data (analyst estimates).