TERADATA CORPORATION Reports Earnings Results for Q2 FY2023
August 9, 2023
🌥️Earnings Overview
TERADATA CORPORATION ($NYSE:TDC) reported its second quarter FY2023 earnings results, which ended June 30 2023. The total revenue achieved was USD 462.0 million, a 7.4% increase from the previous year’s corresponding period. Reported net income was also higher at USD 17.0 million, compared to the -4.0 million a year ago.
Stock Price
On Monday, TERADATA CORPORATION reported its earnings results for the second quarter of fiscal year 2023. The stock opened at $56.1 and closed at $55.5, down by 0.4% from its last closing price of 55.7. The company’s total debt had also increased significantly from the previous quarter, which analysts are attributing to increased investments in R&D and marketing initiatives to drive revenue growth going forward. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Teradata Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 1.81k | 58 | 3.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Teradata Corporation. More…
| Operations | Investing | Financing |
| 321 | -21 | -303 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Teradata Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.87k | 1.65k | 2.16 |
Key Ratios Snapshot
Some of the financial key ratios for Teradata Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -0.7% | 176.5% | 7.6% |
| FCF Margin | ROE | ROA |
| 16.7% | 38.2% | 4.6% |
Analysis
At GoodWhale, we recently conducted a wellness analysis of TERADATA CORPORATION. We found that the company is a low risk investment in financial and business aspects, according to our Risk Rating system. Moreover, we have identified one risk warning on the balance sheet. For those interested in learning more about the risk warning, please become a registered user on our website to access the full report. We believe this is a valuable service to our users, so we invite you to take advantage of this opportunity. At GoodWhale, we are dedicated to providing the most accurate and up-to-date information about the companies we analyze, so you can make informed decisions about your investments. More…
Peers
In the data warehousing industry, Teradata Corp competes against Insig AI PLC, Snowflake Inc, and Starcom Information Technology Ltd. Teradata has been in business for over 35 years and offers a comprehensive product portfolio. Its main competitors are Snowflake, which has been in business for less than 10 years, and Starcom, which is a relatively new entrant to the data warehousing industry.
– Insig AI PLC ($LSE:INSG)
Insignia AI Plc is a United Kingdom-based artificial intelligence company. The Company is focused on delivering artificial intelligence (AI) products and services. Its products and services include data collection, data processing, data analysis and decision support. The Company’s data products and services are used in a range of applications, including retail customer segmentation, predictive maintenance, fraud detection, risk management and marketing optimization.
– Snowflake Inc ($NYSE:SNOW)
Snowflake is a cloud-based data-warehousing company. It provides software that allows users to store, analyze, and share data. The company was founded in 2012 and is headquartered in San Mateo, California. Snowflake went public in September 2020.
As of 2022, Snowflake’s market cap is $46.78 billion. The company has a negative return on equity of 8.11%.
– Starcom Information Technology Ltd ($BSE:531616)
Starcom Information Technology Ltd is a publicly traded company with a market cap of 545.07M as of 2022. The company has a Return on Equity of 44.53%. Starcom Information Technology Ltd is a provider of information technology services. The company offers a range of services including software development, web development, and digital marketing.
Summary
TERADATA CORPORATION has reported its earnings results for the second quarter of FY2023, demonstrating an impressive 7.4% growth in total revenue from the same period the previous year. Net income also increased significantly, standing at USD 17.0 million, compared to negative -4.0 million the year prior. This indicates that investing in TERADATA CORPORATION could be a wise decision for investors, as the company is growing despite economic uncertainty and is showing signs of becoming increasingly profitable. With its positive performance in the second quarter, TERADATA CORPORATION could be an attractive option for potential investors looking for long-term growth and stability.
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