Nucor earnings beat by $0.08, revenue fell short of estimates
SAN DIEGO - Teradata Corporation (NYSE: NYSE:TDC), a cloud analytics and data platform provider with annual revenue of $1.75 billion, has elevated Michael Hutchinson from Chief Customer Officer to Chief Operating Officer, the company announced today. According to InvestingPro analysis, the company currently maintains a FAIR financial health score, operating with a moderate level of debt. Hutchinson, who joined Teradata in June 2021, will oversee the company’s global operations, including information technology and security, as well as strategy and operations. He retains leadership of Teradata Global Customer Services and will continue reporting to President and CEO Steve McMillan.
Hutchinson’s tenure at Teradata began as Senior Vice President of Worldwide Customer Success, Consulting, and Renewals. Since January 2022, as Chief Customer Officer, he has been instrumental in enhancing customer experiences and value, contributing to high customer Net Promoter Scores, retention, and use-case expansion. The company has maintained a solid gross profit margin of 61% while generating substantial free cash flow, as revealed in InvestingPro’s detailed financial analysis. His prior experience includes senior roles at Verint and a nearly 30-year career at Oracle (NYSE:ORCL), where he ultimately served as Global Vice President, North America Customer Success.
President and CEO Steve McMillan expressed confidence in Hutchinson’s leadership abilities, emphasizing his commitment to customer-first initiatives and his operational and strategic expertise. McMillan noted Hutchinson’s alignment with Teradata’s goal of delivering Trusted AI to customers.
Hutchinson expressed enthusiasm for his new role, focusing on executing Teradata’s strategy as a hybrid Trusted AI platform and driving continuous improvements to benefit customer outcomes.
Teradata positions itself as an enabler of more confident decision-making and innovation through its cloud analytics and data platform, which aims to deliver harmonized data and trusted AI. While the stock has experienced a 22% decline year-to-date, analysts maintain a moderate outlook with price targets ranging from $25 to $37. For comprehensive insights and additional ProTips about Teradata’s valuation and growth prospects, visit InvestingPro, where detailed research reports are available.
The announcement is based on a press release statement by Teradata Corporation.
In other recent news, Teradata Corporation reported its fourth-quarter revenue at $409 million, falling short of analyst estimates of $414.95 million, and marking an 11% decline year-over-year. Despite this, the company’s adjusted earnings per share surpassed expectations, reaching $0.53 against the anticipated $0.44. However, Teradata’s guidance for 2025 has disappointed investors, with projected earnings per share for the first quarter ranging from $0.55 to $0.59, below the analyst consensus of $0.64. The full-year 2025 earnings per share guidance of $2.15 to $2.25 also fell short of the projected $2.46.
Additionally, Teradata’s public cloud annual recurring revenue saw a 15% year-over-year increase, reaching $609 million in the fourth quarter, although total ARR declined by 6% to $1.47 billion. Guggenheim Securities recently adjusted its price target for Teradata to $37, down from $42, while maintaining a Buy rating. This adjustment follows Teradata’s challenges in meeting financial targets and a management change with the departure of CFO Claire Bramley. Despite these challenges, Guggenheim noted that many of Teradata’s customers are continuing and even expanding their use of the company’s services. The firm’s analyst emphasized that Teradata still holds strategic value, particularly in its recurring revenue stream.
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