Teradata ( (TDC) ) has shared an announcement.
Teradata’s third quarter of 2024 financial results showcase strong growth in its cloud business, with a 26% increase in public cloud ARR, a 120% cloud net expansion rate, and significant improvements in both GAAP and non-GAAP EPS. The company’s strategic focus on hybrid capabilities and innovation has fortified its market position and attracted new customers and partners. Despite a slight decrease in total ARR, Teradata’s operational cash flow surged by 88%, reflecting the company’s commitment to efficiency and long-term growth.
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