Teradata says ‘eight figure deal’ could be pushed out to Q4

Speaking at the Barclays Global Technology Conference, executives from Teradata were asked to comment on what the company is seeing in the deal pipeline and what they saw in October, to which they replied in part, according to a transcript of the event: “So for the current quarter, we did have a strong uptake of actually both from a linearity standpoint for the cloud today and free cash flow… What we see regular updates as you expect and actually the new information that we have in the last 24 to 36 hours is that some of, as I mentioned about elongations of deals, we’ve got one particular deal that potentially could be pushed out to Q4… I think one thing not all, which is a kind of a eight figure deal, so a small it’s going at the low end of those. But I’d hate to deal that potentially that the timing of that could get pushed out… But they as a customer of our corporate development action type activity from a timing standpoint, they’re just looking for new timing so that I’ll be honest, that could pick up towards the low end or slightly below the range, the cloud area that we previously gave. But the good news is that it’s not a loss deal just rolls over into 2024 and we’re still on track for 2025 goal, which is the $1 billion as well. So it’s good news in the sense of the timeline that’s potentially in our Q4 range.”