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TDC Stock Price Surged By 26.63%: Here’s All You Need To Know

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Teradata Corporation (NYSE: TDC)’s stock price increased to 50.50(as of April 22) from 39.88(previous closing price), thus showing a growth percentage of 26.63. April 22’s opening price was 51.39.The day’s range was 48.88 – 53.99 and the volume was 26,122,080.  

Teradata (NYSE: TDC) is the connected multi-cloud data platform for enterprise analytics, solving data challenges from start to scale. Teradata (NYSE: TDC)’s stock price has been rising for the past week. The closing price on April 16 was 39.59 and the closing price on April 22 was 50.50. This shows a bizarre growth of 10.19.

Teradata Corporation (NYSE: TDC) today announced preliminary financial results for its first quarter of fiscal 2021 ended March 31, 2021. Teradata also announced that it will release full financial results for the first quarter of fiscal 2021 after the market closes on Thursday, May 6, 2021.

Preliminary Financial Results for First Quarter of Fiscal Year 2021

For the first quarter of fiscal 2021, Teradata currently expects to exceed its guidance provided on February 4, 2021 for GAAP earnings per diluted share, Non-GAAP earnings per diluted share, and public cloud ARR* growth, as follows:

Guidance for First Quarter

Fiscal 2021 provided on

February 4, 2021

Preliminary Results for First

Quarter Fiscal 2021

GAAP earnings per diluted share $0.11 to $0.13 $0.45 to $0.47
Adjustments, including stock-based compensation expense, reorganization-related expenses, income tax adjustments, and other special items Approximately $0.27(1) Approximately $0.22(1)
Non-GAAP earnings per diluted share, excluding the adjustments noted above $0.38 to $0.40(1) $0.67 to $0.69(1)
Public cloud ARR* growth from the end of fiscal 2020 Approximately $10 million to $15 million Approximately $16 million to $18 million

During the first quarter of fiscal 2021, the Company performed strongly across all its revenue categories, resulting in total revenues being comparable to the fourth quarter of fiscal 2020, rather than lower on a sequential basis but higher than the prior year period per the previous guidance. In addition, the Company experienced strong gross margin performance. These results, combined with Teradata’s focus on operating expenses, delivered the Company’s strong earnings performance.

In addition, while Teradata did not provide guidance for first quarter fiscal 2021 cash flow from operations or free cash flow, the Company anticipates reporting first quarter fiscal 2021 cash flow from operations of at least $105 million, less capital expenditures and additions to capitalized software of approximately $5 million to arrive at first quarter fiscal 2021 free cash flow of at least $100 million(2), due to the business performance cited above.

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