teradata acquisition rumors 2021

You can sign up for additional subscriptions at any time. And while there have been several large strategic acquisitions recently including Adobe's bid for Figma, which was the largest ever for a private-software company, and Salesforce's $27 billion deal for Slack Rishi Jaluria, an analyst at RBC, sees smaller-scale M&A as more realistic in the current economic environment. He Couldn't Beat Teradata. Now He's Its CEO "Going private could be the right move for it to better manage its turnaround path back to market growth," RBC analysts wrote. b )j@QB H0p~f1l2f2a#y@{v"\9= ~Pf`b@?h&;@:q =! "7 I am proud of our teams steadfast focus on execution and operational excellence that enabled us to meet or beat every element of our annual outlook, said Steve McMillan, President and CEO, Teradata. Non-GAAP diluted EPS is expected to be in the range of $0.63 to $0.67. Per Figure 2 TDC's TTM non-GAAP net income of $154 million is well above GAAP net income of $14 million.. About Teradata Reaffirms Fiscal 2021 Financial Outlook. "Given intense competition, we believe the company could benefit from additional scale and could be an interesting asset to a bigger platform vendor that could spend more than Sumo could as an independent company," the analysts wrote. Why it's an acquisition target: Zoom saw huge growth during the early days of the pandemic due to the sudden shift to remote work, but since the beginning of this year, its stock has fallen back to pre-2020 levels. Rich Smith has no position in any of the stocks mentioned. 17095 Via Del Campo This is an increase from the range of $1.60 to $1.70, which was previously communicated at Teradatas Investor Day in September 2021. Teradata Reports First Quarter 2021 Financial Results. Why it's an acquisition target: The industry has long thought of Box as an acquisition target. ET, after the data management specialist reported fourth-quarter 2021 earnings last night -- and beat. -- Teradata (NYSE: TDC ) today announced its fourth-quarter and full- year 2021 financial results. Company Mergers, Acquisitions, & JVs; . This is an increase from at least 70% growth year-over-year, which was previously communicated at Teradatas Investor Day in September 2021. What it does: Qualys is a cybersecurity company and makes software for cloud security, compliance, and vulnerability-management solutions. Jennifer Donahue Public cloud ARR increased by $79 million, or 176% from the prior year period, exceeding the outlook of at least 165% year-over-year (1) First-quarter recurring revenue of $372 million, an increase of 20% from the prior year period. This release contains forward-looking statements within the meaning of Section 21E of the Securities and Exchange Act of 1934. Christopher T. Lee More software M&A is in the forecast as valuations and stock prices continue to drop and private companies aren't the only ones likely to get gobbled up. Forward-looking statements generally relate to opinions, beliefs, and projections of expected future financial and operating performance, business trends, liquidity, and market conditions, among other things. What it does: Duck Creek Technologies makes cloud software for property-and-casualty-insurance companies. The Company believes such non-GAAP financial measures (1) provide useful information to investors regarding the underlying business trends and performance of the Companys ongoing operations, (2) are useful for period-over-period comparisons of such operations and results, that may be more easily compared to peer companies and allow investors a view of the Companys operating results excluding stock-based compensation expense and special items, (3) provide useful information to management and investors regarding present and future business trends, and (4) provide consistency and comparability with past reports and projections of future results. This is an increase from at least 70% growth year-over-year, which was previously communicated at Teradatas Investor Day in September 2021. Public cloud ARR is defined as the annual value at a point in time of all contracts related to public cloud implementations of Teradata Vantage and does not include ARR related to private or managed cloud implementations. Teradata Helps Customers Unlock True Value of their Data with Integration of Teradata VantageCloud and Microsoft Azure Machine Learning Read the press release Feb 22, 2023 Press Teradata Appoints Jose Garces Go-To-Market Vice President of Northern Europe and Southern Europe Read the press release Feb 13, 2023 Press PDF Teradata Reports Fourth-Quarter and Full-Year 2021 Financial Results Multiple sources told us Teradata's customer service field support team, which has shrunk in recent years, were mostly given their marching orders. This includes machine upgrade and machine migration, as well as software support, such as upgrades or specific patches. San Diego, CA 92127, investor.relations@teradata.com We continue to demonstrate our commitment to deliver shareholder value through disciplined capital allocation, including our intention to enter into a $250 million accelerated share repurchase program in the first quarter, enabled by our strong balance sheet and projections of cash flow generation., Fourth-Quarter 2021 Financial Highlights Compared to Fourth-Quarter 2020, Full-Year 2021 Financial Highlights Compared to Full Year 2020. The space is "crowded," RBC analysts wrote in a note, and "over time, could benefit from consolidation with adjacent collaboration solutions.". Our non-GAAP measures are not meant to be considered in isolation to, as substitutes for, or superior to, results determined in accordance with GAAP, and should be read only in conjunction with our condensed consolidated financial statements prepared in accordance with GAAP. 2011. Our enterprise analytics solve business challenges from start to scale. As described below, the Company believes that free cash flow is a useful non-GAAP measure for investors. This release contains forward-looking statements within the meaning of Section 21E of the Securities and Exchange Act of 1934. "It's like you've got a team that looks after space rockets and a team that looks after Formula One cars. After going public in 2018, the company's growth has stagnated in recent years, and its software would likely grow faster as part of a larger platform, several analysts have said. Aug 23, 2021 4 min read IBM Takes Over Teradata Updated: Sep 16, 2022 The Teradata announcement of outsourcing maintenance agreements to IBM shocked the Teradata community. Why it's an acquisition target: Qualys has a portfolio of software tools for cloud security, which makes it an interesting target for any company looking to get into that space, RBC analysts said. But many customers are keen to keep on-prem systems up and running for the time being, one source told us, as they weigh up their options for moving to the cloud with Teradata or another cloud system. Companies like Salesforce and Microsoft would benefit from buying Smartsheet and adding those capabilities to their platforms, the analysts wrote. Some potential acquirers could be Google or Cisco, RBC analysts wrote. Zendesk, which offers customer-service software, was also taken private for $10.2 billion by an investor group, which Hellman & Friedman and Permira led. Why it's an acquisition target: RBC and other analysts have seen Dropbox as a potential acquisition target for a while. GAAP profits for the quarter were only $0.29 per share -- not $0.57. The business will be based around six units: cloud, applications, data and AI; security and resiliency; core enterprise and zCloud; network and edge; and digital workplace. 0 May 6, 2021. Teradata is the connected multi-cloud data platform for enterprise analytics company. Reconciling items include stock-based compensation, capitalized software, amortization of acquisition-related intangible assets and acquisition, integration and reorganization-related items. Annual recurring revenue (ARR) is defined as the annual value at a point in time of all recurring contracts, including subscription, cloud, software upgrade rights, and maintenance. Learn more at Teradata.com. SAN DIEGO--(BUSINESS WIRE)-- Teradata has acquired 16 companies. See the foreign currency fluctuation schedule, which is used to determine revenue on a constant currency (CC) basis, on the Investor Relations page of the Companys website at investor.teradata.com. We have long been trusted by our customers but what sets Teradata apart is our unique ability to provide a true hybrid, multi-cloud solution, delivering the best price performance at scale in the industry., McMillan continued, This year we continuously focused on delivering on our commitments, including building our recurring revenue streams into sustainable and profitable revenue and free cash flow. Teradata is dedicated to helping enterprise businesses around the globe use data analytics to tackle the problems they face every day. Adjustments to reconcile net income to net cash provided by operating activities: Effect of exchange rate changes on cash and cash equivalents, Public cloud ARR of $202 million, an increase of 91% as reported from the prior year period, Fourth quarter recurring revenue of $364 million, an increase of 5% as reported from the prior year period, Recurring revenue was 77% of total revenue in the fourth quarter, up from 70% the prior year period, Fourth quarter GAAP earnings per diluted share of $0.29, above the previously provided outlook range of $(0.05) to $(0.01), Fourth quarter Non-GAAP earnings per diluted share of $0.57, above the previously provided outlook range of $0.25 to $0.29, Fourth quarter cash from operations of $95 million and free cash flow of $85 million, Intends to enter into a $250 million accelerated share repurchase program in the first quarter, Public cloud ARR increased to $202 million from $106 million, an increase of 91% as reported and 92% in constant currency, ARR increased to $1.492 billion from $1.425 billion, an increase of 5% as reported and 7% in constant currency, Recurring revenue was $364 million versus $346 million, an increase of 5% as reported and 6% in constant currency, Total revenue was $475 million versus $491 million, a decrease of 3% as reported and 2% in constant currency, Non-GAAP gross margin was 63.2% versus 59.3%, GAAP operating income was $50 million versus $13 million, Non-GAAP operating income was $90 million versus $67 million, GAAP diluted EPS was $0.29 versus $0.04 per share, Non-GAAP diluted EPS was $0.57 versus $0.38, Cash flow from operations was $95 million compared to $56 million, Free cash flow was $85 million compared to $45 million, Recurring revenue was $1.464 billion from $1.309 billion, an increase of 12% as reported and 11% in constant currency, Total revenue was $1.917 billion from $1.836 billion, an increase of 4% as reported and 3% in constant currency, Non-GAAP gross margin was 63.4% versus 58.4%, GAAP operating income was $231 million versus $16 million, Non-GAAP operating income was $393 million versus $230 million, Non-GAAP diluted EPS was $2.43 versus $1.31, Cash flow from operations was $463 million versus $267 million, Free cash flow was $432 million versus $216 million. Yankees Option Franchy Cordero - MLB Trade Rumors Jennifer Donahue "It would not surprise us to see interest from private equity, especially after the significant slowdown in growth," RBC analysts wrote. Our enterprise analytics solve business challenges from start to scale. A conference call is scheduled for today at 2:00 p.m. PT to discuss the Companys fourth-quarter and full-year 2021 results, and provide a business and financial update. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially, including those relating to: the global economic environment and business conditions in general or on the ability of our suppliers to meet their commitments to us, or the timing of purchases by our current and potential customers; the rapidly changing and intensely competitive nature of the information technology industry and the data analytics business; fluctuations in our operating results; our ability to execute and realize the anticipated benefits of our business transformation program or other restructuring and cost saving initiatives; risks inherent in operating in foreign countries, including foreign currency fluctuations; risks associated with the ongoing and uncertain impact of the COVID-19 pandemic on our business, financial condition and operating results and on our customers and suppliers; risks associated with data privacy, cyberattacks and maintaining secure and effective products for our customers, as well as, internal information technology and control systems; the timely and successful development, production or acquisition, availability and/or market acceptance of new and existing products, product features and services; tax rates; turnover of our workforce and the ability to attract and retain skilled employees; protecting our intellectual property; availability and successful execution of new alliance and acquisition opportunities; subscription arrangements that may be cancelled or fail to be renewed; the impact on our business and financial reporting from changes in accounting rules; and other factors described from time to time in Teradatas filings with the U.S. Securities and Exchange Commission, including its most recent annual report on Form 10-K, and subsequent quarterly reports on Forms 10-Q or current reports on Forms 8-K, as well as Teradatas annual report to stockholders. As described below, the Company believes that free cash flow is a useful non-GAAP measure for investors. https://www.businesswire.com/news/home/20220204005518/en/, INVESTOR CONTACT That's what sets it apart from more traditional database companies like Oracle. This non-GAAP measure is not meant to be considered in isolation to, as a substitute for, or superior to, results determined in accordance with GAAP, and should be read only in conjunction with our condensed consolidated financial statements prepared in accordance with GAAP. What it does: Teradata makes software for cloud databases and analytics. Director (Former Employee) - San Diego, CA - December 22, 2021. Our management internally uses supplemental non-GAAP financial measures, such as gross profit, operating income, operating margin, net income, and EPS, excluding certain items, to understand, manage and evaluate our business and support operating decisions on a regular basis. To more accurately reflect the impact of the expense on a quarterly basis for non-GAAP purposes, the $3 million of tax expense was recognized ratably each quarter in 2020 instead of being included in the marginal effective rate. The firm also acquired Anaplan, a business-planning-software company, for $10.7 billion in June. They also note that Microsoft and Google sell their content-management tools as part of a larger suite while Dropbox doesn't have a full-fledged sales team focused on enterprise customers. Fri 9 Jul 2021 // 10:45 UTC Teradata is outsourcing field-based support on both sides of the pond to IBM, much to the alarm of some customers who fear a loss of knowledge in keeping its trusted on-prem systems up and running. That likely makes the company a target for private-equity firms. INVESTOR CONTACT View source version on businesswire.com: I understand that I may unsubscribe at any time by following the link at the bottom of any such email I receive to visit the Teradata Investor site and completing the Unsubscribe From Email Alerts form. 10131 0 obj <>stream Moving to the cloud would be a "massive disruption.". Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. If the company is not able to execute its new strategy, it might make sense for the board to explore a sale to a larger firm, the analysts wrote. Read Full Review 5.0 Feb 2, 2023 Review Source: Product: Teradata Vantage Perspective by experience. "2021 was an impressive year for Teradata. He's not sure any company would be able to get a Slack-sized deal done in the current economic climate aside from, perhaps, Microsoft. Why it's an acquisition target: Duck Creek Technologies has seen slowing growth in recent quarters, likely due to increased competition from smaller companies, RBC analysts said. However, Petersen really disappointed this season, getting sent down to the minors after just 10 games. Cash flow from operations is expected to be approximately $430 million. Why Teradata Stock Just Rocketed 24% | The Motley Fool Granted, one way of looking at the numbers is that Teradata missed on sales, pulling in about 1% less revenue than predicted. This release contains forward-looking statements within the meaning of Section 21E of the Securities and Exchange Act of 1934. Note to Investors GAAP profits are predicted to range from $0.75 to $0.85 -- much weaker than in 2021. year 2021 financial results. Teradata defines free cash flow as cash provided by / used in operating activities, less capital expenditures for property and equipment, and additions to capitalized software. As for the outsourcing agreement, the contract will likely reside within IBM Global Services, the part of the organisation that is being spun out into a separately listed public entity known as Kyndryl. Cash provided by operating activities (GAAP). The following tables reconcile Teradatas actual and projected results and EPS under GAAP to the Companys actual and projected non-GAAP results and EPS for the periods presented, which exclude certain specified items. Why it's an acquisition target: Jana Partners, a group of activist investors, is targeting New Relic and preparing to explore a potential sale to private equity, Reuters reported in July. Join SI Premium - FREE. This was offset by $1 million of tax expense related to withholding taxes associated with the same intra-entity transfer recorded in the second quarter of 2020. It seems the deal may be multi-territory as The Register has seen documents indicating IBM is answering tickets on behalf of Teradata in Europe. While many companies were making public announcements declaring their adoption of cloud-native data warehouse systems, they were keeping on-prem systems such as Teradata up and running for the time being. 858-485-2523 office Teradata does not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. To receive notifications via email, enter your email address and select at least one subscription below. Why it's an acquisition target: Companies like Yelp, Ticketmaster, Stripe, and Github use Fastly's technology. The impact of currency is determined by calculating the prior period results using the current-year monthly average currency rates. Acquisitions by Teradata | Tracxn Teradata Reports Fourth-Quarter and Full-Year 2021 Financial Results While the company is doing well financially, it's still in recovery mode from the incident. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. This non-GAAP measure is not meant to be considered in isolation to, as a substitute for, or superior to, results determined in accordance with GAAP, and should be read only in conjunction with our condensed consolidated financial statements prepared in accordance with GAAP. Teradata (NYSE: TDC) highlighted the Company's successful cloud-first transformation and ongoing strategic initiatives to deliver sustainable growth and value creation at its Investor Day held virtually today. Teradata reports its results in accordance with GAAP. The Teradata logo is a trademark, and Teradata is a registered trademark of Teradata Corporation and/or its affiliates in the U.S. and worldwide. Teradatas management uses free cash flow to assess the financial performance of the Company and believes it is useful for investors because it relates the operating cash flow of the Company to the capital that is spent to continue and improve business operations. The Companys GAAP effective tax rate for the twelve months ended December 31, 2020, includes $156 million of discrete tax benefit related to an intra-entity asset transfer of certain of its intellectual property to one of its Irish subsidiaries, which occurred on January 1, 2020. "We still believe edge computing is a real opportunity and that FSLY has good technology, which could be attractive to an acquirer," RBC analysts wrote. Teradata Vantage is a legacy system used by many large organizations and corporates for storing data and providing it to end users. Teradatas management uses free cash flow to assess the financial performance of the Company and believes it is useful for investors because it relates the operating cash flow of the Company to the capital that is spent to continue and improve business operations. The software industry is expecting more M&A as software valuations continue to drop. In fact, the company earned more than twice the predicted profit -- $0.57 per share -- and needed sales of only $475 million to do it. What it does: Fastly makes content-delivery network, or CDN, software, which helps websites and applications load faster. Why it's an acquisition target: N-Able has a large market opportunity in the managed-service provider space for small- to medium-sized businesses, RBC analysts wrote. See the foreign currency fluctuation schedule, which is used to determine revenue on a constant currency (CC) basis, on the Investor Relations page of the Companys website at investor.teradata.com. Teradata customers express terror as field-based hardware support The strength of our performance in 2021 is matched by our conviction to continue accelerating in 2022.

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