Teradata (TDC) Q2 Earnings Beat Estimates, Revenues Fall Y/Y

Teradata (TDC) reported second-quarter 2024 non-GAAP earnings of 64 cents per share, which beat the Zacks Consensus Estimate by 33.33%. The bottom line increased 33.3% year over year. Revenues of $436 million missed the Zacks Consensus Estimate by 2.59%. The figure declined 6% year over year on a reported basis and 3% on a constant-currency (cc) basis. Total annual recurring revenues (ARR) at the second-quarter end declined 4% year over year to$ 1.46 billion. The figure fell 3% at cc. Public cloud ARR ralli ...