Teradata (TDC) Q1 Earnings Beat Estimates, Revenues Fall Y/Y

Teradata (TDC) reported first-quarter 2024 non-GAAP earnings of 57 cents per share, which beat the Zacks Consensus Estimate by 1.79%. The bottom line fell 6.6% year over year.Revenues of $465 million surpassed the Zacks Consensus Estimate by 2.07%. The figure decreased 2.3% year over year on a reported basis and 1% on a constant-currency (cc) basis.Total annual recurring revenues (“ARR”) at the first-quarter end decreased 2% year over year to$ 1.48 billion. The figure decreased 1% at cc.Public cloud ARR sur ...