Teradata Mergers and Acquisitions Summary | Mergr The Company believes this is a useful metric to investors as it demonstrates progress toward achieving our strategic objectives as outlined in the Form 10-K and Form 10-Q. A total of 5 acquisitions came from private equity firms.It has also divested 1 asset.. Teradata's largest acquisition to date was in 2011, when it acquired Teradata - Marketing Applications for $525M. You must click the link in the email to activate your subscription. However, as described below, the Company believes that certain non-GAAP measures such as non-GAAP gross profit, non-GAAP operating income, non-GAAP net income, and non-GAAP earnings per diluted share, or EPS, all of which exclude certain items (as well as free cash flow), and which may be reported on a constant currency basis, are useful for investors. 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. Telephone: 858-485-2088, Teradata Reports Fourth-Quarter and Full-Year 2021 Financial Results, https://www.businesswire.com/news/home/20220204005518/en/, Perpetual software licenses, hardware and other, Selling, general and administrative expenses, Right of use assets - operating lease, net, Current portion of finance lease liability, Current portion of operating lease liability, Pension and other postemployment plan liabilities. Overview of Teradata's Acquisitions All Acquisitions : 12 [View Details] Latest Acquisitions : Teradata filed a carry back of its 2020 NOL to claim a refund for taxes it paid in 2015, which created a one-time income tax benefit for GAAP reporting purposes for the difference between the 2015 federal statutory tax rate of 35% and the current federal statutory rate of 21%. It's also facing competition from Microsoft that's likely making it harder to grow as quickly, RBC analysts wrote. Cloud ARR represents public cloud ARR, which 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 Reports First Quarter 2021 Financial Results. Teradata Engaged Employer Overview 3.1K Reviews 168 Jobs 4.3K Salaries 533 Interviews 1.1K Benefits 37 Photos 887 Diversity + Add a Review Teradata Employee Reviews about "layoff" Updated Apr 27, 2023 Search Reviews Clear All Full-time, Part-time English Filter Found 93 of over 3K Sort Popular Popular COVID-19 Related Highest Rating Lowest Rating A Look At Teradata's History & Achievements Making the world smarter, happier, and richer. What it does: Dropbox makes cloud-based content-management and file-sharing software. Free cash flow does not represent the residual cash flow available for discretionary expenditures since there may be other nondiscretionary expenditures that are not deducted from the measure. 17095 Via Del Campo 10131 0 obj <>stream MEDIA CONTACT The company faced an activist investor in 2021 who wanted to replace the board and push for higher growth rates, and there were rumors it was pursuing a sale amid the pressure. , The Register Biting the hand that feeds IT, Copyright. Recurring revenue is expected to grow at a low-to-mid-single-digit percentage year-over-year. Learn more at Teradata.com. "2021 was an impressive year for Teradata. Now there are several other companies that are likely takeover targets for either a tech giant or a private-equity firm, RBC analysts said in a recent note to clients. 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. We delivered strong results, driving more than 90% growth in public cloud ARR and significantly growing new cloud customers. Reconciling items include stock-based compensation, capitalized software, amortization of acquisition-related intangible assets and acquisition, integration and reorganization-related items. While its growth has made it less of an acquisition target, RBC analysts wrote that any "misstep" would make it an attractive candidate for a private-equity firm to acquire. The Motley Fool recommends Teradata. But after the huge 2021 beat, investors today seem willing to accept this more muted forecast for 2022. 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. But Oracle would also make sense, especially given that Larry Ellison, the founder and CTO of Oracle, was very vocal about supporting Zoom during its pandemic boom and privacy-and-security issues, the analysts wrote. Learn More. Teradata ( TDC 0.05%) stock surged in morning trading today, up 24.2% as of 10:50 a.m. And just last month, Adobe executives announced the company is acquiring the beloved design startup Figma for $20 billion. GAAP profits are predicted to range from $0.75 to $0.85 -- much weaker than in 2021. Teradata filed a carry back of its 2020 NOL to claim a refund for taxes it paid in 2015, which created a one-time income tax benefit for GAAP reporting purposes for the difference between the 2015 federal statutory tax rate of 35% and the current federal statutory rate of 21%. This release contains forward-looking statements within the meaning of Section 21E of the Securities and Exchange Act of 1934. 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. 11:46am: The team announced they have indeed selected the contract of Bauers.To make room on the 40-man roster, reliever Lou Trivino was transferred to the 60-day IL.. 7:59am: The Yankees have . Teradata Columnar, a transformative advance in database technology that fully integrates columnar and row-based tables, launches. Our management internally uses supplemental non-GAAP financial measures, such as gross profit, operating income, net income, and EPS, excluding certain items, to understand, manage and evaluate our business and support operating decisions on a regular basis. In addition, the Company recorded a $2 million discrete tax benefit in the third quarter of 2021 for GAAP purposes resulting from a provision to return true up to the Companys net operating loss upon completion of its 2020 US federal income tax return and its NOL carryback claim afforded by the CARES Act of 2020. The impact of currency is determined by calculating the prior period results using the current-year monthly average currency rates. Reconciling items include stock-based compensation, capitalized software, amortization of acquisition-related intangible assets and acquisition, integration and reorganization-related items. To ensure the most secure and best overall experience on our website, we recommend the latest versions of, Perpetual software licenses, hardware and other, Selling, general and administrative expenses, Right of use assets - operating lease, net, Current portion of finance lease liability, Current portion of operating lease liability, Pension and other postemployment plan liabilities. "We would note M&A activity has remained elevated in security.". Teradata has made 12 acquisitions 0. Teradata's systems are highly engineered and while replacing a power supply or a disk drive should be a simple process, if something more serious fails "it can be catastrophic," our source said. All rights reserved 19982023, Funny way to describe a company that makes toilet cleaner, ChatGPT is just the beginning: CISOs need to prepare for the next wave of AI-powered attacks, Reworked use of object storage changes footing with competitors but will need to convince devs, Calls time on interactions and services with customers, including state-owned bank Sberbank, Perpetual software and hardware licenses dive in Q4, consultancy withers on vine, State-owned Sberbank's software contracts under scrutiny, Teradata also sees wings clipped in ongoing battle with German ERP giant, On-prem systems hold advantages in terms of known costs, say insiders, Amazon Web Services (AWS) Business Transformation, Can Teradata avoid being grounded by on-prem legacy? endstream endobj startxref In the note, RBC analysts added that private-equity deals are more likely to be all-cash, given that debt is becoming harder to raise. Each of our non-GAAP measures do not have a uniform definition under GAAP and therefore, Teradatas definition may differ from other companies definitions of these measures. "It's like you've got a team that looks after space rockets and a team that looks after Formula One cars. Why it's an acquisition target: RBC and other analysts have seen Dropbox as a potential acquisition target for a while. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Large companies look to score tools at a discount while private-equity firms also eye takeovers. PDF Teradata Reports Fourth-Quarter and Full-Year 2021 Financial Results This release contains forward-looking statements within the meaning of Section 21E of the Securities and Exchange Act of 1934. hX[o+|LP}"/MbNi 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. Teradata is the connected multi-cloud data platform for enterprise analytics, solving data challenges from start to scale. We delivered strong results, driving more than 90% growth in public cloud ARR and significantly growing new cloud customers. Teradata reports its results in accordance with GAAP. Teradata Stock: Snowflake On A Budget? - Forbes For the year, Teradata grew its sales 4% to $1.9 billion (but with 12% growth in recurring revenue), added 640 basis points to its gross margin (now 61.9%), and reported $1.30 per share -- GAAP -- on the bottom line. I am proud of our team's steadfast focus on execution and operational excellence that enabled us to meet or beat every element of our Additionally, private-equity firms will likely continue snapping up public cloud-software companies and taking them private while prices are low, according to analysts. -- Teradata (NYSE: TDC ) today announced its fourth-quarter and full- year 2021 financial results. Who could acquire it: Another cloud or software company. The company has made a few small acquisitions of it own as it looks to expand beyond video conferencing into a video-communications platform. Forward-looking statements in this release include our 2022 first quarter and full year financial guidance and share repurchase plans. hbbd``b` @d@nig7 A,) SG $cD7,#&0 @L X Why it's an acquisition target: Splunk got a new CEO earlier this year as it undergoes a transition from more traditional on-premise software sales to cloud subscriptions. The Companys full-year 2020 GAAP marginal effective tax rate included $3 million of tax expense related to tax contingencies pursuant to FIN 48. IBM Takes Over Teradata - NexusDataServer.com All of which positions us to achieve over $1 billion in Cloud ARR(1) and approximately $550 million in free cash flow(2) in fiscal 2025 and deliver significant long-term value to our shareholders.. Why it's an acquisition target: Teradata has. As described below, the Company believes that free cash flow is a useful non-GAAP measure for investors. 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 is the connected multi-cloud data platform for enterprise analytics company. In 2018, TDC removed $66 million (42% of non-GAAP net income) in stock-based compensation. Teradata Reports Fourth-Quarter and Full-Year 2021 Financial Results CONDENSED CONSOLIDATED STATEMENTS OF INCOME, (in millions, except per share amounts - unaudited), CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS, CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. "We wonder if Dropbox would be better off as part of a larger technology platform, given we believe content management could be more valuable once integrated and cross-sold with other collaboration solutions," RBC analysts wrote. 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. A relatively small bunch were retained after some customers complained, said one insider, but even they are now expected to leave the organisation at the end of this month. "Now Teradata has decided to sell the problem to IBM," added one of the insiders. Yankees Option Franchy Cordero - MLB Trade Rumors Why Teradata Stock Just Rocketed 24% | The Motley Fool Non-GAAP diluted EPS is expected to be in the range of $1.82 to $1.92. What it does: New Relic makes cloud-based software to help websites and applications track how their servers are performing and make sure they're running without interruptions. 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 . To make the world smarter, happier, and richer. jennifer.donahue@teradata.com. Teradata has been caught between conflicting demands of investors impatient to see it execute a cloud-first strategy, and customers uncertain about how highly optimised concurrent queries will work in the cloud. 3. Teradata has invested in multiple sectors such as MarketingTech, Big Data Infrastructure, AdTech and more. What it does: Qualys is a cybersecurity company and makes software for cloud security, compliance, and vulnerability-management solutions. christopher.lee@teradata.com Our enterprise analytics solve business challenges from start to scale. Why it's an acquisition target: The industry has long thought of Box as an acquisition target. Cloud-native warehouses get around the concurrency problem by spinning up new warehouse instances, but that can leave users dealing with the cost of unplanned demand on cloud services. Acquisition, integration, reorganization related, and other costs, Amortization of acquisition-related intangible assets. PDF Teradata Reports Fourth-Quarter and Full-Year 2021 Financial Results This includes machine upgrade and machine migration, as well as software support, such as upgrades or specific patches. That would make it an interesting candidate for a private-equity firm who wants to invest in cloud-data analytics, they wrote. What happened was that foreign hackers, who some top US officials believe are from Russia, were able to use the hack to spy on private companies like the elite cybersecurity firm FireEye and the upper echelons of the US government, including the Department of Homeland Security and the Treasury Department. 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. 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. "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. For GAAP purposes, this is a component of the marginal rate and is recognized as tax benefit or expense based on the Companys reported GAAP pre-tax income or loss for the quarter. Thoma Bravo acquired Anaplan, which makes similar tools for accounting and financial management, in June in an all-cash transaction valued at about $10.4 billion. Teradata acquires Aprimo, a global leader in cloud-based integrated marketing software. 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. Why it's an acquisition target: The space Sumo Logic operates in is competitive, so despite the company being in a good position to accelerate growth, it could benefit from joining forces with a larger player, RBC analysts wrote. 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. Speaking to The Register earlier this year, Teradata CEO Steve McMillan argued the company's heritage in on-prem systems offers users the ability to optimise workloads in the cloud for cost. Total ARR is expected to grow at a mid-to-high-single-digit percentage year-over-year. "Over the course of the last year, we have embarked on a journey to cloud-first and today . Including the income tax effect assists investors in understanding the tax provision associated with those adjustments and the effective tax rate related to the underlying business and performance of the Companys ongoing operations. "We think Splunk is too good a business/asset to trade where it is and believe the work undergone from a product and go-to-market perspective, along with a new CEO should position the company as a good investment going forward with good execution," RBC analysts wrote. Sharwil Avocado Australia, Is Bangkok Red Light District Safe, Chicago Police Academy Start Dates 2022, Articles T
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