teradata acquisition rumors 2021

ET, after the data management specialist reported fourth-quarter 2021 earnings last night -- and beat. However, they think the overall market for IT-service management will consolidate over time, and N-Able is one company that a private-equity firm could acquire as part of that trend. February 2, 2021 He Couldn't Beat Teradata. More than $1 billion in Cloud ARR, representing over 50% in total ARR in fiscal 2025, Approximately $550 million free cash flow in fiscal 2025, Low 20% non-GAAP operating margin in fiscal 2025, Implementing a returns-based capital return program of at least 50% of free cash flow annually through fiscal 2025, At least 70% growth in Cloud ARR year-over-year, Non-GAAP diluted net earnings per share in the range of $1.60 to $1.70, Free cash flow of approximately $400 million, Public cloud ARR is expected to increase by at least 100% year-over-year, Total ARR is expected to grow at a mid-to-high-single-digit percentage year-over-year. What it does: Fastly makes content-delivery network, or CDN, software, which helps websites and applications load faster. 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 would not surprise us to see interest from private equity, especially after the significant slowdown in growth," RBC analysts wrote. May 6, 2021. 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). "It's like you've got a team that looks after space rockets and a team that looks after Formula One cars. A person who asked to remain anonymous pointed out that while systems architects were trying to convince businesses to make the shift to the cloud, users of Teradata systems business analysts who use data to inform important company decisions were less keen. Teradata now has a total of approximately $1.3 billion authorized for share repurchases under this program. 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. Teradata has invested in multiple sectors such as MarketingTech, Big Data Infrastructure, AdTech and more. While the company is doing well financially, it's still in recovery mode from the incident. These forward-looking statements are based upon current expectations and assumptions and involve risks and uncertainties that could cause actual results to differ materially, including the factors discussed in this release and 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 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, including the impact of the COVID-19 pandemic on our customers and suppliers; risks associated with data privacy, cyberattacks and maintaining secure and effective 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 workforce and the ability to attract and retain skilled employees; protecting our intellectual property; the availability and successful exploitation of new alliance and acquisition opportunities; subscription arrangements 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 annual report on Form 10-K for the year ended December 31, 2020 and subsequent quarterly reports on Forms 10-Q, as well as the Companys annual report to stockholders. Teradata Columnar, a transformative advance in database technology that fully integrates columnar and row-based tables, launches. "We could see a PE sponsor taking the opportunity to find more low-hanging fruit in the model and finding further margin-expansion opportunities," RBC analysts wrote. Teradata is dedicated to helping enterprise businesses around the globe use data analytics to tackle the problems they face every day. Teradata Vantage is a legacy system used by many large organizations and corporates for storing data and providing it to end users. 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. 2. This is an increase from the range of $1.60 to $1.70, which was previously communicated at Teradatas Investor Day in September 2021. San Diego, CA 92127, investor.relations@teradata.com 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. 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. 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. 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. What it does: SolarWinds is an IT management software firm that makes tools to help companies manage their networks, systems, and IT infrastructure. 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. 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 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. 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. We delivered strong results, driving more than 90% growth in public cloud ARR and significantly growing new cloud customers. 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. In April, Thoma Bravo acquired SailPoint, an enterprise-security-software company, for about $6.9 billion. 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. Our enterprise analytics solve business challenges from start to scale. 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. And its pro forma number was roughly twice its predicted pro forma profit of $0.25 to $0.29 for the quarter. 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. Additional information regarding Teradatas operating results is provided below as well as on Teradatas website at investor.teradata.com. "This could make even more sense if the market consolidates up to the platform level," the analysts wrote. What it does: Qualys is a cybersecurity company and makes software for cloud security, compliance, and vulnerability-management solutions. 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. For the twelve months ended December 31, the Companys non-GAAP effective tax rate was 22.4% for 2021 and 23.2% for 2020. Internet Explorer presents a security risk. Reconciling items include stock-based compensation, capitalized software, amortization of acquisition-related intangible assets and acquisition, integration and reorganization-related items. Learn more at Teradata.com. b )j@QB H0p~f1l2f2a#y@{v"\9= ~Pf`b@?h&;@:q =! "7 endstream endobj startxref 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. 1. We look forward to delivering ongoing innovation for our customers, maintaining our ethos of strong corporate citizenship, and driving profitable growth and long-term value creation for our shareholders., Teradata is raising its 2022 outlook for public cloud ARR and EPS, as well as increasing the return of capital to shareholders, said Claire Bramley, Chief Financial Officer, Teradata. The global data warehouse stalwart made its name with tightly integrated software and hardware systems sold as analytics "appliances", but in the last two years has shifted focus to its cloud platform following fierce competition from so-called cloud-native rivals including Snowflake, AWS, Microsoft, and Google. Cash flow from operations is expected to be approximately $430 million. In particular, free cash flow indicates the amount of cash generated after capital expenditures for, among other things, investment in the Companys existing businesses, strategic acquisitions, strengthening the Companys balance sheet, repurchase of the Companys stock and repayment of the Companys debt obligations, if any. hb```&V[ eah```t``s#TN'lF[z8Y|0m Christopher T. Lee 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. However, lately it has been facing issues with customer retention after a surge in usage during the pandemic, RBC analysts said. However, Petersen really disappointed this season, getting sent down to the minors after just 10 games. What it does: Couchbase is an open-source cloud-based noSQL database, which means it can handle data that's not in a traditional SQL format. That's what sets it apart from more traditional database companies like Oracle. (Updated - December 20, 2021 5:24 AM EST) Needham & Company analyst Jack Andrews upgraded Teradata (NYSE: TDC) from Hold to Buy with a price target of $64.00. 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. View source version on businesswire.com: * Represents the income tax effect of the pre-tax adjustments to reconcile GAAP to Non-GAAP income based on the applicable jurisdictional statutory tax rate of the underlying item. "Additionally, we do believe a large back-office vendor could get interested, though we see this as less likely given SAP, Workday, and Oracle all have competing solutions.". The firm also acquired Anaplan, a business-planning-software company, for $10.7 billion in June. The Companys full-year 2020 GAAP marginal effective tax rate included $3 million of tax expense related to tax contingencies pursuant to FIN 48. 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. Note to Investors Heading into last night's report, analysts had forecast that Teradata would earn an adjusted profit of $0.27 per share on sales of $478.6 million. 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. Free cash flow is expected to be approximately $400 million. The Company's most targeted sectors include information technology (40%) and software (34%). jennifer.donahue@teradata.com. 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 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 The Motley Fool has a disclosure policy. Teradata today provided financial targets through fiscal 2025, including: For fiscal 2022, the company preliminarily estimates: Non-GAAP diluted net earnings per share in fiscal 2022 is expected to be impacted primarily by upfront recurring revenue recognized in fiscal 2021. What it does: Coupa makes software to help companies manage their spend and includes tools for financial management, accounting, and other back-office functions. As described below, the Company believes that free cash flow is a useful non-GAAP measure for investors. MEDIA CONTACT 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. This release contains forward-looking statements within the meaning of Section 21E of the Securities and Exchange Act of 1934. "2021 was an impressive year for Teradata. 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. 858-485-2523 office Late last week, IBM confirmed the country managers who will run Kyndryl when it launches later this year. SAN DIEGO-- (BUSINESS WIRE)-- Teradata (NYSE: TDC) today announced its fourth-quarter and full-year 2021 financial results. As a result of these adjustments, the Companys non-GAAP effective tax rate for the three months ended December 31, 2021 was 21% and December 31, 2020 was 26.3%. Fellow workers are not helpful, and the environment is not a collaborative, innovative, team oriented environment. Public cloud ARR is expected to increase by approximately 80% year-over-year. "In other words, we believe larger scale debt-financed private-equity takeouts could be unlikely in the near-term," RBC analysts wrote. Salesforce could be an interesting buyer, especially because it already has Slack. GAAP diluted EPS is expected to be in the range of $0.75 to $0.85. Non-GAAP diluted EPS is expected to be in the range of $0.63 to $0.67. Why it's an acquisition target: Companies like Yelp, Ticketmaster, Stripe, and Github use Fastly's technology. -- Teradata (NYSE: TDC ) today announced its fourth-quarter and full- year 2021 financial results. We look forward to delivering ongoing innovation for our customers, maintaining our ethos of strong corporate citizenship, and driving profitable growth and long-term value creation for our shareholders., Teradata is raising its 2022 outlook for public cloud ARR and EPS, as well as increasing the return of capital to shareholders, said Claire Bramley, Chief Financial Officer, Teradata. The following table reconciles Teradatas projected cash provided by operating activities under GAAP to projected free cash flow for fiscal 2021. ARR does not include managed services and third-party software. What it does: Smartsheet is a project-management tool that allows people to collaborate and automate tasks using a spreadsheet format. 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 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. Our enterprise analytics solve business challenges from start to scale. The following tables reconcile Teradatas projected EPS under GAAP to the Companys projected non-GAAP EPS for fiscal 2021, which exclude certain specified items. Reconciling items include stock-based compensation, capitalized software, amortization of acquisition-related intangible assets and acquisition, integration and reorganization-related items. 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 year 2021 financial results. 3. ET, after the data management specialist reported fourth-quarter 2021 earnings last night -- and beat analyst predictions with a stick. 858-485-2523 office This is an increase from the range of $1.60 to $1.70, which was previously communicated at Teradatas Investor Day in September 2021. They pointed to some deals that had already been done in the space like Citrix and Wrike, Adobe and Workfront, and Atlassian and Trello. What it does: Duck Creek Technologies makes cloud software for property-and-casualty-insurance companies. Total ARR is expected to grow at a mid-to-high-single-digit percentage year-over-year. Teradata is the connected multi-cloud data platform for enterprise analytics company. Teradata (NYSE: TDC) today announced its fourth-quarter and full-year 2021 financial results. "Now Teradata has decided to sell the problem to IBM," added one of the insiders. 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. GAAP diluted EPS is expected to be in the range of $0.75 to $0.85. 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. Company Mergers, Acquisitions, & JVs; . 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. 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. The company has spent over $ 808M for the acquisitions. What it does: Splunk makes software for IT professionals that sift through and analyze enormous amounts of performance and system data in their networks. Teradata is the connected multi-cloud data platform for enterprise analytics company. Teradata has acquired in 4 different US states, and 4 countries. Read Full Review 5.0 Feb 2, 2023 Review Source: Product: Teradata Vantage Perspective by experience. 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. This release contains forward-looking statements within the meaning of Section 21E of the Securities and Exchange Act of 1934. What it does: Teradata makes software for cloud databases and analytics. SAN DIEGO--(BUSINESS WIRE)--Teradata (NYSE: TDC) today announced its fourth-quarter and full-year 2021 financial results. The Companys full-year 2020 GAAP marginal effective tax rate included $3 million of tax expense related to tax contingencies pursuant to FIN 48. CONDENSED CONSOLIDATED STATEMENTS OF INCOME, (in millions, except per share amounts - unaudited), CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS, CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS. 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. That likely makes the company a target for private-equity firms. "We think the company has made good progress on its cloud transition, and as such, it could represent an interesting acquisition candidate for a large vendor or PE shop that wants to get deeper into cloud analytics," RBC analysts wrote. About Teradata hX[o+|LP}"/MbNi 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 . At the Investor Day event, Teradatas new leadership team outlined its three foundational cornerstones for long-term growth and value creation: Continued Strong Financial Performance Through Fiscal 2025 and Beyond. Rich Smith has no position in any of the stocks mentioned. 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. Jennifer Donahue Why it's an acquisition target: Teradata has been in the process of transitioning to the cloud, and has so far been successful, RBC analysts wrote. 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. This release contains forward-looking statements within the meaning of Section 21E of the Securities and Exchange Act of 1934. ARR does not include managed services and third-party software. About Teradata Teradata also today reaffirmed its outlook for fiscal 2021, which was previously provided in its second-quarter 2021 financial results press release issued on August 5, 2021: To access the replay of todays virtual Investor Day event and presentation materials, visit the investor relations page of Teradatas website at https://investor.teradata.com. SAN DIEGO--(BUSINESS WIRE)-- 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. "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. 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. 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. ARR does not include managed services and third-party software. Teradata (NYSE: TDC) highlighted the Companys successful cloud-first transformation and ongoing strategic initiatives to deliver sustainable growth and value creation at its Investor Day held virtually today. We delivered strong results, driving more than 90% growth in public cloud ARR and significantly growing new cloud customers. 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. Note to Investors Invest better with The Motley Fool. Access to the conference call, as well as a replay of the conference call, is available on Teradatas website at investor.teradata.com. Making the world smarter, happier, and richer. Only Teradata gives you the flexibility to handle the massive and mixed data workloads of the future, today. endstream endobj 10088 0 obj <>/Metadata 138 0 R/Outlines 150 0 R/Pages 10083 0 R/StructTreeRoot 167 0 R/Type/Catalog>> endobj 10089 0 obj <>/ExtGState<>/Font<>/XObject<>>>/Rotate 0/StructParents 0/Tabs/S/Type/Page>> endobj 10090 0 obj <>stream Teradata declined the opportunity to deny hardware support was being transferred to IBM. "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: Duck Creek Technologies has seen slowing growth in recent quarters, likely due to increased competition from smaller companies, RBC analysts said.
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