On February 07, Teradata Corp. (TDC) declared its financial results for the fourth quarter and fiscal 2021. Consequently, the stock rebounded in the after-hours on Monday.

During the regular trading session, the stock varied between a value of $42.68 and $40.15. TDC closed the session at $40.28 with a loss of 3.57% at the above-average volume of 1.55 million. Following the earnings release, the stock rebounded to add 6.88% in the after-hours. Hence, TDC was trading at $43.05 per share value in the after-hours on Monday.

The cloud data analytics company, Teradata Corp. was founded in 1979. Currently, the company has a market capitalization of $4.53 billion with its 108.5 million shares outstanding. TDC stock has lost 5.16% year to date while it suffered a loss of 16.52% last year.

TDC’s Q4 2021 Highlights

In the fourth quarter of 2021, the company had total revenue of $475 million, against $491 million in Q4 2020. Thus, showing a decline of 3% YOY.

Moreover, TDC had a non-GAAP diluted EPS of $0.57 in Q4 2021, against $0.38 in the year-ago period.

Additionally, public cloud ARR went up by 91% YOY to $202 million and ARR by 5% to $1.492 billion in the quarter.

The full Year 2021 Highlights

For the full year 2021, the company reported total revenue of $1.917 billion, against $1.836 billion in fiscal 2020. Therefore, marking a YOY growth of 4%.

Furthermore, the company reported a non-GAAP diluted EPS of $2.43 for fiscal 2021, against $1.31 in the previous year.

In addition, in fiscal 2021, the free cash flow was $432 million, compared to $216 million in the previous year.

TDC’s Future Outlook

The company revised its non-GAAP diluted EPS for fiscal 2022 to be between $1.82 and $1.92 against the previous $1.60 and $1.70.

Further, TDC expects public cloud ARR to grow approximately 80% YOY in fiscal 2022, against the previous 70%.

The company also provided a guidance range of $0.63 to $0.67 for its Q1 2022 non-GAAP diluted EPS.

Microsoft Partnership

On February 02, the company announced a global partnership with Microsoft. Under the partnership, the companies will integrate the Teradata Vantage data platform with Microsoft Azure. This integration will deliver customers the low-risk migration path to modernize data analytics on Vantage and Azure. Along with this, it will also provide a connected solution for tackling complex analytics scenarios.

Conclusion

While the company’s revenue did go down YOY but the improved public cloud ARR and revised better guidance impressed the investors. Hence, the stock saw an upsurge in the after-hours on Monday.