teradata acquisition rumors 2021

"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. The acquisition is a milestone in the execution of the Teradata world-class applications business. Given that, it would make sense for a larger company to look into acquiring Zoom. UPDATE: Needham & Company Upgrades Teradata (TDC) to Buy MEDIA CONTACT To more accurately reflect the impact of the expense on a quarterly basis for non-GAAP purposes, the $3 million of tax expense was recognized ratably each quarter in 2020 instead of being included in the marginal effective rate. 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. Teradata Reviews, Ratings & Features 2023 | Gartner Peer Insights To make the world smarter, happier, and richer. News and Press Releases | Teradata Don't Buy Teradata's Turnaround Story - Forbes 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. Teradata reports its results in accordance with GAAP. 10107 0 obj <>/Filter/FlateDecode/ID[]/Index[10087 45]/Info 10086 0 R/Length 96/Prev 250981/Root 10088 0 R/Size 10132/Type/XRef/W[1 2 1]>>stream The Companys GAAP effective tax rate for the three and twelve months ended December 31, 2020, includes a net $9 million income tax benefit resulting from the CARES Act of 2020, which allows US corporations a one-time opportunity to claim income tax refunds by allowing a 5-year net operating loss (NOL) carryback for taxable losses incurred in the tax year 2020. 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. 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. Teradata Highlights its New Strategy and Plan to Deliver Sustainable Growth and Value Creation Presents Long-Term Financial Growth Targets, Including More Than $1 Billion in Cloud Annual. What it does: Smartsheet is a project-management tool that allows people to collaborate and automate tasks using a spreadsheet format. Why The Valuation Gap Could Narrow Let . "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. , The Register Biting the hand that feeds IT, Copyright. GAAP profits are predicted to range from $0.75 to $0.85 -- much weaker than in 2021. Director (Former Employee) - San Diego, CA - December 22, 2021. SAN DIEGO--(BUSINESS WIRE)--Teradata (NYSE: TDC) today announced its fourth-quarter and full-year 2021 financial results. The company has made a few small acquisitions of it own as it looks to expand beyond video conferencing into a video-communications platform. 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. Your privacy is important. Total revenue is expected to be flat-to-low-single-digit percentage growth year-over-year. To more accurately reflect the impact of the expense on a quarterly basis for non-GAAP purposes, the $3 million of tax expense was recognized ratably each quarter in 2020 instead of being included in the marginal effective rate. 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. IBM Takes Over Teradata - NexusDataServer.com 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. year 2021 financial results. Teradata has invested in multiple sectors such as MarketingTech, Big Data Infrastructure, AdTech and more. That gives the company an interesting view on how quickly companies are transitioning to the cloud, which would make it a valuable acquisition for a large IT company, RBC analysts said. Teradata Corporation - Teradata Highlights its New Strategy and Plan to It has the power of cloud storage along with good querying capacity to retrieve data for customized analytics. christopher.lee@teradata.com You must click the link in the email to activate your subscription. SAN DIEGO-- (BUSINESS WIRE)-- Teradata (NYSE: TDC) today announced its fourth-quarter and full-year 2021 financial results. The forward-looking statements included in this release are made as of September 9, 2021, and 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. 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. Cash flow from operations is expected to be approximately $430 million. CONDENSED CONSOLIDATED STATEMENTS OF INCOME, (in millions, except per share amounts - unaudited), CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS, CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS. 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. "A larger strategic vendor could deploy more capital than Couchbase could as an independent vendor to target a large and growing opportunity similar to MDB," RBC analysts wrote. Only Teradata gives you the flexibility to handle the massive and mixed data workloads of the future, today. The Company's most targeted sectors include information technology (40%) and software (34%). 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. PDF Teradata Reports Fourth-Quarter and Full-Year 2021 Financial Results 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. "We still believe ZM has best-in-class video conferencing technology, the potential to become a larger platform, and an attractive financial profile," RBC analysts wrote. That's why RBC analysts think it would be a target for a private-equity firm to acquire. Teradata is the connected multi-cloud data platform for enterprise analytics company. 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. The one-time tax benefit for this intra-entity asset transfer of $157 million was recorded as a deferred tax asset for GAAP reporting purposes in the first quarter of 2020 but was excluded from Non-GAAP results. Public cloud ARR increased to $202 million from $106 million, an increase of 91% as reported and 92% in constant currency . 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. Who could acquire it: Another cloud or software company. "Going private could be the right move for it to better manage its turnaround path back to market growth," 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. 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. The attack went undetected for months, according to a Reuters report. Teradata Highlights its New Strategy and Plan to Deliver Sustainable Teradata (NYSE: TDC) today announced its fourth-quarter and full-year 2021 financial results. Teradata now has a total of approximately $1.3 billion authorized for share repurchases under this program. Jennifer Donahue 858-485-2523 office 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. Additionally, Coupa's stock has fallen in recent months, making it cheaper for any potential acquirer. Teradata has acquired in 4 different US states, and 4 countries. 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. In April, Thoma Bravo acquired SailPoint, an enterprise-security-software company, for about $6.9 billion. 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%. 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. 10087 0 obj <> endobj For the twelve months ended December 31, the Companys non-GAAP effective tax rate was 22.4% for 2021 and 23.2% for 2020. Learn More. Our enterprise analytics solve business challenges from start to scale. Invest better with The Motley Fool. Non-GAAP diluted EPS is expected to be in the range of $0.63 to $0.67. ARR does not include managed services and third-party software. 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: Fastly makes content-delivery network, or CDN, software, which helps websites and applications load faster. Total revenue is expected to be flat-to-low-single-digit percentage growth year-over-year. RBC analysts wrote that New Relic has long been an acquisition target and that going public would be beneficial for the business in the long-term. Over the course of the last year, we have embarked on a journey to cloud-first and today, we are a new, reimagined Teradata a profitable growth company with the right strategy, technology and team to win in a large and growing market, said Steve McMillan, Teradata President and CEO. Access to the conference call, as well as a replay of the conference call, is available on Teradatas website at investor.teradata.com. 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. Free cash flow is expected to be approximately $400 million. 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. 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. After submitting your information, you will receive an email. Your personal information will be collected, stored, and processed in accordance with the Teradata Global Privacy Policy. analysts and experts expect to see more consolidation, Adobe executives announced the company is acquiring the beloved design startup Figma, its stock has fallen back to pre-2020 levels, were rumors it was pursuing a sale amid the pressure, investment from the private-equity firm KKR. 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. 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. 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 Mergers and Acquisitions Summary | Mergr Total ARR is expected to grow at a mid-to-high-single-digit percentage year-over-year. 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. 2011. Aug 23, 2021 4 min read IBM Takes Over Teradata Updated: Sep 16, 2022 The Teradata announcement of outsourcing maintenance agreements to IBM shocked the Teradata community. May 6, 2021. Our enterprise analytics solve business challenges from start to scale. "If you don't give them something that's at least as good with a low disruption to make the transition, then just forget it," our source said. What it does: Teradata makes software for cloud databases and analytics. Multiple sources told us Teradata's customer service field support team, which has shrunk in recent years, were mostly given their marching orders. Why it's an acquisition target: Coupa would be an interesting acquisition for a private-equity firm because "back-office software vendors" are in high demand, RBC analysts wrote. Forward-looking statements generally relate to opinions, beliefs, and projections of expected future financial and operating performance, business trends, and market conditions, among other things. Free cash flow is a non-GAAP measure. 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. Note to Investors Teradata Reports First Quarter 2021 Financial Results But after the huge 2021 beat, investors today seem willing to accept this more muted forecast for 2022. 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. ET, after the data management specialist reported fourth-quarter 2021 earnings last night -- and beat. Large companies look to score tools at a discount while private-equity firms also eye takeovers. They said Rapid7 and Varonis Systems could potentially acquire Qualys. 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. The analyst . Support for Teradata's American hardware customers was transferred to IBM's mainframe hardware support teams on 1 July. "This could make even more sense if the market consolidates up to the platform level," the analysts wrote. "Anything sub-$10 billion is more feasible for strategics in this environment," he told Insider. 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. PDF Teradata Reports Fourth-Quarter and Full-Year 2021 Financial Results "2021 was an impressive year for Teradata. 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. 1. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Fri 9 Jul 2021 // 10:45 UTC Teradata is outsourcing field-based support on both sides of the pond to IBM, much to the alarm of some customers who fear a loss of knowledge in keeping its trusted on-prem systems up and running. As described below, the Company believes that free cash flow is a useful non-GAAP measure for investors. The impact of currency is determined by calculating the prior period results using the current-year monthly average currency rates. "And could even see a traditional networking company like CSCO taking a look at FSLY.". Acquisitions by Teradata | Tracxn Why it's an acquisition target: Teradata has.

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