Teradata Corp. (TDC) Stock Enjoying an Outstanding Aftermarket, Here’s the Reason

Teradata Corp. (TDC), a hybrid cloud analytics software provider, has gained an increase of 6.88% in aftermarket trading session and consequently is trading at $43.05 at the time of the writing. During Monday’s regular trading session, the stock declined by 3.61% and closed the day at $40.28. TDC surge in aftermarket could be attributed to positive quarterly results.


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TDC Q4 2021 Results

In the late hours of Monday, TDC released the results for the 4th quarter of fiscal 2021. The quarter came to end on 31st December 2021. The total revenue for the three months was $475 million against $491 million for the same period of 2020. The income from the operations was calculated as $50 million against $13 million for the same period of 2020. The net income was $33 million (or the basic and diluted income of $0.31 and $0.29 respectively) against $5 million (or net income of $0.05 and $0.04 per basic and diluted share respectively) for the Q4 of fiscal 2020.

Outlook for Q1 and FY2022

TDC also released the financial guidance for Q1 and FY 2022. For the first quarter, the expected GAAP diluted EPS was between the range of $0.35 to $0.39, while the non-GAAP diluted EPS is expected to fall in the range of $0.63 to $0.67. For the full year 2022, the company expected the total revenues to grow by a single-digit percentage on a year-over-year basis. The GAAP diluted EPS for the FY2022 is expected to be in the range of $0.75 to $0.85, while the non-GAAP diluted EPS is expected to be in the range of $1.82 to $1.92.

Executive Commentary

Steve McMillan, President, and CEO of TDC, while commenting on the results said that 2021 has proven to be an outstanding year for the company. Looking forward, the company expects to deliver the same or even better performance during the fiscal year 2022, backed by its innovation for the customers, the maintenance of ethos corporate citizenship, and long-term value creation.

Future Outlook for TDC

The statistics for the last three months reveal that TDC stock has declined by approximately 17%. Looking ahead, the analysts believe that the stock holds several negative technical indicators at this point, and hence, is expected to perform poorly in the next couple of weeks.

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