Here is why Teradata Corporation (TDC) stock rallied in the after-market on Wednesday, April 21?

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GILD Stock
GILD Stock

Teradata Corporation (TDC) stock surged 32.90% in the extended trading hours on Wednesday, April 21, 2021. Earlier TDC gained 2.92% in the normal trading and closed at $39.88 per share. DC shares have risen by 82.43% over the last 12 months, and they have moved up by 1.30% in the past week. Over the past three months, the stock has gained 54.39%, while over the past six months, it has surged 82.52%.

Let’s check out TDC recent developments.


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Preliminary financial results announcement

on April 21, 2021, Teradata Corporation (TDC) announced preliminary financial results for its first quarter of fiscal 2021 ended March 31, 2021. Teradata will release full financial results for the first quarter of fiscal 2021 after the market closes on Thursday, May 6, 2021.

Key highlights are

  • Teradata Corporation announced GAAP earnings of $0.45 to $0.47 per diluted share in Q1 2021.
  • Adjusted GAAP earnings of $0.22 per diluted share in Q1 2021.
  • Non-GAAP earnings of $0.67 to $0.69 per diluted share in Q1 2021.

Leadership award for Teradata

On March 24, 2021, Teradata Corporation won the leadership award in The Forrester Wave™, Cloud Data Warehouse, Q1 2021 by Forrester Research.

13 vendors in the Cloud Data Warehouse market were analyzed by Forrester and scored according to 26 criteria.

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New SVP and GM Cloud appointment

On March 2, 2021, Teradata Corporation appointed Barry Russell as senior vice president, business development, and general manager of Cloud, effective immediately. Russell will be reporting directly to Steve McMillan, President, and CEO.

Teradatajoinedopen manufacturing platform

On February 23, 2021, Teradata announced to join the Open Manufacturing Platform (OMP). OMP is a platform built by BMW Group and Microsoft to drive industrial IoT developments and build future Industry 4.0 solutions in the manufacturing and automotive sector.

Teradata’s potential data will help manufacturers to accelerate innovation and production efficiencies across the entire value chain.

Hertz chose Teradata cloud service

On February 9, 2021, Hertz Corporation selected Teradata Vantage in the cloud-delivered as-a-service, on Amazon web services.

The Hertz Corporation will be able to manage its complex, global inventory easily and at a fast pace to provide the best customer service and financial performance across its organization.

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Conclusion

The stock surged because the preliminary financial results announced yesterday exceeds the previously provided guidance for Q1 2021. The company performed exceptionally well and we can expect that TDC stock price can further go up in the coming days.

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