| Abstrakt: |
Teradata Corp. (NYSE: TDC) reported fourth-quarter and full-year 2019 financial results driven by an ongoing transition to a recurring revenue model. Subscription-based transactions comprised 89 percent of the company’s bookings mix in the quarter. Recurring revenue increased 7 percent, both reported and in constant currency(1), from the fourth quarter of 2018. ARR increased 9 percent, both reported and in constant currency(1), from the prior-year period. As the company shifts to a recurring revenue model and focuses its consulting resources on strategic engagements that drive increased software consumption within its targeted customer base, perpetual revenue and consulting revenue declined versus the prior-year period, as expected. Fourth-quarter total revenue was $494 million, compared to 2018 fourth-quarter total revenue of $588 million. Currency translation had a one percentage point negative impact on the fourth-quarter total revenue comparison(1). [ABSTRACT FROM PUBLISHER] |
