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Teradata's AI-Driven Growth Beats Expectations
Description
Teradatas Q1 earnings surpassed expectations, with revenue of $444M and adjusted EPS of $0.88, driven by strong demand for AI-powered analytics platform. Recurring revenue hit $1.49B, up 3.5% YoY, fueled by upfront term licenses. Billings surged 12.7% to $515M. Despite missing analysts revenue projections for Q2, Teradata maintained full-year EPS guidance of $2.60. The company is focusing on AI tool adoption and defending margins amidst revenue swings and currency issues.
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