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Teradata (TDC) FY2024 results: revenue $1.8 billion, down 4.5% on the year

Teradata Corp. (TDC) reported revenue of $1.8 billion for fiscal 2024, the year ended 31 December 2024, down 4.5% on the year before. Net income was $114 million, up 83.9%, and diluted earnings per share $1.16. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2025.

Revenue
$1.8 billion
-4.5% on the year
FY2017FY2024
Operating margin
11.9%
10.1% a year earlier
FY2017FY2024
Net income
$114 million
+83.9% on the year
FY2017FY2024
Diluted EPS
$1.16
+90.2% on the year
FY2017FY2024

this yearthe year beforeHover a bar for its figure.

The year in brief

The four quarters: Q1 FY2024 · Q2 FY2024 · Q3 FY2024 · Q4 FY2024

Income statement (profit and loss)

$ millionFY2024FY2023FY2022On the yearLast 8 years
Revenue1,7501,8331,795-4.5%
Cost of revenue692718714-3.6%
Gross profit1,0581,1151,081-5.1%
Gross margin60.5%60.8%60.2%
Research and development284294313-3.4%
Selling, general and administrative565635650-11.0%
Operating income209186118+12.4%
Operating margin11.9%10.1%6.6%
Interest expense29.030.024.0-3.3%
Pre-tax income16411767.0+40.2%
Income tax50.055.034.0-9.1%
Effective tax rate30.5%47.0%50.7%
Net income11462.033.0+83.9%
Net margin6.5%3.4%1.8%
Diluted EPS$1.16$0.61$0.31+90.2%
$ million except per share.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ millionFY2024FY2023FY2022On the yearLast 8 years
Operating cash flow303375419-19.2%
Capital expenditure24.019.014.0+26.3%
Free cash flow279356405-21.6%
Free cash flow margin15.9%19.4%22.6%
Cash from investing-32.0-49.0-18.0
Cash from financing-306-383-381
Depreciation and amortisation100116134-13.8%
Share-based compensation119126126-5.6%
Buybacks215308387-30.2%
Diluted shares, weighted98m102m106m-4.1%
Shares outstanding at period end95m98m101m-2.9%

Balance sheet

$ millionFY2024FY2023FY2022On the yearLast 8 years
Shareholders' equity133135258-1.5%
Debt480499498-3.8%
Operating lease liabilities5.06.010.0-16.7%
Finance lease liabilities30.063.054.0-52.4%
Other liabilities1,0561,1701,202-9.7%
Total liabilities and equity1,7041,8732,022-9.0%
Goodwill394398390-1.0%
Intangible assets46.068.092.0-32.4%
Cash and equivalents420486569-13.6%
Receivables234286364-18.2%
Inventory18.013.08.0+38.5%
Other assets592622599-4.8%
Total assets1,7041,8732,022-9.0%

10-K for the year ended 31 December 2024, filed 21 February 2025: the filing.