, The Register Biting the hand that feeds IT, Copyright. That would make it an interesting candidate for a private-equity firm who wants to invest in cloud-data analytics, they wrote. What happened was that foreign hackers, who some top US officials believe are from Russia, were able to use the hack to spy on private companies like the elite cybersecurity firm FireEye and the upper echelons of the US government, including the Department of Homeland Security and the Treasury Department. Teradata Highlights its New Strategy and Plan to Deliver Sustainable Growth and Value Creation September 9, 2021 Presents Long-Term Financial Growth Targets, Including More Than $1 Billion in Cloud Annual Recurring Revenue (ARR) and Approximately $550 Million in Free Cash Flow in Fiscal 2025 Reaffirms Fiscal 2021 Financial Outlook Teradata Highlights its New Strategy and Plan to Deliver Sustainable Growth and Value Creation Presents Long-Term Financial Growth Targets, Including More Than $1 Billion in Cloud Annual. MEDIA CONTACT They're both ruinously complicated, but there is no crossover at all," one source said. It seems the deal may be multi-territory as The Register has seen documents indicating IBM is answering tickets on behalf of Teradata in Europe. This release contains forward-looking statements within the meaning of Section 21E of the Securities and Exchange Act of 1934. GAAP diluted EPS is expected to be in the range of $0.35 to $0.39. That gives the company an interesting view on how quickly companies are transitioning to the cloud, which would make it a valuable acquisition for a large IT company, RBC analysts said. Your personal information will be collected, stored, and processed in accordance with the Teradata Global Privacy Policy. A conference call is scheduled for today at 2:00 p.m. PT to discuss the Companys fourth-quarter and full-year 2021 results, and provide a business and financial update. View source version on businesswire.com: "It's like you've got a team that looks after space rockets and a team that looks after Formula One cars. "With a strong margin profile but still in recovery from the prior cyber-attack, we think SWI could be an interesting PE candidate for a firm that could leverage a growing SaaS portfolio, unique low-touch sales model and high margins," RBC analysts wrote. Teradata is the connected multi-cloud data platform for enterprise analytics company. Over the course of the last year, we have embarked on a journey to cloud-first and today, we are a new, reimagined Teradata a profitable growth company with the right strategy, technology and team to win in a large and growing market, said Steve McMillan, Teradata President and CEO. Only Teradata gives you the flexibility to handle the massive and mixed data workloads of the future, today. On November 1, 2021, Teradata's Board of Directors authorized an additional $1 billion to be utilized to repurchase Teradata common stock under its open market share repurchase program. Teradata reports its results in accordance with GAAP. Our enterprise analytics solve business challenges from start to scale. While many companies were making public announcements declaring their adoption of cloud-native data warehouse systems, they were keeping on-prem systems such as Teradata up and running for the time being. Our non-GAAP measures are not meant to be considered in isolation to, as substitutes for, or superior to, results determined in accordance with GAAP, and should be read only in conjunction with our condensed consolidated financial statements prepared in accordance with GAAP. Only Teradata gives you the flexibility to handle the massive and mixed data workloads of the future, today. Public cloud ARR is expected to increase by approximately 80% year-over-year. Learn more at Teradata.com. As described below, the Company believes that free cash flow is a useful non-GAAP measure for investors.