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Teradata stock jumps as Q2 results top expectations, raises year profit view


Venerable Big Data company Teradata this afternoon reported Q2 revenue and profit that both topped Wall Street's expectations, and hiked its year profit outlook above Wall Street consensus as well. The report sent Teradata shares up 5% in late trading. CEO Steve McMillan noted that the company "delivered year-over-year growth in Q2 '21 across key metrics including public cloud ARR, recurring revenue, profitability and free cash flow. Added McMillan, "We are executing on our cloud-first plan, winning new customers and expanding existing customers as we build on our position as the connected multi-cloud data platform for enterprise analytics. "Our unrivalled [sic] data management capabilities across multi-cloud and on-premises environments are what customers need today, and we are continuously innovating to address tomorrow's needs. Taken together, we are confident in our strategy for profitable growth as we continue to generate significant shareholder value."

Teradata soars after pre-announcing Q1 revenue, EPS above expectations, higher-than-expected cloud revenue


Venerable Big Data company Teradata this afternoon pre-announced for its Q1 results, raising its outlook for profit above its prior outlook, and above what analysts have been modeling, and indicating its revenue will be higher than expected as well. The report sent Teradata shares soaring by almost 30% in late trading. The company said in prepared remarks, "During the first quarter of fiscal 2021, the Company performed strongly across all its revenue categories, resulting in total revenues being comparable to the fourth quarter of fiscal 2020, rather than lower on a sequential basis but higher than the prior year period per the previous guidance." Revenue in Q4 had been $491 million. Ergo, if this quarter's revenue is comparable, it is higher than the $449 million the Street has been modeling.

Splunk shares rise as fiscal Q2 results top expectations, ARR growth tops forecast


Data analytics pioneer Splunk this afternoon reported fiscal Q2 revenue and profit that both topped Wall Street's expectations, and an outlook for the current quarter's revenue that was in line with consensus . The report sent Splunk shares up almost 4% in late trading. CEO Doug Merritt remarked that the "team delivered another strong quarter, validating the high strategic value we deliver to the world's largest and most dynamic organizations." Added Merritt, "We doubled the number of customers with Cloud ARR of $1 million dollars or more as workloads and data continue to shift to cloud. "Our second quarter execution was broad-based with each of our major geographic regions exceeding our own expectations as more and more customers around the world rely on Splunk and our market-leading data platform and cloud-based capabilities." CFO Jason Child, noting the company's growth in annualized recurring revenue, remarked, "We outperformed in the first half of the year and are well-positioned heading into the second half.

CrowdStrike posts solid Q1 as customers seek to protect remote workers


CrowdStrike on Tuesday reported better-than-expected first quarter financial results, as organizations tapped its cloud-native cybersecurity products to protect workers kept at home during the COVID-19 pandemic. Shares were up in after-hours trading. The company's Q1 non-GAAP net income was $4.5 million, compared to a loss of $22.1 million in the first quarter of fiscal 2020. Non-GAAP net income per share was 2 cents, compared to a loss of 47 in the first quarter of fiscal 2020. Total revenue was $178.1 million, an 85 percent year-over-year increase.

CrowdStrike beats Q2 estimates with tailwinds from remote work, cloud trends


CrowdStrike published second quarter financial results on Wednesday, beating market expectations thanks to ongoing distributed work trends and the move to cloud. Non-GAAP net income per share was 3 cents on revenue of $199 million, an 84 percent increase year-over-year. Analysts were expecting a net loss of 1 cent per share on revenue of $188.54 million. "CrowdStrike's strong momentum continued into the second quarter with net new ARR reaching a new record and exceeding $100 million," CEO George Kurtz said in a statement. "A favorable competitive environment and strong secular tailwinds are fueling our growth. Organizations are shedding outdated systems and accelerating their move to modern cloud-native technologies to meet the demands of today's threat landscape. Furthermore, as organizations adapt to the new distributed workforce paradigm, it has become clear that the endpoint is the new security perimeter and the complex patchwork of legacy solutions is inadequate in this new environment."