Teradata now sees GAAP earnings for the quarter of between 45 cents and 47 cents a share, ahead of its previous guidance range of 11 cents to 13 cents. Teradata now expects adjusted earnings of 67 cents to 69 cents a share, revised from a previous forecast of 38 cents to 40 cents. The company also said public-cloud annual recurring revenue growth in the quarter should be up between $16 million and $18 million, ahead of its previous forecast of $10 million to $15 million.

The company said revenue in the quarter will be comparable to the $491 million reported in the 2020 fourth quarter, well ahead of the Street consensus at $449 million. The company said it saw strength “across all its revenue categories.”

Teradata said it expects cash flow from operations in the quarter of at least $105 million, with free cash flow of at least $100 million.

This is the second straight quarter that Teradata shares have skyrocketed on better-than-expected financial results. In one four-day stretch in February after the company last reported earnings, the stock nearly doubled from $27 to almost $54, again driven by signs of success in Teradata’s push into the cloud.

Corrections & Amplifications

Teradata had revenue of $491 million in the fourth quarter of 2020. An earlier version of this article had said it was $495 million.

Write to Eric J. Savitz at eric.savitz@barrons.com