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● ● ● ● teradata . INVESTOR CONTACT Christopher T. Lee 858-485-2523 office christopher.lee@teradata.com MEDIA CONTACT Jennifer Donahue 858-485-3029 office jennifer.donahue@teradata.com Teradata Reports Third Quarter 2021 Financial Results Public cloud ARR of $ 148 million , an increase of 83 % as reported from the prior year period ( ¹ ) Recurring revenue of $ 352 million , an increase of 7 % as reported from the prior year period Recurring revenue was 77 % of total revenue in the third quarter , up from 72 % in the prior year period GAAP earnings per diluted share of $ 0.15 , above the previously provided outlook range of ( $ 0.01 ) to $ 0.03 Non - GAAP earnings per diluted share of $ 0.43 , above the previously provided outlook range of $ 0.30 to $ 0.34 ( 3 ) Cash from operations of $ 33 million and free cash flow of $ 23 million ( ² ) Incremental $ 1 billion share repurchase authorization for open market share repurchases until the end of 2025 SAN DIEGO - November 4 , 2021 -- Teradata ( NYSE : TDC ) today announced its third - quarter 2021 financial results . " In the third quarter , we met or exceeded revenue and profitability expectations while advancing our transformation , " said Steve McMillan , President and CEO , Teradata . " We have a substantial cloud business and a very healthy annualized growth rate . We saw a handful of transactions slip out of the last day of the quarter , slightly impacting Q3 Public Cloud ARR growth ; however , I am pleased that we have now closed the gap in October . " " The world relies on connected data , and our connected data platform uniquely delivers insights to help the leading companies win with all their data . We are continuing to innovate , we are beating the competition , and delivering exceptional value to our customers . With our robust pipeline , we are confident in delivering a solid close to 2021 , and ever greater value to our shareholders . " Third - Quarter 2021 Financial Highlights compared to Third Quarter 2020 Total ARR increased 7 % as reported ( 6 % in constant currency ( ¹ ) ) to $ 1.437 billion from $ 1.348 billion . 1 Public cloud ARR increased 83 % as reported ( 82 % in constant currency ( ¹ ) ) to $ 148 million from $ 81 million .