The 40 year-old firm Teradata published strong fourth quarter financial results on Thursday, beating market estimates thanks to its ongoing transition to a recurring revenue model. The company also reported that it closed out 2019 by doubling its cloud customers.
Non-GAAP Q4 net income was $25 million, or 22 cents per diluted share, on revenue $494 million.
Wall Street was looking for earnings of 16 cents on revenue of $474.6 million.
