Big-data stalwart Teradata Corp.’s stock gained almost 7% in after-hours trading today after it reported fourth-quarter financial results that beat expectations on earnings and missed on revenue.

The company reported a net profit of $33 million in the quarter, or 57 cents per share. Revenue rose 3% from a year ago, to $475 million. Wall Street had forecast Teradata to report earnings of just 27 cents per share on higher revenue of $477.46 million.

Teradata also reported its full-year fiscal 2021 results, posting a profit of $147 million, or $1.30 per share, on revenue of $1.92 billion, up 4%.

Teradata is often credited with being one of the companies that helped invent the concept of “big data.” It sells various database and analytics-related software, products, and services. Its flagship product is its Vantage analytics platform for business intelligence. Vantage enables workers to process data using a variety of analytics engines, from Spark to TensorFlow, and using a variety of programming languages.

In recent years, Teradata began a push to move its Vantage platform and other offerings onto major public cloud platforms such as Google Cloud Platform. Vantage is also available on Amazon Web Services and Microsoft Azure.

Today’s results demonstrate that push is paying off. Today, Teradata reported annual recurring revenue of $1.425 billion, up 5% from a year ago. Digging deeper, its public cloud ARR jumped 91%, to $202 million.

Teradata President and Chief Executive Steve McMillan (pictured) said the company had closed on an impressive year. “We delivered strong results, driving more than 90% growth in public cloud ARR and significantly growing new cloud customers,” he said. “The strength of our performance in 2021 is matched by our conviction to continue accelerating in 2022.”

Teradata confidently predicted further gains in cloud over the next year, saying it expects public cloud ARR to rise by 80% in fiscal 2022. “Teradata is raising its 2022 outlook for public cloud ARR and EPS, as well as increasing the return of capital to shareholders,” said Teradata Chief Financial Officer Claire Bramley.

For the first quarter of fiscal 2022, Teradata said it’s looking for earnings in a range of 63 to 67 cents per share, ahead of Wall Street’s forecast of 51 cents per share.

Photo: SiliconANGLE