Teradata Corporation (NYSE:TDC) Q2 2023 Earnings Call Transcript

I think that macro, from a macro standpoint, there’s a little bit less volatility out there, but we’re still being very prudent. We’re still obviously watching the macro very closely. We continue to see that kind of higher level of scrutiny on deals, but not – still not seeing deals disappear or move away because of the macro. So that’s a good sign moving forward. And I think to your point, with the importance of gen AI, AI the importance of the quality of the data and the quality of the data analytics that go into that analytics, it’s important to have a strong platform like Teradata Vantage to support it. So I think that opening door is becoming a tailwind for us as well in the gen AI space as Steve mentioned earlier in the call. So really good strong conversations, macro not having an impact from pipeline or deal closures at this point, but we obviously continue to monitor very closely.

Operator: There are no further questions at this time. I will now turn the call back over to Steve McMillan for final remarks.

Steve McMillan: Thank you, and thanks, everyone, for joining us today. We’re really pleased with our continued innovation and progress in Q2. There’s a strong customer adoption of our VantageCloud analytics and data platform, and as customers recognize its differentiated benefits, we’re seeing really healthy expansion rates. We’ve got unmatched years of experience in handling the most complex data challenges and providing trusted data at massive scale and we believe we are uniquely positioned to help companies take advantage of the emerging world of AI. We’re really confident in our strategy and in our commitment to meet our year-end guidance as we execute our plan. And we’re all looking forward to speaking again with you next quarter. Thank you so much.

Operator: That concludes today’s conference call. You may now disconnect.