Teradata Corporation (NYSE:TDC) Q4 2022 Earnings Call Transcript

Howard Ma: Okay. Thank you, Steve. Thank you for the real good color. For Claire, a quick one. The last question is that your 2023 cloud ARR guide, that implies about $200 million of incremental growth for this year at the midpoint versus $155 million in 2022. Should we expect the vast majority of that to be weighted in Q4? Or it’s because the migration going to be more of a smoother cadence of net adds throughout the year? Thank you.

Claire Bramley: So, thank you, Howard, and good morning. So, yes, our seasonality that we’ve seen in ’21 and ’22 will continue in 2023. So, we are anticipating growth to sequentially accelerate throughout the year, which ultimately does mean more comps from Q4 than the earlier quarters. But you should be able to see that acceleration as we go throughout the year. But we saw in 2022, and we’re anticipating the same seasonality in 2023.

Howard Ma: Okay, great. Thank you so much.

Claire Bramley: Thank you.

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

Steve McMillan: Thank you very much for joining us this morning, and I hope you all have a great day. Thank you.

Operator: This concludes today’s conference call. You may now disconnect your lines.