Q3 2019 Earnings Call
Hi, My remarks on our financial and business results starting with the news that we were at the high end of our expectations for.
Our and guidance for recurring revenue and that Teradata had a strong quarter with customers move into subscription at a record for great.
Demonstrating our strategy in action.
I will start by covering our business update with three key takeaways.
All centered on driving customer success, which in turn drive success for Teradata and value for our shareholders first we continue to move forward in the cloud.
We have developed our strategy to position Teradata to lead the market and cloud based data analytics, and we recently announced a major set of capabilities to help companies move from analytics to answers wherever they are on our cloud journey.
Second we are continuing to build momentum with Teradata VGE growing adoption of new and expanded capabilities, including machine learning and time series analysis that increased consumption.
And third the power advantage in the cloud is opening possibilities for us to strengthen our go to Mark.
Let's start with our cloud trajectory, we continue to move forward in the cloud by providing our customers choice based on the Industrys strongest hybrid and multi cloud offerings.
Along those lines, we made several important product announcements and our recent user conference.
We announced a new strategic partnership with Google our customers can leverage the full power of vantage across the top three global public cloud providers dws as your and soon Google cloud.
Only teradata provides the same functionality involve hybrid and multi cloud environments, giving customers the utmost choice and flexibility.
We also announced true consumption or pay as you go pricing, giving advantaged customers of freedom to perform complex analytics on virtually any amount of data and to only paid for what is used based on completed queries a true.
Innovation.
In the industry.
This.
Then ovation continues our commitment to help customers moved to or.