Teradata's strong cloud growth holds Snowflake avalanche at bay – for now

Teradata has beaten its own and the market's expectations for the fourth quarter of 2020, more than doubling its cloud revenue. Recurring revenue for subscriptions on the public cloud for the quarter ended 31 October 2020 hit $106m, up 165 per cent from $40m a year earlier. The data warehouse company, which boasts customers …

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A core justification for cloud?

"We've effectively configured our transition to a subscription model that generates recurring revenue ..."