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Shares of Teradata sink on missed revenue and soft guidance
- Shares of Teradata Corp. sink after missing revenue expectations and providing weak guidance.
- Teradata reported earnings per share of 53 cents, beating analysts' forecast of 44 cents.
- The company's revenue declined 11% from the previous year, falling short of the target.
- Teradata is in the midst of transitioning to the cloud and reported a decrease in total annual recurring revenue.
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