Teradata Corp. (NYSE:TDC) shares rose more than 18% since the company’s reported Q4 results on Monday, with EPS of $0.35 coming in better than the Street estimate of $0.30. Revenue was $452 million, beating the Street estimate of $436.36 million.

The strong results were highlighted by accelerating cloud momentum and solid profitability. Total ARR was $1.482 billion, down 1% year-over-year, with public cloud ARR (24% of total ARR) of $357 million, up 77% year-over-year. Results were driven by healthy migrations and expansions in addition to 20% new logo growth in 2022.

For Q1/23, the company expects EPS in the range of $0.60-$0.64, compared to the Street estimate of $0.57. For the full year, the company expects EPS of $1.90-$2.06, compared to the Street estimate of $1.84.