For the full-year, Teradata expects ARR to increase at least 8% and recurring revenue to increase approximately 8% to 9%. Teradata now expects approximately a $250 million decline in perpetual revenue as the shift to subscription-based bookings continues to exceed the company’s expectations. As the company continues to realign its consulting business to focus on higher-value consulting services that increase consumption, Teradata now expects consulting revenue to decline approximately 25%, more than the 20% it previously expected.
Teradata expects 2019 full-year GAAP loss per share to be in the $(0.21) to $(0.16) range. On a non-GAAP basis, which excludes stock-based compensation expense and other special items, the Company now expects earnings per share in the $0.95 to $1.00 range(2).
Recurring revenue in the fourth quarter of 2019 is expected to be in the $348 million to $350 million range.
GAAP loss per share in the fourth quarter of 2019 is expected to be in the $(0.20) to $(0.15) range. Fourth quarter Non-GAAP earnings per share, excluding stock-based compensation expense and other special items, is expected to be in the $0.13 to $0.18 range(2).