Teradata makes enterprise data analytics and database software for large global organizations. Its flagship product, Vantage (also marketed as VantageCloud), is a massively parallel analytics platform that lets large enterprises manage and query massive volumes of structured data — running workloads like financial risk modeling, fraud detection, and customer analytics. Teradata's customers are concentrated in data-intensive industries: financial services, telecom, healthcare, retail, and manufacturing. Teradata sells primarily through a direct sales force, with cloud marketplace partnerships on AWS, Azure, and Google Cloud. The business is almost entirely recurring software subscriptions, with customers paying either a fixed-capacity fee, a consumption-based fee, or a blended mix of both. Roughly 46% of ARR comes from cloud deployments and 54% from on-premises or private cloud. A key strategic differentiator Teradata argues is its ability to run consistently across any environment — public cloud, on-premises, or hybrid — which matters for regulated enterprises with data sovereignty needs. Teradata is actively repositioning around agentic AI, arguing its parallel architecture and enterprise data models are well-suited to handle the high query volumes that always-on AI agents generate. Recent product launches include an Enterprise Vector Store, an MCP Server for connecting AI agents to enterprise data, AgentBuilder, and AI Factory for on-premises AI workloads. A small consulting segment (~13% of revenue) handles implementation and migration work, though it has been declining and is being repositioned toward AI services.