Teradata Corporation's (TDC) stock plummeted 24.73% in the pre-market session on Wednesday, following the release of its fourth-quarter 2024 financial results and a lackluster outlook for 2025, compounded by the announcement of the Chief Financial Officer's upcoming departure.

The data analytics company reported a 10.5% year-over-year decline in revenue to $409 million for the fourth quarter, missing analysts' expectations. The revenue decline was driven by a 25% drop in consulting services revenue and an 8% decline in product sales revenue.

Despite the top-line weakness, Teradata's non-GAAP diluted earnings per share (EPS) of $0.53 for Q4 2024 beat analysts' projections, supported by the company's focus on cloud and subscription-based offerings, as well as cost-cutting measures. However, the company's guidance for 2025 was disappointing, forecasting a further revenue decline of 4% to 6% and non-GAAP diluted EPS of $2.15 to $2.25, missing analyst estimates.

Adding to investors' concerns, Teradata announced that Chief Financial Officer Claire Bramley will be leaving the company on March 31, adding to investors' concerns. The company cited the challenging macroeconomic conditions and customers' cautious spending as reasons behind the revenue decline.