Short answer
Teradata Corp (TDC) filed its fiscal 2017 10-K annual report with the SEC on Feb 23, 2018. It reported revenue of $2.2B (−7.1% year over year) and net income of −$67M.
- Top risk flagged: FCPA and U.K. Bribery Act enforcement: international operations may expose Teradata to undetected partner or employee violations
FY2017 key financial metrics · XBRL
- Revenue
- $2.2B
- −7.1% YoY
- Net income
- −$67M
- −153.6% YoY
- Operating margin
- 3.0%
- −7.0 pp YoY
- Gross margin
- 47.5%
- −3.7 pp YoY
- EPS (diluted)
- −$0.53
- −155.8% YoY
- ROE
- -10.0%
- −22.9 pp YoY
- Operating cash flow
- $324M
- −27.4% YoY
Source: XBRL data from the Teradata Corp (TDC) FY2017 10-K on SEC EDGAR. USD.
Teradata Corp FY2017 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core model: Integrated analytic data software, hardware, consulting and support, delivered across cloud and on-premises environments
- IntelliCloud and Teradata Everywhere emphasized, adding as-a-service deployment, subscription pricing and software portability
- Strategic shift toward consultative, business-outcome selling and recurring revenue, targeting the 500 largest analytic opportunities
- Backlog increased to $1.6 billion from $1.1 billion, with $1.1 billion expected as 2018 revenue
- Global footprint: 10,615 employees and 112 facilities across 44 countries at year-end 2017
Management Discussion & Analysis
- Revenue $2,156M, down 7% YoY, with Product and Cloud revenue down 19% and Service revenue up 1%
- Gross margin 47.4% vs 51.2%; operating income $64M vs $232M, net loss $67M vs $125M net income
- Best segment International revenue up 5%; worst Americas revenue down 10%, with 2017 revenue of $1,195M
- Operating cash flow $324M; share repurchases $351M, capex $78M, capitalized software additions $9M
- Outlook: subscription migration pressures near-term revenue; cloud transition and customer adoption remain key risks
Risk Factors
- FCPA and U.K. Bribery Act enforcement: international operations may expose Teradata to undetected partner or employee violations
- Brexit uncertainty: U.K. and European Union operations face potential disruption to market access, suppliers and customers
- Single-source supply chain: Flex manufactures key hardware systems, while Intel chips and NetApp storage support Teradata solutions
- Cloud disruption: Amazon AWS and Microsoft Azure partnerships require significant upfront IntelliCloud investment with uncertain returns
- Variable-rate indebtedness: interest-rate exposure and financial covenants could constrain liquidity and trigger accelerated debt repayment risk
Generated from the filing text; verify against the original. How to read a 10-K
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