Teradata Corp (TDC) Q3 2015 10-Q Quarterly Earnings

Short answer

Teradata Corp (TDC) filed its Q3 2015 10-Q quarterly report on Nov 6, 2015 for the quarter ended Sep 30, 2015.

AI summary of MD&A and risk factor updates

Q3 revenue $606M, down $61M or 9% YoY, with product revenue down 18% and services revenue down 2%
Gross margin 50.7% vs 52.5% YoY; operating income $77M vs $123M
Data and Analytics revenue down 9%, gross margin 53.1% vs 54.4%; Marketing Applications revenue down 8%, gross margin 40.8% vs 47.2%
Nine-month operating cash flow decreased $213M; share repurchases totaled 15.5M shares at $35.45 average
Outlook: approximately 6 percentage points of adverse currency impact on 2015 revenue growth; $120M expected 2016 operating-income benefit from transformation and exit actions

Restructuring risk: Business transformation and divestitures may face delays, unforeseen costs, or implementation difficulties
Financial risk: Failure to realize anticipated program savings could materially impair financial results
Operational risk: Exiting planned divestitures creates significant organizational and infrastructure challenges
Execution risk: Unexpected business impacts may persist even if anticipated benefits are substantially realized

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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