Teradata Corp (TDC) Q2 2016 10-Q Quarterly Earnings

Short answer

Teradata Corp (TDC) filed its Q2 2016 10-Q quarterly report on Aug 9, 2016 for the quarter ended Jun 30, 2016.

AI summary of MD&A and risk factor updates

Revenue $599M, down 4% YoY; product revenue down 11%, services revenue up 1%
Gross margin 51.8% vs 52.5% YoY; operating income $87M vs operating loss $(262)M
International Data and Analytics best segment, revenue up 1%; Americas revenue down 7%, weakest performance
Operating cash flow increased $48M in six months; share repurchases totaled 2.6M shares at $23.70 average
Near-term headwinds: delayed on-premises purchases, smaller deals, subscription shifts, competitive and pricing pressure

Newly added regulatory risk: Brexit referendum approved U.K. exit from the E.U. on June 23, 2016
Financial risk: Stronger U.S. dollar against operating currencies may reduce operating results
Market risk: Brexit-driven uncertainty may prompt customers to reduce product and service spending
Market volatility: Brexit announcement caused significant global stock-market and currency fluctuations

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

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