Teradata Corp (TDC) Q3 2017 10-Q Quarterly Earnings

Short answer

Teradata Corp (TDC) filed its Q3 2017 10-Q quarterly report on Nov 6, 2017 for the quarter ended Sep 30, 2017.

AI summary of MD&A and risk factor updates

Q3 revenue $526M, down 5% YoY; product and cloud revenue down 18%, services revenue up 4%
Gross margin 47.5% vs 53.3% YoY; operating income $7M vs $89M
International revenue flat YoY, outperforming Americas revenue down 8%; international gross margin 41.5% vs 50.2%
Operating cash flow down $93M in nine months; share repurchases 11.5M shares at $30.59 average
Near-term headwinds: subscription and cloud shifts expected to pressure Q4 revenue; 2017 ARR guidance $1.1B, recurring revenue growth high single digits

FCPA investigation risk: Turkey subsidiary expenditures under SEC and DOJ review, with potential fines, penalties, disgorgement, or injunctive relief
Accounting compliance risk: 2018 revenue standard adoption may alter revenue timing and require deferred contract-acquisition costs
Supplier concentration risk: Flextronics exclusively assembles hardware, making production disruptions a shipment and operating-results threat
Customer credit risk: Large transactions with customers could create significant losses if contractual obligations default
Currency risk: Foreign operations expose results to exchange-rate movements despite forward-contract hedges

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

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