Teradata Corp (TDC) Q1 2018 10-Q Quarterly Earnings

Short answer

Teradata Corp (TDC) filed its Q1 2018 10-Q quarterly report on May 8, 2018 for the quarter ended Mar 13, 2018.

AI summary of MD&A and risk factor updates

Revenue $506M, up 3% YoY from $491M, recurring revenue up 11%
Gross margin 44.1% vs 45.8% YoY, operating loss $4M vs break-even
International revenue up 8%, Americas revenue down 1%; international gross margin 40.5% vs 44.6%
Operating cash flow decreased $64M YoY; capital expenditures $26M vs $16M
Subscription bookings 62%; full-year mix expected at 50% to 60%, perpetual revenue expected to continue declining

No new risk factors, with no material changes from the 2017 10-K
Regulatory risk: Tax Act provisional accounting, including $145 million transition-tax expense subject to further guidance
Operational risk: Exclusive hardware assembly through Flex, where production disruption could delay customer shipments
Market risk: Subscription transition, with perpetual software and hardware revenue declining 23%
Financial risk: $525 million term loan outstanding, with remaining principal due in March 2020

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

Compare quarters, check guidance or see what insiders and funds did around the report.