Teradata Corp (TDC) Q3 2018 10-Q Quarterly Earnings

Short answer

Teradata Corp (TDC) filed its Q3 2018 10-Q quarterly report on Nov 5, 2018 for the quarter ended Sep 30, 2018.

AI summary of MD&A and risk factor updates

Q3 revenue $526M, flat YoY; recurring revenue up 7%, perpetual licenses and hardware down 14%
Gross margin 50.2% vs 47.5% YoY; operating income $14M vs $9M
International revenue up 6% YoY, Americas revenue down 5%; International gross margin 48.2% vs 41.9%
Operating cash flow down $44M in nine months; $800M offshore cash repatriated, $280M debt repayment, $206M share repurchases
Subscription bookings mix 82% vs 65%-70% full-year estimate; near-term revenue timing headwind from over-time recognition

No material 10-Q risk-factor changes identified, provided text contains executive change-in-control plan provisions
Regulatory risk: Section 4999 excise-tax exposure on change-in-control compensation
Legal risk: Company reimbursement of participants’ legal costs unless a court finds claims frivolous
Operational risk: Successor must assume obligations following a merger, purchase, or consolidation
Financial risk: Separation payments may include unpaid bonuses, vested awards, benefits, and accelerated equity vesting

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

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