Teradata Corp (TDC) Q1 2019 10-Q Quarterly Earnings

Short answer

Teradata Corp (TDC) filed its Q1 2019 10-Q quarterly report on May 6, 2019 for the quarter ended Mar 31, 2019.

AI summary of MD&A and risk factor updates

Revenue $ million, down 8% YoY, including recurring revenue up 10% and perpetual software/hardware down 55%
Gross margin 47.9% vs 44.1% YoY, operating loss $5 million vs $4 million
Best segment Americas revenue up 2%; worst EMEA revenue down 24%
Operating cash flow down $135 million, including $29 million restructuring cash use and lower subscription billings
Outlook: recurring revenue and ARR growth, consulting and perpetual revenue declines, 1 to 2 percentage-point currency headwind to 2019 revenue growth

Risk factors unchanged from 2018 10-K, with no newly triggered risks disclosed
Subscription transition: 72% of first-quarter bookings subscription-based, pressuring near-term revenue timing and cash flows
SAP litigation: alleged trade-secret misappropriation, copyright infringement, and anticompetitive conduct
Supplier concentration: exclusive hardware assembly by Flex, with disruptions potentially delaying customer shipments
Debt maturity: $500 million term loan, with all remaining principal due June 11, 2023

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

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