Teradata Corp (TDC) Q3 2019 10-Q Quarterly Earnings

Short answer

Teradata Corp (TDC) filed its Q3 2019 10-Q quarterly report on Nov 12, 2019 for the quarter ended Sep 30, 2019.

AI summary of MD&A and risk factor updates

Quarterly revenue down 13% YoY, $67 million decline, with recurring revenue up 10%
Gross margin 53.8% vs 50.2% YoY; operating income $10 million vs $14 million
Best segment Americas, revenue down 8% with gross margin 61.7% vs 57.0%; worst APAC, revenue down 23%
Operating cash flow down $163 million through nine months; $54 million restructuring cash use
Outlook: approximately 90% subscription bookings mix, recurring revenue and ARR growth; perpetual and consulting revenue expected to decline

No material risk-factor changes from the 2018 Annual Report
SAP patent infringement counterclaims filed July 2019, with loss likelihood and amount not reasonably estimable
Trade-secret misappropriation and copyright litigation against SAP, involving competing enterprise analytics products
SAP alleged anticompetitive conduct, pressuring customers toward its competing product
Disclosure controls effective as of September 30, 2019, with no material internal-control changes during the quarter

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

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