Teradata Corp. Files 2023 Annual Report on Form 10-K

TL;DR

<b>Teradata Corp. has filed its 2023 10-K report detailing its fiscal year performance and financial standing.</b>

AI Summary

TERADATA CORP /DE/ (TDC) filed a Annual Report (10-K) with the SEC on February 23, 2024. Teradata Corp. filed its 2023 Form 10-K on February 23, 2024. The filing covers the fiscal year ending December 31, 2023. The company's principal executive offices are located in San Diego, CA. The SIC code for Teradata Corp. is 7372 (Services-Prepackaged Software). The filing includes financial data for the fiscal years 2021, 2022, and 2023.

Why It Matters

For investors and stakeholders tracking TERADATA CORP /DE/, this filing contains several important signals. This 10-K filing provides a comprehensive overview of Teradata's financial health, operational performance, and strategic direction for the fiscal year 2023, crucial for investors and stakeholders to assess the company's current position and future prospects. The detailed financial statements and risk factors within the report offer insights into the company's revenue streams, profitability, and potential challenges, enabling informed investment decisions.

Risk Assessment

Risk Level: — TERADATA CORP /DE/ shows moderate risk based on this filing. The company operates in the competitive software and services industry, facing potential market shifts and technological advancements that could impact its financial performance.

Analyst Insight

Investors should review the detailed financial statements and risk factors in the 10-K to understand Teradata's performance and outlook in the evolving cloud data analytics market.

Key Numbers

• 2023-12-31 — Fiscal Year End (Reporting period)
• 2024-02-23 — Filing Date (Date of submission)
• 12 — Number of Public Documents (Count of documents in the filing)

Key Players & Entities

• TERADATA CORP /DE/ (company) — Filer name
• 2024-02-23 (date) — Filing date
• 2023-12-31 (date) — Fiscal year end
• 7372 (other) — Standard Industrial Classification
• San Diego, CA (location) — Business address
• 866-548-8348 (phone) — Business phone

FAQ

Industry Context

Teradata operates in the data warehousing and analytics industry, a sector characterized by rapid technological advancements and increasing demand for cloud-based solutions.

Regulatory Implications

The company is subject to standard SEC regulations for public companies, including requirements for timely and accurate financial reporting.

What Investors Should Do

1. Analyze Teradata's revenue breakdown and growth trends for subscription software licenses and services.
2. Review the company's balance sheet for key financial metrics like debt-to-equity and cash reserves.
3. Examine the risk factors section for potential operational, market, or financial challenges.

Key Dates

• 2024-02-23: 10-K Filing — Annual report submission date
• 2023-12-31: Fiscal Year End — Period covered by the report

Year-Over-Year Comparison

This filing is the annual 10-K report for the fiscal year ended December 31, 2023, providing updated financial and operational information compared to previous filings.

Key Financial Figures

• $0.01 — nge on which Registered: Common Stock, $0.01 par value TDC New York Stock Exchange
• $1.833 b — mber 31, 2023, we had total revenues of $1.833 billion, of which approximately 59% was d

Filing Documents

• tdc-20231231.htm (10-K) — 2291KB
• ex1097-2023rsucliffvesting.htm (EX-10.9 7) — 48KB
• ex1098-2023nonxusrsucliffv.htm (EX-10.9 8) — 139KB
• ex1021-2023clawbackpolicy.htm (EX-10.21) — 42KB
• exhibit21-teradatasubsidia.htm (EX-21) — 49KB
• ex231consent123123.htm (EX-23.1) — 2KB
• ex311mcmillan302certificat.htm (EX-31.1) — 10KB
• ex312bramley302certificati.htm (EX-31.2) — 10KB
• ex32sarbanesoxleycertifica.htm (EX-32) — 7KB
• tdc-20231231_g1.jpg (GRAPHIC) — 115KB
• 0000816761-24-000023.txt (&nbsp;) — 13684KB
• tdc-20231231.xsd (EX-101.SCH) — 83KB
• tdc-20231231_cal.xml (EX-101.CAL) — 143KB
• tdc-20231231_def.xml (EX-101.DEF) — 346KB
• tdc-20231231_lab.xml (EX-101.LAB) — 1074KB
• tdc-20231231_pre.xml (EX-101.PRE) — 712KB
• tdc-20231231_htm.xml (XML) — 2416KB

Signatures

Signatures 92 This report contains trademarks, service marks, and registered marks of Teradata Corporation and its subsidiaries, and other companies, as indicated. 3 Table of Contents PART I

FORWARD-LOOKING STATEMENTS

FORWARD-LOOKING STATEMENTS Forward-looking statements in our public filings or other public statements are subject to known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or other public statements. These forward-looking statements were based on various facts and were derived utilizing numerous important assumptions and other important factors, and changes in such facts, assumptions or factors could cause actual results to differ materially from those in the forward-looking statements. Forward-looking statements include the information concerning our expected future financial and reporting performance, business strategy and trends, projected plans and objectives, liquidity, financial guidance, capital allocation, including share repurchase plans, and market conditions. Statements preceded by, followed by or that otherwise include the words "believe," "expects," "anticipates," "intend," "project," "estimate," "plan," "increase," "fluctuate," "strive," "looking ahead," "outlook," "guidance," "forecast," "continue," "likely," "potential," "drive," and similar expressions or future or conditional verbs such as "will," "should," "would," "may" and "could" are generally forward-looking in nature and not historical facts. You should understand that the factors described under "Risk Factors" and the following important factors could affect our future results and could cause actual results to differ materially from those expressed in such forward-looking statements: Our ability to timely and effectively execute our strategy, including our initiatives to provide and enhance our offerings for on-premises and cloud environments and market acceptance of our cloud platform and artificial intelligence ("AI") capabilities; Our ability to rapidly and successfully develop and intro

BUSINESS

Item 1. BUSINESS Overview . At Teradata Corporation ("we," "us," "Teradata," or the "Company"), we believe that people thrive when empowered with trusted information. We are focused on helping organizations improve business performance, enrich customer experiences, and integrate data across the enterprise. As such, we strive to innovate and deliver trusted solutions for their toughest data and analytics challenges. That is why we built our open and connected cloud analytics and data platform for artificial intelligence ("AI"). With our Teradata Vantage platform, underpinned by our extensive patented workload management optimization, we are well positioned to help enterprises solve business problems and deliver business breakthroughs with its capabilities to provide harmonized data, trusted AI, and faster innovation. Harmonized data: We strive to empower our customers to make more confident decisions with integrated data using our cloud-native platform that is designed to be efficient, flexible, and secure. Trusted AI: We believe that our platform provides our customers with powerful, open, and connected analytics that perform with speed and deliver better insights. Faster innovation: Our Teradata Vantage platform is designed to fuel our customer's growth opportunities with AI/ML innovation that's cost-effectively operationalized at scale. As a result, we believe that we empower our customers - and our customers' customers - to make better, more confident decisions, engage in faster innovation, and drive positive impact within the enterprise. Our Complete Analytics and Data Platform Teradata Vantage is our open and connected platform that is designed to allow organizations to leverage all their data across an enterprise, whether in public or private clouds, in a multi-cloud environment, or on-premises, and at the scale. Teradata Vantage comprises deployment options that are designed to address the full span of analytics and data needs while providing optimized

View Full Filing

View this 10-K filing on SEC EDGAR