Teradata Corp. Files 10-Q for Period Ending March 31, 2024

TL;DR

<b>Teradata Corp. filed its Q1 2024 10-Q report on May 7, 2024, detailing financial performance and segment revenues.</b>

AI Summary

TERADATA CORP /DE/ (TDC) filed a Quarterly Report (10-Q) with the SEC on May 7, 2024. Teradata Corp. filed a 10-Q report for the period ending March 31, 2024. The filing covers the first quarter of 2024. Key financial data points and segment revenues are detailed within the report. The company's fiscal year ends on December 31st. The filing was made on May 7, 2024.

Why It Matters

For investors and stakeholders tracking TERADATA CORP /DE/, this filing contains several important signals. This 10-Q filing provides investors with the latest quarterly financial performance of Teradata, crucial for assessing the company's current health and future prospects. Understanding the breakdown of revenue by segment and comparing it to prior periods allows for an analysis of business trends and the effectiveness of Teradata's strategic initiatives.

Risk Assessment

Risk Level: medium — TERADATA CORP /DE/ shows moderate risk based on this filing. The filing is a standard quarterly report, but the absence of specific financial performance metrics in the provided text necessitates a 'medium' risk assessment, as a full analysis requires deeper examination of the full report.

Analyst Insight

Review the detailed financial statements and segment performance within the 10-Q to identify trends in recurring revenue and assess the impact of any new product or service offerings.

Revenue Breakdown

Key Numbers

• 2024-03-31 — Period of Report (Quarterly filing date)
• 2024-05-07 — Filing Date (Date the 10-Q was filed)
• 12/31 — Fiscal Year End (Company's fiscal year end)

Key Players & Entities

• TERADATA CORP /DE/ (company) — Filer name
• 2024-03-31 (date) — Period of report
• 2024-05-07 (date) — Filed as of date
• 7372 (other) — Standard Industrial Classification
• SAN DIEGO (location) — Business address city
• CA (location) — Business address state
• 92127 (other) — Business address zip
• 866-548-8348 (phone) — Business phone

FAQ

Key Dates

• 2024-03-31: Quarter End — End of the reporting period for the 10-Q.
• 2024-05-07: Filing Date — Date Teradata Corp. filed its 10-Q with the SEC.

Key Financial Figures

• $0.01 — nge on which Registered: Common Stock, $0.01 par value TDC New York Stock Exchange

Filing Documents

• tdc-20240331.htm (10-Q) — 860KB
• tdc033124ex311.htm (EX-31.1) — 10KB
• tdc033124ex312.htm (EX-31.2) — 10KB
• tdc033124ex32.htm (EX-32) — 8KB
• 0000816761-24-000098.txt (&nbsp;) — 4747KB
• tdc-20240331.xsd (EX-101.SCH) — 34KB
• tdc-20240331_cal.xml (EX-101.CAL) — 60KB
• tdc-20240331_def.xml (EX-101.DEF) — 114KB
• tdc-20240331_lab.xml (EX-101.LAB) — 432KB
• tdc-20240331_pre.xml (EX-101.PRE) — 300KB
• tdc-20240331_htm.xml (XML) — 541KB

—FINANCIAL INFORMATION

PART I—FINANCIAL INFORMATION Description Page

Financial Statements

Item 1. Financial Statements Condensed Consolidated Statements of Income (Unaudited) Three Months Ended March 3 1 , 202 4 and 202 3 4 Condensed Consolidated Statements of Comprehensive Income (Unaudited) Three Months Ended March 3 1 , 202 4 and 202 3 5 Condensed Consolidated Balance Sheets (Unaudited) March 3 1 , 202 4 and December 31, 202 3 6 Condensed Consolidated Statements of Cash Flows (Unaudited) Three Months Ended March 3 1 , 202 4 and 202 3 7 Condensed Consolidated Statements of Changes in Stockholders' Equity (Unaudited) Three Months Ended March 3 1 , 202 4 and 202 3 8 Notes to Condensed Consolidated Financial Statements (Unaudited) 9

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 19

Quantitative and Qualitative Disclosures About Market Risk

Item 3. Quantitative and Qualitative Disclosures About Market Risk 28

Controls and Procedures

Item 4. Controls and Procedures 29

—OTHER INFORMATION

PART II—OTHER INFORMATION Description Page

Legal Proceedings

Item 1. Legal Proceedings 29

Risk Factors

Item 1A. Risk Factors 29

Unregistered Sales of Equity Securities and Use of Proceeds

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds . 30

Defaults Upon Senior Securities

Item 3. Defaults Upon Senior Securities 30

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 30

Other Information

Item 5. Other Information 31

Exhibits

Item 6. Exhibits 32

Signatures

Signatures 33 3 Table of Contents Part 1—FINANCIAL INFORMATION A

Financial Statements

Item 1. Financial Statements. Teradata Corporation Condensed Consolidated Statements of Income (Unaudited) Three Months Ended March 31, In millions, except per share amounts 2024 2023 Revenue Subscription software licenses $ 90 $ 104 Services and other 298 285 Total recurring 388 389 Perpetual software licenses, hardware and other 8 13 Consulting services 69 74 Total revenue 465 476 Cost of revenue Subscription software licenses 5 6 Services and other 107 92 Total recurring 112 98 Perpetual software licenses, hardware and other 8 11 Consulting services 61 65 Total cost of revenue 181 174 Gross profit 284 302 Operating expenses Selling, general and administrative expenses 161 153 Research and development expenses 75 70 Total operating expenses 236 223 Income from operations 48 79 Other expense, net Interest expense ( 8 ) ( 7 ) Interest income 4 7 Other expense ( 12 ) ( 21 ) Total other expense, net ( 16 ) ( 21 ) Income before income taxes 32 58 Income tax expense 12 18 Net income $ 20 $ 40 Net income per common share Basic $ 0.21 $ 0.39 Diluted $ 0.20 $ 0.39 Weighted average common shares outstanding Basic 97.4 101.4 Diluted 100.1 103.8 See Notes to Condensed Consolidated Financial Statements (Unaudited). 4 Teradata Corporation Condensed Consolidated Statements of Comprehensive Income (Unaudited) Three Months Ended March 31, In millions 2024 2023 Net income $ 20 $ 40 Other comprehensive income (loss): Foreign currency translation adjustments ( 10 ) 3 Unrealized gain (loss) on cross-currency net investment hedge, before tax 3 ( 1 ) Unrealized gain (loss) on cross-currency net investment hedge, tax portion ( 1 ) — Total currency translation adjustments ( 8 ) 2 Derivatives: Unrealized gain (loss) on derivatives, before tax 5 ( 6 ) Unrealized gain (loss) on derivatives, tax portion ( 1 ) 1 Unrealized gain (loss) on derivatives, net of tax 4 ( 5 ) Defined benefit plans: Defined benefit plan adjustment, before t

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View this 10-Q filing on SEC EDGAR