Teradata Files Q3 2024 10-Q Report

TL;DR

**Teradata Q3 10-Q filed. Financials and operations detailed.**

AI Summary

Teradata Corp filed its 10-Q for the period ending September 30, 2024. The filing details financial performance and operational updates for the third quarter of 2024. Key financial metrics and business segments are presented, reflecting the company's ongoing activities in the software and services sector.

Why It Matters

This report provides investors and analysts with a detailed look at Teradata's financial health and operational performance during the third quarter of 2024, influencing investment decisions.

Risk Assessment

Risk Level: medium — The filing is a standard quarterly report, but the company operates in a competitive tech market, which inherently carries medium risk.

Key Numbers

• 2024 Q3 — Reporting Period (Indicates the specific quarter for which financial data is reported.)
• 12/31 — Fiscal Year End (Specifies the end date of the company's fiscal year.)

Key Players & Entities

• TERADATA CORP /DE/ (company) — Filer
• 20240930 (date) — Period of Report
• 20241105 (date) — Filing Date
• SAN DIEGO (location) — Business Address City
• 866-548-8348 (phone_number) — Business Phone

FAQ

Key Financial Figures

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

Filing Documents

• tdc-20240930.htm (10-Q) — 1111KB
• tdc093024ex311.htm (EX-31.1) — 10KB
• tdc093024ex312.htm (EX-31.2) — 10KB
• tdc093024ex32.htm (EX-32) — 8KB
• 0000816761-24-000162.txt ( ) — 5551KB
• tdc-20240930.xsd (EX-101.SCH) — 35KB
• tdc-20240930_cal.xml (EX-101.CAL) — 64KB
• tdc-20240930_def.xml (EX-101.DEF) — 129KB
• tdc-20240930_lab.xml (EX-101.LAB) — 470KB
• tdc-20240930_pre.xml (EX-101.PRE) — 327KB
• tdc-20240930_htm.xml (XML) — 698KB

—FINANCIAL INFORMATION

PART I—FINANCIAL INFORMATION Description Page

Financial Statements

Item 1. Financial Statements Condensed Consolidated Statements of Income (Unaudited) Three and Nine Months Ended September 30, 2024 and 2023 4 Condensed Consolidated Statements of Comprehensive Income (Unaudited) Three and Nine Months Ended September 30, 2024 and 2023 5 Condensed Consolidated Balance Sheets (Unaudited) September 30, 2024 and December 31, 202 3 6 Condensed Consolidated Statements of Cash Flows (Unaudited) Nine Months Ended September 30, 2024 and 2023 7 Condensed Consolidated Statements of Changes in Stockholders' Equity (Unaudited) Three and Nine Months Ended September 30, 2024 and 2023 8 Notes to Condensed Consolidated Financial Statements (Unaudited) 10

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 21

Quantitative and Qualitative Disclosures About Market Risk

Item 3. Quantitative and Qualitative Disclosures About Market Risk 31

Controls and Procedures

Item 4. Controls and Procedures 32

—OTHER INFORMATION

PART II—OTHER INFORMATION Description Page

Legal Proceedings

Item 1. Legal Proceedings 32

Risk Factors

Item 1A. Risk Factors 32

Unregistered Sales of Equity Securities and Use of Proceeds

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds. 33

Defaults Upon Senior Securities

Item 3. Defaults Upon Senior Securities 33

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 33

Other Information

Item 5. Other Information 33

Exhibits

Item 6. Exhibits 35

Signatures

Signatures 36 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 September 30, Nine Months Ended September 30, In millions, except per share amounts 2024 2023 2024 2023 Revenue Subscription software licenses $ 72 $ 66 $ 235 $ 240 Services and other 300 294 893 880 Total recurring 372 360 1,128 1,120 Perpetual software licenses, hardware and other 7 7 20 33 Consulting services 61 71 193 223 Total revenue 440 438 1,341 1,376 Cost of revenue Subscription software licenses 4 5 14 16 Services and other 107 100 319 294 Total recurring 111 105 333 310 Perpetual software licenses, hardware and other 5 7 18 30 Consulting services 58 67 175 199 Total cost of revenue 174 179 526 539 Gross profit 266 259 815 837 Operating expenses Selling, general and administrative expenses 137 156 429 476 Research and development expenses 73 76 216 222 Total operating expenses 210 232 645 698 Income from operations 56 27 170 139 Other expense, net Interest expense ( 7 ) ( 8 ) ( 22 ) ( 22 ) Interest income 3 7 9 22 Other expense ( 5 ) ( 13 ) ( 23 ) ( 44 ) Total other expense, net ( 9 ) ( 14 ) ( 36 ) ( 44 ) Income before income taxes 47 13 134 95 Income tax expense 15 1 45 26 Net income $ 32 $ 12 $ 89 $ 69 Net income per common share Basic $ 0.33 $ 0.12 $ 0.92 $ 0.69 Diluted $ 0.33 $ 0.12 $ 0.91 $ 0.67 Weighted average common shares outstanding Basic 96.1 99.2 96.7 100.5 Diluted 97.0 102.0 98.3 102.8 See Notes to Condensed Consolidated Financial Statements (Unaudited). 4 Teradata Corporation Condensed Consolidated Statements of Comprehensive Income (Unaudited) Three Months Ended September 30, Nine Months Ended September 30, In millions 2024 2023 2024 2023 Net income $ 32 $ 12 $ 89 $ 69 Other comprehensive income (loss): Foreign currency translation adjustments 9 ( 17 ) ( 6 ) ( 17 ) Unrealized (loss) gain on cross-currency net investment hedge, before tax ( 4 ) 3 1 — Unrealized (l

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View this 10-Q filing on SEC EDGAR