Teradata Reports Financials and Officer Changes

TL;DR

Teradata dropped an 8-K: financial results and exec shake-ups are in. Check the details.

AI Summary

Teradata Corporation filed an 8-K on November 4, 2024, reporting on its results of operations and financial condition as of October 31, 2024. The filing also covers the departure of directors, election of directors, appointment of officers, and compensatory arrangements for certain officers. Specific financial figures and details regarding personnel changes are expected within the full report.

Why It Matters

This filing provides investors with crucial updates on Teradata's financial performance and significant changes in its leadership, impacting the company's strategic direction and operational stability.

Risk Assessment

Risk Level: medium — The filing involves financial results and executive changes, which can introduce uncertainty and affect stock performance.

Key Players & Entities

• TERADATA CORP /DE/ (company) — Registrant
• October 31, 2024 (date) — Date of earliest event reported
• November 4, 2024 (date) — Filing date
• 17095 Via Del Campo (address) — Principal executive offices
• San Diego, California 92127 (address) — Principal executive offices

FAQ

Key Financial Figures

• $0.01 — ange on which registered Common Stock, $0.01 par value TDC New York Stock Exchange

Filing Documents

• tdc-20241031.htm (8-K) — 38KB
• tdc09302024exhibit991.htm (EX-99.1) — 486KB
• image1.jpg (GRAPHIC) — 8KB
• 0000816761-24-000159.txt ( ) — 687KB
• tdc-20241031.xsd (EX-101.SCH) — 2KB
• tdc-20241031_lab.xml (EX-101.LAB) — 21KB
• tdc-20241031_pre.xml (EX-101.PRE) — 12KB
• tdc-20241031_htm.xml (XML) — 3KB

02 Results of Operations and Financial Condition

Item 2.02 Results of Operations and Financial Condition. Teradata Corporation ("Teradata" or the "Company") is furnishing the following information as required under Item 2.02 "Results of Operations and Financial Condition" of Form 8-K. Such information, including Exhibit 99.1 attached hereto, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934. On November 4 , 2024, the Company issued a press release setting forth its third quarter of fiscal year 2024 operating results as well as current outlook estimates for the fourth quarter of 2024 and for the full-year 2024 (the "Earnings Press Release"). A copy of the Earnings Press Release is attached hereto as Exhibit 99.1 and hereby incorporated by reference. The Company also posted supplemental material dated November 4, 2024, on the Investor Relations page of its website at investor.teradata.com. Except as specifically noted herein, information on the Company's website is not, and will not be deemed to be, a part of this Current Report on Form 8-K or incorporated into any other filings the Company may make with the Securities and Exchange Commission. Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (b) As announced on August 5, 2024, the Company has initiated global restructuring and cost reduction actions to optimize operations, reduce non-revenue generating expenses, and drive efficiencies for long-term growth and profitability (the "Restructuring"). In connection with the Restructuring and as a result of personal reasons regarding Ms. Ashton, the Company will be realigning the leadership of its Products Organization. As part of this organizational realignment, the position of Chief Product Officer, held by Hillary Ashton, a Named Executive Officer of the Company, will be eliminated effective as of December 31, 2024 (the "CPO Transition"). As a result of the CPO Tr

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits: The following exhibits are attached with this current report on Form 8-K: Exhibit No. Description 99.1 Press Release, dated November 4 , 2024, issued by the Company (Earnings Press Release). 104 Cover Page Interactive Data (embedded within the Inline XBRL document). Safe Harbor Statement This Current Report on Form 8-K contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended. Forward-looking statements generally relate to opinions, beliefs, and projections of expected future financial and operating performance, business trends, liquidity, and market conditions, among other things. These forward-looking statements are based upon current expectations and assumptions and often can be identified by words such as "expect," "strive," "looking ahead," "outlook," "guidance," "forecast," "anticipate," "continue," "plan," "estimate," "believe," "will," "would," "likely," "intend," "potential," or similar expressions. All statements, other than statements of historical facts, included in this Current Report on Form 8-K which address activities, events or developments that the Company expects or anticipates will or may occur in the future, including all statements about the Restructuring, CPO Transition, and the Company's financial guidance described herein and in the accompanying press release are forward-looking statements. These forward-looking statements are based upon current expectations and assumptions and involve risks and uncertainties that could cause the Company's actual results to differ materially. In addition to the factors discussed in this Form 8-K filing, other risks and uncertainties could affect the Company's future results, and could cause actual results to differ materially from those expressed in such forward-looking statements, including the global economic env

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. TERADATA CORPORATION Date: November 4, 2024 By: /s/ Claire Bramley Claire Bramley Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR