TERADATA CORPORATION (NYSE:TDC) Files An 8-K Results of Operations and Financial ConditionItem 2.02Results of Operations and Financial Condition.
The Company is furnishing the following information as required under Item 2.02 “Results of Operations and Financial Condition” of Form 8-K and Item 7.01 “Regulation FD Disclosure.” 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 February8, 2018, the Company issued a press release setting forth its fourth quarter and full year 2017 operating results as well as current revenue and earnings per share outlook estimates for the first quarter and full year 2018. A copy of the press release is attached hereto as Exhibit 99.1 and hereby incorporated by reference.
Item 7.01Regulation FD Disclosure.
The information set forth above under Item 2.02 “Results of Operations and Financial Condition” is furnished to this Item 7.01 and Exhibit 99.1 is hereby incorporated by reference into this Item 7.01.
Item 8.01 Other Events.
The Press Release also announced that the Board of Directors of the Company authorized the repurchase of up to an additional $310 million of the Company’s shares under its general open market share repurchase program, incremental to the amount still remaining under the program, and extended the program until February 5, 2021. Under this program, the Company may repurchase its common stock on the open market at management’s discretion, in accordance with applicable securities rules regarding issuer repurchases. The Company has approximately $500 million available under the open market share repurchase program as a result of the increased share repurchaseauthorization. The Company also maintains an open market dilution offset program under which the Company repurchases shares in the open market to offset shares purchased by employees from the Company under various employee benefit plans. A copy of the Press Release is attached hereto as Exhibit 99.1 and incorporated herein by reference.
Item 9.01Financial Statements and Exhibits.
The following exhibits are attached with this current report on Form 8-K:
TERADATA CORP /DE/ ExhibitEX-99.1 2 tdc123117exhibit991.htm EXHIBIT 99.1 Exhibit Exhibit 99.1NEWS RELEASETeradata Reports Better Than Expected 2017 Results•Better than expected fourth quarter revenue of $626 million,…To view the full exhibit click
About TERADATA CORPORATION (NYSE:TDC)
Teradata Corporation (Teradata) is a provider of analytic data platforms, marketing and analytic applications, and related services. The Company’s analytic data platforms consist of software, hardware and related business consulting and support services for data warehousing, and big data analytics. It operates in two segments: data and analytics, and marketing applications. Its services include a range of offerings, such as consulting to help organizations design, optimize and manage their analytic and big data environments, either on-premise or in the cloud. Its value-added consulting services provide expertise in data architecture services, cloud, private cloud, managed services and related installation services. In addition to its consulting services it offers a set of support services. Teradata operates from various locations within the United States with the primary locations being Dayton, Ohio; Johns Creek (Atlanta), Georgia, and Rancho Bernardo (San Diego), California.