Teradata Corporation【TDC】株式ニュース

Teradata Advances Board Refreshment ProgramFebruary 10, 2026 4:23 PM
PR Newswire (US)

Expects to Appoint Melissa Fisher to the BoardEnters into Cooperation Agreement with Lynrock LakeSAN DIEGO, Feb. 10, 2026 /PRNewswire/ -- Teradata Corporation (NYSE: TDC) ("Teradata" or the "Company") today announced the following changes to its Board of Directors (the "Board") as part of the Board's ongoing refreshment program and in connection with a cooperation agreement (the "Agreement") with Lynrock Lake LP and certain related parties ("Lynrock Lake"):
The Board expects to appoint Melissa Fisher to the Board as a Class I director no later than March 1, 2026, following the completion of customary onboarding procedures. Ms. Fisher is expected to be nominated for election at the Company's 2026 Annual Meeting of Stockholders (the "2026 Annual Meeting") with a term expiring at the 2029 Annual Meeting of Stockholders.The Board has an active search process underway to identify an additional independent director to join the Board following the 2026 Annual Meeting and will work with Lynrock Lake to select candidates for consideration.As part of the Board's phased refreshment plan, one Class I director will retire and not stand for re-election at the 2026 Annual Meeting, and one Class II director will retire and not stand for re-election at the 2027 Annual Meeting of Stockholders.Mike Gianoni, Chairman of the Board, said, "As part of our ongoing efforts to add new perspectives to the Board, we are pleased to welcome Melissa, whose experience within our sector and financial acumen will be additive to the initiatives already in progress. Continued Board refreshment is key to Teradata's long-term growth and value creation objectives and the changes announced today underscore this commitment."Cynthia Paul, Chief Investment Officer and Chief Executive Officer of Lynrock Lake LP, commented, "We are pleased to have reached this collaborative outcome with Teradata. We firmly believe in the long-term value potential of Teradata and look forward to Melissa's contributions and further Board refreshment to advance the Company's strategic initiatives and enhance value for all shareholders."Pursuant to the Agreement, Lynrock Lake has agreed to support the Board's full slate of directors at the 2026 Annual Meeting and also agreed to certain customary standstill, mutual non-disparagement, voting and other provisions. The Company will file the Agreement with the U.S. Securities and Exchange Commission (the "SEC") as an exhibit to a Current Report on Form 8-K.AdvisorsForos is serving as financial advisor, Sullivan & Cromwell LLP is serving as legal counsel and Collected Strategies is serving as strategic communications advisor to Teradata. Olshan Frome Wolosky LLP is serving as legal counsel to Lynrock Lake.About Melissa Fisher Ms. Fisher is a seasoned finance and technology executive. She previously served as Chief Financial Officer of Outreach.io, the AI Revenue Workflow Platform, and Qualys, a publicly-traded cloud-based security solutions provider. She has also held senior finance roles at Zynga and Digital River. Prior to that, Ms. Fisher spent over a decade as an investment banker at firms including, Goldman Sachs and BofA Securities (formerly Banc of America Securities). She previously served on the Board of Directors at Model N, Inc., Image Sensing Systems and Digital Generation. Ms. Fisher holds a Bachelor of Arts degree from Harvard University and a Master of Business Administration from Harvard Business School.About TeradataTeradata is the AI platform built for the autonomous era. Our AI + Knowledge Platform and multifaceted AI Services help enterprises deploy solutions with deep domain expertise and full enterprise context. Wherever data resides—cloud, on-prem, or hybrid—Teradata connects and scales to deliver the performance AI needs. Learn more at Teradata.com.The Teradata logo is a trademark, and Teradata is a registered trademark of Teradata Corporation and/or its affiliates in the U.S. and worldwide.Note to InvestorsThis release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). 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," "focus," "see," "commit," "should," "project," "will," "would," "likely," "intend," "potential," or similar expressions. All statements, other than statements of historical facts, included in this release that address activities, events or developments that the Company expects or anticipates will or may occur in the future 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 including those relating to: the global economic environment and business conditions in general, including inflation, tariffs, and/or recessionary conditions; the ability of our suppliers to meet their commitments to us; the timing of purchases, migrations, or expansions by our current and potential customers, including our ability to retain customers; the rapidly changing and intensely competitive nature of the information technology industry, the data analytics business, and artificial intelligence capabilities; fluctuations in our operating, capital allocation, and cash flow results; our ability to execute and realize the anticipated benefits of our refreshed brand, business transformation program or restructuring, sales and operational execution initiatives, and cost saving initiatives, including restructuring actions; risks inherent in operating in foreign countries, including sanctions, tariffs, foreign currency fluctuations, and/or acts of war; risks associated with data privacy, cyberattacks and maintaining secure and effective products for our customers, as well as, internal information technology and control systems; the timely and successful development, production or acquisition, availability and/or market acceptance of new and existing products, product features and services, including for artificial intelligence; tax rates; turnover of our workforce and the ability to attract and retain skilled employees; protecting our intellectual property; availability and successful execution of new alliance and acquisition opportunities; subscription arrangements that may be cancelled or fail to be renewed; the impact on our business and financial reporting from the implementation of a new ERP system and changes in accounting rules; and other factors described from time to time in our filings with the SEC, including our most recent annual report on Form 10-K, and subsequent quarterly reports on Forms 10-Q and current reports on Forms 8-K, as well as our annual report to stockholders. The Company does not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.Important Additional Information and Where to Find ItThe Company intends to file with the SEC a definitive proxy statement on Schedule 14A (the "Definitive Proxy Statement") and a proxy card with respect to its solicitation of proxies for the 2026 Annual Meeting. STOCKHOLDERS OF THE COMPANY ARE URGED TO READ THESE MATERIALS (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) AND ANY OTHER RELEVANT DOCUMENTS THAT THE COMPANY WILL FILE WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE COMPANY AND THE MATTERS TO BE VOTED ON AT THE 2026 ANNUAL MEETING. Stockholders will be able to obtain free copies of these documents, and other documents filed with the SEC by the Company, through the website maintained by the SEC at www.sec.gov. In addition, stockholders will be able to obtain free copies of these documents from the Company by going to the Company's Investor Relations page on its website at investor.teradata.com.Certain Information Regarding Participants in the SolicitationThe Company, its directors, and certain of its executive officers (as set forth below) are deemed to be "participants" (as defined in Section 14(a) of the Exchange Act) in the solicitation of proxies from the Company's stockholders in connection with the matters to be considered at the 2026 Annual Meeting. Information about the compensation of our named executive officers and our non-employee directors is set forth in the sections titled "Director Compensation," "Compensation and People Committee Report on Executive Compensation," "Compensation Discussion and Analysis" and "Compensation Tables" commencing on page 36 in the Company's definitive proxy statement on Schedule 14A for its 2025 annual meeting of stockholders, filed with the SEC on March 27, 2025 (the "2025 Definitive Proxy") (available here). Information regarding the participants' direct or indirect interests, by security holdings or otherwise, including the holdings of the Company's securities, can be found in the section titled "Stock Ownership" in the 2025 Definitive Proxy commencing on page 34 (available here), and as updated in the filings referenced in the table below. Supplemental information regarding the holdings of the Company's securities can be found in the SEC filings on Forms 3 and 4, and as referenced in the table below, and such filings are available on the Company's website at investor.teradata.com or through the SEC's website at www.sec.gov. Updated information regarding the identity of the participants, and their direct or indirect interests, by security holdings or otherwise, will be set forth in the Definitive Proxy Statement and other materials to be filed with the SEC in connection with the 2026 Annual Meeting.Directors and Named Executive OfficersNameOwnership(1)Date of FilingFiling TypeHyperlinkLisa R. Bacus75,10405/19/2025Form 4https://www.sec.gov/Archives/edgar/data/816761/000081676125000145/xslF345X05/wk-form4_1747687437.xml Timothy C.K. Chou36,077(2)05/27/2025Form 4https://www.sec.gov/Archives/edgar/data/816761/000081676125000164/xslF345X05/wk-form4_1748376804.xml Daniel R. Fishback67,522(3)05/19/2025Form 4https://www.sec.gov/Archives/edgar/data/816761/000081676125000147/xslF345X05/wk-form4_1747687459.xml Michael P. Gianoni (Chairman)56,52305/19/2025Form 4https://www.sec.gov/Archives/edgar/data/816761/000081676125000148/xslF345X05/wk-form4_1747687470.xml Todd E. McElhatton32,87505/19/2025Form 4https://www.sec.gov/Archives/edgar/data/816761/000081676125000146/xslF345X05/wk-form4_1747687448.xml Kimberly K. Nelson53,185(4)05/19/2025Form 4https://www.sec.gov/Archives/edgar/data/816761/000081676125000149/xslF345X05/wk-form4_1747687480.xml Joanne B. Olsen60,211(5)05/19/2025Form 4https://www.sec.gov/Archives/edgar/data/816761/000081676125000144/xslF345X05/wk-form4_1747687425.xml John G. Schwarz101,779(6)05/19/2025Form 4https://www.sec.gov/Archives/edgar/data/816761/000081676125000142/xslF345X05/wk-form4_1747687403.xml John Ederer (Chief Financial Officer)267,19511/18/2025Form 4https://www.sec.gov/Archives/edgar/data/816761/000184003925000009/xslF345X05/wk-form4_1763508723.xml Scot F. Rogers (Chief Administrative Officer)159,62206/17/2025Form 4https://www.sec.gov/Archives/edgar/data/816761/000081676125000172/xslF345X05/wk-form4_1750192480.xml Stephen McMillan (President and Chief Executive Officer)559,12503/10/2025Form 4https://www.sec.gov/Archives/edgar/data/816761/000081676125000075/xslF345X05/wk-form4_1741638545.xml(1) Includes all awarded restricted share units whether vested or unvested.(2) Includes 36,077 restricted share units, of which 5,745 restricted share units are unvested, receipt of which has been deferred until five years after the grant date.(3) Includes 37,102 restricted share units receipt of which has been deferred until after termination of his service as a director.(4) Includes 19,163 restricted share units receipt of which has been deferred until after termination of her service as a director.(5) Includes 46,990 restricted share units, of which 5,745 restricted share units are unvested, receipt of which has been deferred until after termination of her service as a director in five equal annual installments, beginning on the next following April 30 after termination as a director. (6) Includes 100,058 restricted share units, of which 5,745 restricted share units are unvested, receipt of which has been deferred until after termination of his service as a director.INVESTOR CONTACT
Chad Bennett
chad.bennett@teradata.comMEDIA CONTACT
Jennifer Donahue
jennifer.donahue@teradata.com

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Original: Teradata Advances Board Refreshment Program

Teradata Reports Fourth Quarter and Full-Year 2025 Financial ResultsFebruary 10, 2026 4:05 PM
PR Newswire (US)

Fourth quarter Total ARR of $1.522 billion, an increase of 3% as reported and 1% in constant currency from the prior year period(1)Fourth quarter Recurring Revenue of $367 million, up 5% as reported and 3% in constant currency(1)Fourth quarter GAAP diluted EPS of $0.38 and non-GAAP diluted EPS of $0.74(2)Full-Year 2025 Cash Flow from Operations of $305 million and Free Cash Flow of $285 million(3)SAN DIEGO, Feb. 10, 2026 /PRNewswire/ -- Teradata (NYSE: TDC) today announced its fourth quarter and full-year 2025 financial results."Teradata delivered another set of strong results in the 4th quarter, as we again exceeded expectations for Total Revenue, Recurring Revenue and Free Cash Flow," said Steve McMillan, Teradata president and CEO. "Our full-year results demonstrate strong operational discipline and establish a solid foundation as we enter 2026."Teradata's Autonomous AI and Knowledge platform is soundly resonating with customers; they recognize that the strengths we have built over decades are ideal for today's market needs. Our differentiated performance, scale, and hybrid capabilities, supported by our AI services, are proving to be a valuable combination. We have confidence in our agentic AI-fueled future."Fourth Quarter 2025 Financial Highlights Compared to Fourth Quarter 2024Public cloud ARR increased to $701 million from $609 million, an increase of 15% as reported and 13% in constant currency(1)Total ARR increased to $1.522 billion from $1.474 billion, an increase of 3% as reported and
1% in constant currency(1)Recurring revenue was $367 million versus $351 million, an increase of 5% as reported and
3% in constant currency(1)Total revenue was $421 million versus $409 million, an increase of 3% as reported and 1% in constant currency(1)Recurring revenue was 87% of total revenue versus 86%GAAP gross margin was 60.8% versus 59.4%Non-GAAP gross margin was 62.0% versus 60.9%(2)GAAP operating margin was 12.8% versus 9.5%Non-GAAP operating margin was 22.8% versus 17.6%(2)GAAP diluted EPS was $0.38 versus $0.26 per shareNon-GAAP diluted EPS was $0.74 versus $0.53 per share(2)Cash flow from operations was $160 million compared to $156 millionFree cash flow was $151 million compared to $148 million(3)Full-Year 2025 Financial Highlights Compared to Full-Year 2024Public cloud ARR increased to $701 million from $609 million, an increase of 15% as reported and 13% in constant currency(1)Total ARR increased to $1.522 billion from $1.474 billion, an increase of 3% as reported and
1% in constant currency(1)Recurring revenue was $1.445 billion versus $1.479 billion, a decrease of 2% as reported and 3% in constant currency(1)Total revenue was $1.663 billion versus $1.750 billion, a decrease of 5% as reported and 5% in constant currency(1)Recurring revenue was 87% of total revenue versus 85%GAAP gross margin was 59.4% versus 60.5%Non-GAAP gross margin was 60.7% versus 61.7%(2)GAAP operating margin was 12.3% versus 11.9%Non-GAAP operating margin was 21.2% versus 20.3%(2)GAAP diluted EPS was $1.35 versus $1.16 per shareNon-GAAP diluted EPS was $2.58 versus $2.42 per share(2)Cash flow from operations was $305 million compared to $303 millionFree cash flow was $285 million compared to $277 million(3)Share repurchases of $140 million, resulting in a return of free cash flow of 49%OutlookFor the full-year of 2026:Total ARR growth of 2% to 4% year-over-year,Recurring revenue in the range of flat to 2% year-over-year,Total revenue range in the range of -2% to flat year-over-year,GAAP diluted EPS is expected to be in the range of $1.26 to $1.36Non-GAAP diluted EPS is expected to be in the range of $2.55 to $2.65 per share(2)Cash flow from operations of $330 million to $350 millionFree cash flow of $310 million to $330 million(3)For the first quarter of 2026:Recurring revenue in the range of 6% to 8% year-over-year,Total revenue in the range of 1% to 3% year-over-year,GAAP diluted EPS is expected to be in the range of $0.36 to $0.40 per shareNon-GAAP diluted EPS is expected to be in the range of $0.75 to $0.79 per share(2)Earnings Conference CallThe conference call will begin at 1:30 p.m. PT on February 10, 2026. Investors and participants may attend the call by dialing (646) 844-6383 and entering access code 738113. For investors and participants outside the United States, see global dial-in numbers here, and use access code 738113.The live webcast, as well as a replay, will be available on the Investor Relations page of the Teradata website at investor.teradata.com. Supplemental Financial Information                                                 Additional information regarding Teradata's operating results is provided below as well as on Teradata's website at investor.teradata.com.1.The impact of currency is determined by calculating the prior-period results using the current-year monthly average currency rates. See the foreign currency fluctuation schedule, which is used to determine revenue on a constant currency ("CC") basis, on the Investor Relations page of the Company's website at investor.teradata.com.

Revenue
(in millions)

For the Three Months ended December 31
2025
2024
% Change as
Reported
% Change in CCRecurring revenue$367
$351
5 %
3 %Perpetual software licenses, hardware and other1
3
(67 %)
(69 %)Consulting services53
55
(4 %)
(6 %) Total revenue$421
$409
3 %
1 %

Product Sales $368
$354
4 %
2 %Consulting Services53
55
(4 %)
(6 %) Total revenue$421
$409
3 %
1 %

Revenue
(in millions)

For the Twelve Months ended December 31
2025
2024
% Change as Reported
% Change in CCRecurring revenue$1,445
$1,479
(2 %)
(3 %)Perpetual software licenses, hardware and other17
23
(26 %)
(25 %)Consulting services201
248
(19 %)
(19 %) Total revenue$1,663
$1,750
(5 %)
(5 %)

Product Sales $1,462
$1,502
(3 %)
(3 %)Consulting Services201
248
(19 %)
(19 %) Total revenue$1,663
$1,750
(5 %)
(5 %)

As of December 31
2025
2024
% Change as
Reported
% Change in CCAnnual recurring revenue*$1,522
$1,474
3 %
1 %  Public cloud ARR**$701
$609
15 %
13 % The impact of currency on ARR is determined by calculating the prior period ending ARR using the current period end currency rates. * Total Annual Recurring Revenue ("Total ARR") is defined as the annual contract value for all active and contractually binding term-based contracts at the end of the period, including cloud, recurring AI services, subscriptions, hardware rental, maintenance, and software upgrade rights. The Company believes this is a useful metric to investors as it demonstrates progress toward achieving our strategic objectives as outlined in the Form 10-K and Form 10-Q. ** Public cloud ARR is defined as the annual contract value for all active and contractually binding term-based contracts at the end of a period that are operated in a public cloud environment. The Company believes this is a useful metric to investors as it demonstrates progress toward achieving our strategic objectives as outlined in the Form 10-K and Form 10-Q. 2.Teradata reports its results in accordance with GAAP. However, as described below, the Company believes that certain non-GAAP measures such as free cash flow, non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating income, non-GAAP operating margin, non-GAAP net income, and non-GAAP diluted earnings per share, all of which exclude certain items, and which may be reported on a constant currency basis, are useful for investors. Our non-GAAP measures are not meant to be considered in isolation to, as substitutes for, or superior to, results determined in accordance with GAAP, and should be read only in conjunction with our condensed consolidated financial statements prepared in accordance with GAAP. Each of our non-GAAP measures do not have a uniform definition under GAAP and therefore, Teradata's definition may differ from other companies' definitions of these measures.

The following tables reconcile Teradata's actual and projected results and EPS under GAAP to the Company's actual and projected non-GAAP results and EPS for the periods presented, which exclude certain specified items. Our management internally uses supplemental non-GAAP financial measures, such as gross profit, operating income, net income, and EPS, excluding certain items, to understand, manage and evaluate our business and support operating decisions on a regular basis. The Company believes such non-GAAP financial measures (1) provide useful information to investors regarding the underlying business trends and performance of the Company's ongoing operations, (2) are useful for period-over-period comparisons of such operations and results, that may be more easily compared to peer companies and allow investors a view of the Company's operating results excluding stock-based compensation expense and special items, (3) provide useful information to management and investors regarding present and future business trends, and (4) provide consistency and comparability with past reports and projections of future results.

For theThree Months

For theTwelve Months

(in millions, except per share data)
ended December 31

ended December 31

Gross Profit:
2025
2024
% Chg.
2025
2024
% Chg.GAAP Gross Profit
$256
$243
5 %
$987
$1,058
(7 %)   % of Revenue
60.8 %
59.4 %

59.4 %
60.5 %

Excluding:

Stock-based compensation expense
4
4

17
17

Reorganization and other costs
1
2

6
5

Non-GAAP Gross Profit
$261
$249
5 %
$1,010
$1,080
(6 %) % of Revenue
62.0 %
60.9 %

60.7 %
61.7 %

Operating Income

GAAP Operating Income
$54
$39
38 %
$205
$209
(2 %)   % of Revenue
12.8 %
9.5 %

12.3 %
11.9 %

Excluding:

Stock-based compensation expense
30
27

112
119

Reorganization and other costs
12
6

35
28

Non-GAAP Operating Income
$96
$72
33 %
$352
$356
(1 %) % of Revenue
22.8 %
17.6 %

21.2 %
20.3 %

Net Income

GAAP Net Income
$37
$25
48 %
$130
$114
14 % % of Revenue
8.8 %
6.1 %

7.8 %
6.5 %

Excluding:

Stock-based compensation expense
30
27

112
119

Reorganization and other costs
9
6

31
30

Income tax adjustments(i)
(5)
(6)

(24)
(25)

Non-GAAP Net Income
$71
$52
37 %
$249
$238
5 %% of Revenue
16.9 %
12.7 %

15.0 %
13.6 %

For the Three Monthsended December 31
For the Twelve Monthsended December 31
2026 OutlookEarnings Per Share:2025
2024
2025
2024
Q1
Guidance
FY
GuidanceGAAP Earnings Per Share$0.38
$0.26
$1.35
$1.16
$0.36 - $0.40
$1.26 - $1.36 Excluding:

Stock-based compensation expense0.31
0.27
1.16
1.21
0.29
1.22 Reorganization and other costs0.10
0.06
0.32
0.30
0.18
0.34 Income tax adjustments(i)(0.05)
(0.06)
(0.25)
(0.25)
(0.08)
(0.27)Non-GAAP Diluted Earnings Per Share $0.74
$0.53
$2.58
$2.42
$0.75 - $0.79
$2.55 - $2.65
i. Represents the income tax effect of the pre-tax adjustments to reconcile GAAP to Non-GAAP income based on the applicable jurisdictional statutory tax rate of the underlying item. Including the income tax effect assists investors in understanding the tax provision associated with those adjustments and the effective tax rate related to the underlying business and performance of the Company's ongoing operations. As a result of these adjustments, the Company's non-GAAP effective tax rate for the three months ended December 31, 2025, was 22.8% and December 31, 2024, was 17.5%. In addition, for the first quarter and full year 2025, we included a discrete tax adjustment of ($0.06) for the reversal of tax reserves due to the final settlement of an IRS audit in the first quarter of 2025. For the twelve months ended December 31, 2025, the Company's non-GAAP effective tax rate was 22.4% and December 31, 2024, was 24.0%.

3.As described below, the Company believes that free cash flow is a useful non-GAAP measure for investors. Free cash flow does not have a uniform definition under GAAP in the United States and therefore, Teradata's definition may differ from other companies' definitions of this measure. Teradata defines free cash flow as cash provided by/used in operating activities, less investing activities related to capital expenditures for property and equipment and additions to capitalized software ("total capital expenditures"). Teradata's management uses free cash flow to assess the financial performance of the Company and believes it is useful for investors because it relates the operating cash flow of the Company to the capital that is spent to continue and improve business operations. In particular, free cash flow indicates the amount of cash generated after capital expenditures which can be used for among other things, investments in the Company's existing businesses, strategic acquisitions, strengthening the Company's balance sheet, repurchase of Company stock and repay the Company's debt obligations. Free cash flow does not represent the residual cash flow available for discretionary expenditures since there may be other non-discretionary expenditures that are not deducted from the measure. This non-GAAP measure should not be considered as a substitute for, or superior to, cash flows from operating activities under GAAP.  (in millions)For the
Three Months
For the
Twelve Months

ended December 31
ended December 31
Outlook
2025
2024
2025
2024
2026

Cash provided by operating activities (GAAP)$160
$156
$305
$303
$330 to $350           Less total capital expenditures (9)
(8)
(20)
(26)
(~20)Free Cash Flow (non-GAAP measure)$151
$148
$285
$277
$310 to $330
Note to Investors
This release contains forward-looking statements within the meaning of Section 21E of the Securities and Exchange Act of 1934. 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," "focus," "see," "commit," "should," "project," "will," "would," "likely," "intend," "potential," or similar expressions. Forward-looking statements in this release include our 2026 first quarter and 2026 full year financial outlook and product innovation and demand. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially, including those relating to: the global economic environment and business conditions in general, including inflation, tariffs, and/or recessionary conditions; the ability of our suppliers to meet their commitments to us; the timing of purchases, migrations, or expansions by our current and potential customers, including our ability to retain customers; the rapidly changing and intensely competitive nature of the information technology industry, the data analytics business, and artificial intelligence capabilities; fluctuations in our operating, capital allocation, and cash flow results; our ability to execute and realize the anticipated benefits of our refreshed brand, business transformation program or restructuring, sales and operational execution initiatives, and cost saving initiatives, including the restructuring actions; risks inherent in operating in foreign countries, including sanctions, tariffs, foreign currency fluctuations, and/or acts of war; risks associated with data privacy, cyberattacks and maintaining secure and effective products for our customers, as well as, internal information technology and control systems; the timely and successful development, production or acquisition, availability and/or market acceptance of new and existing products, product features and services, including for our artificial intelligence, cloud, on-prem, and hybrid offerings; tax rates; turnover of our workforce and the ability to attract and retain skilled employees; protecting our intellectual property; availability and successful execution of new alliance and acquisition opportunities; subscription arrangements that may be cancelled or fail to be renewed; the impact on our business and financial reporting from the implementation of a new ERP system and changes in accounting rules; and other factors described from time to time in Teradata's filings with the U.S. Securities and Exchange Commission, including its most recent annual report on Form 10-K, and subsequent quarterly reports on Forms 10-Q or current reports on Forms 8-K, as well as Teradata's annual report to stockholders. Teradata does not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.About Teradata
Teradata is the AI platform built for the autonomous era. Our AI + Knowledge Platform and multifaceted AI Services help enterprises deploy solutions with deep domain expertise and full enterprise context. Wherever data resides—cloud, on-prem, or hybrid—Teradata connects and scales to deliver the performance AI needs. Learn more at Teradata.com.The Teradata logo is a trademark, and Teradata is a registered trademark of Teradata Corporation and/or its affiliates in the U.S. and worldwide. INVESTOR CONTACT
Chad Bennett
chad.bennett@teradata.com MEDIA CONTACT
Jennifer Donahue
jennifer.donahue@teradata.com

Schedule A

TERADATA CORPORATIONCONDENSED CONSOLIDATED STATEMENTS OF INCOME(in millions, except per share amounts - unaudited)

For the Period Ended December 31

Three Months
Twelve Months

2025
2024
% Chg
2025
2024
% ChgRevenue

Recurring

$       367
$        351
5 %
$            1,445
$1,479
(2 %)Perpetual software licenses, hardware and other

1
3
(67 %)
17
23
(26 %)Consulting services

53
55
(4 %)
201
248
(19 %)

Total revenue

421
409
3 %
1,663
1,750
(5 %)

Gross profit

Recurring

248
243

983
1,038

% of Revenue

67.6 %
69.2 %

68.0 %
70.2 %

Perpetual software licenses, hardware and other

-
(2)

4
-

% of Revenue

0.0 %
(66.7 %)

23.5 %
0.0 %

Consulting services

8
2

-
20

% of Revenue

15.1 %
3.6 %

-
8.1 %

Total gross profit

256
243

987
1,058

% of Revenue

60.8 %
59.4 %

59.4 %
60.5 %

Selling, general and administrative expenses

129
136

502
565

Research and development expenses

73
68

280
284

Income from operations

54
39

205
209

% of Revenue

12.8 %
9.5 %

12.3 %
11.9 %

Other expense, net

(1)
(9)

(27)
(45)

Income before income taxes

53
30

178
164

% of Revenue

12.6 %
7.3 %

10.7 %
9.4 %

Income tax expense

16
5

48
50

% Tax rate

30.2 %
16.7 %

27.0 %
30.5 %

Net income

$         37
$          25

$               130
$   114

% of Revenue

8.8 %
6.1 %

7.8 %
6.5 %

Net income per common share

Basic

$      0.40
$       0.26

$              1.38
$ 1.18

Diluted

$      0.38
$       0.26

$              1.35
$ 1.16

Weighted average common shares outstanding

Basic

93.0
95.5

94.4
96.4

Diluted

96.4
97.4

96.6
98.2

Schedule B

TERADATA CORPORATIONCONDENSED CONSOLIDATED BALANCE SHEETS(in millions - unaudited)

December 31,
September 30,
December 31,

2025
2025
2024Assets

Current assets

Cash and cash equivalents

$              493
$              406
$              420Accounts receivable, net

251
309
234Inventories

13
5
18Other current assets

80
91
77

Total current assets

837
811
749

Property and equipment, net

198
203
185Right of use assets - operating lease, net

7
7
8Goodwill

399
399
394Capitalized contract costs, net

42
35
46Deferred income taxes

209
212
226Other assets

87
94
96

Total assets

$            1,779
$           1,761
$            1,704

Liabilities and stockholders' equity

Current liabilities

Current portion of long-term debt

$                25
$                25
$                25Current portion of finance lease liability

50
56
57Current portion of operating lease liability

2
3
4Accounts payable

96
100
106Payroll and benefits liabilities

120
96
111Deferred revenue

533
527
512Other current liabilities

88
99
115

Total current liabilities

914
906
930

Long-term debt

431
437
455Finance lease liability

45
47
30Operating lease liability

4
5
5Pension and other postemployment plan liabilities

114
104
104Long-term deferred revenue

11
12
10Deferred tax liabilities

12
10
9Other liabilities

18
21
28

Total liabilities

1,549
1,542
1,571

Stockholders' equity

Common stock

1
1
1Paid-in capital

2,305
2,279
2,192Accumulated deficit

(1,923)
(1,923)
(1,913)Accumulated other comprehensive loss

(153)
(138)
(147)

Total stockholders' equity

230
219
133

Total liabilities and stockholders' equity

$            1,779
$           1,761
$            1,704

Schedule C

TERADATA CORPORATIONCONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(in millions - unaudited)

For the Period Ended December 31

Three Months
Twelve Months

2025
2024
2025
2024Operating activities

Net income
$                 37
$                 25
$                130
$                114

Adjustments to reconcile net income to net cash provided

by operating activities:

Depreciation and amortization
23
22
90
100Stock-based compensation expense
30
27
112
119Deferred income taxes
7
(16)
31
(11)Loss on Blue Chip Swap
-
1
1
4

Changes in assets and liabilities:

Receivables
58
13
(17)
52Inventories
(8)
(2)
5
(5)Current payables and accrued expenses
18
36
(48)
(1)Deferred revenue
5
27
22
(70)Other assets and liabilities
(10)
23
(21)
1

Net cash provided by operating activities
160
156
305
303

Investing activities

Expenditures for property and equipment
(9)
(7)
(19)
(24)Additions to capitalized software
-
(1)
(1)
(2)Business acquisitions and other investing activities, including loss on Blue Chip Swap-
(1)
(1)
(6)

Net cash used in investing activities
(9)
(9)
(21)
(32)

Financing activities

Repurchases of common stock
(38)
(29)
(140)
(215)Repayments of long-term borrowings
(6)
(6)
(25)
(19)Payments of finance leases
(18)
(17)
(69)
(71)Other financing activities, net
(2)
-
1
(1)

Net cash used in financing activities
(64)
(52)
(233)
(306)

Effect of exchange rate changes on cash and cash equivalents
-
(22)
22
(30)

Increase (decrease) in cash, cash equivalents and restricted cash
87
73
73
(65)Cash, cash equivalents and restricted cash at beginning of period
407
348
421
486

Cash, cash equivalents and restricted cash at end of period
$                494
$                421
$                494
$                421

Supplemental cash flow disclosure:

Non-cash investing and financing activities:

Assets acquired by finance leases
$                 10
$                   4
$                 77
$                 29Assets acquired by operating leases
$                    -
$                   4
$                   2
$                   5

Schedule D

TERADATA CORPORATIONCONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(in millions - unaudited)

For the Three Months Ended December 31
For the Twelve Months Ended December 31

2025
2024
% Change
As Reported
% Change Constant Currency (2)
2025
2024
% Change As Reported
% Change Constant Currency (2)Segment Revenue

Product Sales
$          368
$          354
4 %
2 %
$        1,462
$        1,502
(3 %)
(3 %)Consulting Services
53
55
(4 %)
(6 %)
201
248
(19 %)
(19 %)

Total segment revenue
421
409
3 %
1 %
1,663
1,750
(5 %)
(5 %)

Segment gross profit

Product Sales
251
244

998
1,049

% of Revenue
68.2 %
68.9 %

68.3 %
69.8 %

Consulting Services
10
5

12
31

% of Revenue
18.9 %
9.1 %

6.0 %
12.5 %

Total segment gross profit
261
249

1,010
1,080

% of Revenue
62.0 %
60.9 %

60.7 %
61.7 %

Reconciling items(1)
(5)
(6)

(23)
(22)

Total gross profit
$          256
$          243

$          987
$        1,058

% of Revenue
60.8 %
59.4 %

59.4 %
60.5 %

(1) Reconciling items include stock-based compensation, amortization of acquisition-related

intangible assets and acquisition, integration and reorganization-related items.

(2) The impact of currency is determined by calculating the prior period results using the current-year

     monthly average currency rates.

View original content:https://www.prnewswire.com/news-releases/teradata-reports-fourth-quarter-and-full-year-2025-financial-results-302684244.htmlSOURCE Teradata Corporation

Original: Teradata Reports Fourth Quarter and Full-Year 2025 Financial Results