Demand and volumepositive · 5 filings
“Public Cloud ARR growth in t he second quarter of 2026 was primarily driven by customer demand of our Public Cloud offering and customer migrations.”10-Q · Aug 5, 2026 ↗
Teradata Corporation
TDC
Market read
Teradata Corporation's current read is isolated; its market group is not confirming.
The latest filing evidence is available. 0 of 7 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 9 directly disclosed connections are confirming.
What changed
- Revenue increased 0.5% versus the comparable filing period.
Company-1.8% todayVolume comparison unavailable
Market group0 of 7 activeNo Coherent Theme · unavailable
Disclosed network0 of 8 confirmingNo filing-linked name is confirming now
What would change this read
Watch this read- Teradata attributes Public Cloud ARR growth to customer demand and migrations, making the stated source of cloud growth a current operating detail to compare.
- SG&A included $121 million of expenses related to the SAP litigation and settlement, driving a year-over-year SG&A increase.
Invalidation: The isolated read changes if TDC's group or a disclosed connection begins moving with it.
Research brief
The story so far
The latest filing evidence is available. 0 of 7 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 9 directly disclosed connections are confirming.
Evidence that supports
- Revenue increased 0.5% versus the comparable filing period.
- Operating margin improved 5.8 percentage points.
- Net income increased 411.1% versus the comparable filing period.
Evidence that challenges
No thresholded adverse filing evidence is available yet.
What would clarify the read
- Teradata attributes Public Cloud ARR growth to customer demand and migrations, making the stated source of cloud growth a current operating detail to compare.
- SG&A included $121 million of expenses related to the SAP litigation and settlement, driving a year-over-year SG&A increase.
Company research
Understand the business, not just the ticker
Business model and earnings drivers
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
Key research questions
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
Annual periods9
Price observations327
Usable filing statements86
Verified relationships9
Evidence supporting the case
- Net margin changed +1.3 percentage points in the latest annual period.
- Demand and volume has repeated favorable evidence across 5 filings.
Evidence challenging the case
- Latest annual revenue changed -5.0% year over year.
Questions before a position
- EV/sales is 110% above the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context
Price as of Sep 10, 2026
27.376m+0.3%12m+29.9%24m—
Annual trajectory
Reported annual revenue and per-share history. This is accounting history, not a forecast.
PeriodRevenueYoYDiluted EPSShare change
2021-12-31$1.9B+4.4%$1.30+1.2%
2022-12-31$1.8B-6.4%$0.31-6.3%
2023-12-31$1.8B+2.1%$0.61-3.2%
2024-12-31$1.8B-4.5%$1.16-4.1%
2025-12-31$1.7B-5.0%$1.35-1.6%
What management says matters
Persistent and emerging business drivers
Credit and interest ratesnegative · 4 filings
“Other Income (Expense), net In millions 2026 2025 Interest income $ 3 $ 3 Interest expense (6) (7) Other 476 (4) Other income (expense), net $ 473 $ (8) Other income (expense), net in the first quarter of 2026 and 2025 is comprised primarily of, legal expense…”10-Q · May 6, 2026 ↗
Product pipeline and R&Dmixed · 4 filings
“The effective tax rates for the three months ended June 30, 2026 and 2025 were as follows: 2026 2025 Effective tax rate 2.1 % 30.8 % For the three months ended June 30, 2026, the Company recorded $12 million of net discrete tax benefit, a majority of which re…”10-Q · Aug 5, 2026 ↗
Restructuring and cost reductionsmixed · 4 filings
“R&D ex pe nses increased for the first six months of 2026 as compared to prior year, due to investments in Public Cloud and AI-related technology opportunities offset in part by continued cost reduction initiatives.”10-Q · Aug 5, 2026 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales 1.6× · EV/sales 1.6×. Comparisons use only industry-matched filing peers.
Scenario scaffold
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
27.37-1.8% today
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for TDC. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Latest filing assessment
Fundamentals strengthened in the latest filing
10-Q filed 2026-08-05 against the comparable filing from 2025-08-06.
OperationsconstructiveEvidence score +3
liquidityneutralEvidence score 0
valuationdiscount
Capital and cash conversion
Reported investment and cash context
- Capital spending YoY
- +120.0%
- Capital spending / revenue
- +1.3%
- Free-cash-flow margin
- +58.1%
- FCF margin change
- +52.5 pts
Capex, revenue, and operating cash flow are matched to the same reported duration. Reported accounting context, not a forecast or trading recommendation.
What improved
- Revenue increased 0.5% versus the comparable filing period.
- Operating margin improved 5.8 percentage points.
- Net income increased 411.1% versus the comparable filing period.
What weakened
No thresholded deterioration was identified.
Filing receipts
“Consulting services gross profit as a percentage of revenue increased as compared to the prior year primarily due to cost reduction efforts taken over the past year.”
“Gross Profit % of % of In millions 2026 Revenue 2025 Revenue Recurring $ 243 66.9 % $ 235 66.4 % Perpetual software licenses, hardware and other 2 25.0 % — — % Consulting services (2) (5.1) % (5) (9.8) % Total gross profit $ 243 59.3 % $ 230 56.4 % The increase in recurring revenue gross profit as a percentage of revenue was primarily due to continued improvement in our Public Cloud margin rate, offset in part by a higher mix of Public Cloud revenues versus on-premises revenue as compared to the prior-year period.”
“Gross margin increased to 59.3% in the second quarter of 2026 from 56.4% in the second quarter of 2025, primarily due to a greater mix of recurring revenue in the period.”
Historical filing backfill generated after the original filing window. It is not part of Jodie's live track record.
Business ecosystem
The relationships behind TDC
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
MSFTMicrosoft CorporationpartnerFeb 27, 2026 ▾
“As part of our strategy, our relationships with public cloud service providers, Amazon Web Services ("AWS"), Google Cloud, and Microsoft Azure , could impact our business.”
DELLDell Technologies Inc.supplierFeb 27, 2026 ▾
“In addition, we buy servers from Dell Technologies Inc., storage disk systems from NetApp, Inc., and graphics processing units ("GPU") from NVIDIA.”
NTAPNetApp, Inc.supplierFeb 27, 2026 ▾
“In addition, we buy servers from Dell Technologies Inc., storage disk systems from NetApp, Inc., and graphics processing units ("GPU") from NVIDIA.”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 7 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
TDC is currently a Early Follower in the organic co-movement group No Coherent Theme. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
This group is retained as the last observed read for TDC; it is not active in the latest market snapshot.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.