Teradata Corporation (NYSE:TDC) Q4 2018 Earnings Conference Call Transcript

Feb 07, 2019 • 05:00 pm ET


Teradata Corporation (NYSE:TDC) Q4 2018 Earnings Conference Call Transcript


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Good afternoon, my name is Sheryl and I will be your conference operator today. At this time, I would like to welcome everyone to the Teradata Q4 2018 Earnings Conference Call. (Operator Instructions) After the speaker's remarks, there will be a question-and-answer session. (Operator Instructions)

Thank you. Mr. Gregg Swearingen, VP of Investor Relations, you may begin your conference.

Gregg Swearingen

Good afternoon and welcome to Teradata's 2018 Fourth Quarter and Year-End Earnings Call. Vic Lund, Teradata's new Chairman will begin our call today, followed by Oliver Ratzesberger, our new President and Chief Executive Officer, then Mark Culhane, CFO will discuss our financial results and provide our guidance for 2019.

Our discussion today includes forecasts and other information that are considered forward-looking statements. While these statements reflect our current outlook, they are subject to a number of risks and uncertainties that could cause actual results to differ materially. These risk factors are described in Teradata's 10-K, 10-Q and other filings with the SEC.

On today's call, we will be discussing certain non-GAAP financial information, which excludes such items as stock-based compensation expense and other special items described in our earnings release, including acquisition, reorganization, transformation-related costs, asset impairments and capitalized software development costs. We will also discuss other non-GAAP items, such as free cash flow and constant-currency revenue comparisons.

A reconciliation of our GAAP results to our non-GAAP results and other information concerning these measures is included in our earnings release and on the Investor page of teradata.com. A replay of this conference call will be available later today on our website. Teradata assumes no obligation to update or revise the information provided during this conference call, whether as a result of new information or future results.

And now, I will turn the call over to Vic.

Victor Lynn Lund

Thank you, Greg. I would like to add my welcome. Almost three years ago, I was given the honor of becoming President and CEO of Teradata. In my initial calls, I laid out my goals. First, in conjunction with the Teradata team, to develop a customer-centric strategy that would drive our profitable growth into the future. Second, develop a team capable of driving that strategy, which would include the next CEO of Teradata.

The announcement of Oliver as CEO and our strong fourth quarter results, are an endorsement that these objectives have been met. It is now time for a new leader to drive our ongoing success. Oliver is the right person at the right time. He has an understanding of what makes us special, a seasoned view of our customer's needs. The confidence of our Board and our team and the pragmatic intelligence seasoned by experience to continue, to drive our business forward.

While there is still much to be accomplished. My confidence in our strategy and our team has never been stronger. Oliver?

Oliver Ratzesberger

Good afternoon, everyone. I would like to start by thanking Vic as he transitions to his new role as Executive Chairman of our Board. His leadership and guidance has been invaluable,