Teradata Corporation (NYSE:TDC) Q2 2019 Earnings Conference Call Transcript

Aug 01, 2019 • 05:00 pm ET

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Teradata Corporation (NYSE:TDC) Q2 2019 Earnings Conference Call Transcript

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Presentation
Operator
Operator

Good afternoon, ladies and gentlemen. My name is Julie, and I will be your conference operator today. I would like to welcome everyone to the Q2 2019 Teradata Earnings Conference Call. [Operator Instructions]

With that, I would now like to turn the call over to SVP of Finance and Investor Relations, Nabil Elsheshai. Please go ahead.

Executive
Nabil Elsheshai

Good afternoon, and welcome to Teradata's 2019 Second Quarter Earnings Call. Oliver Ratzesberger, Teradata's President and Chief Executive Officer, will lead our call today; followed by Mark Culhane, Teradata's CFO, who will then discuss our financial results.

Our discussion today includes forecasts and other information that are considered forward-looking statements. While these statements may 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 and 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 related cost, 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, which is accessible at investor.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 Oliver.

Executive
Oliver Ratzesberger

Good afternoon, everyone. I'm pleased to provide an update on our business and the positive strides we are continuing to make as we execute on our strategy. We are uniquely helping the world's leading companies achieve competitive advantage with data analytics through our best-in-class Vantage analytics platform for real-time intelligence at scale. Everyone is aware that today businesses must operate in a digital environment.

Data analytics are no longer a byproduct of doing business, rather they are at its foundation. Teradata is uniquely positioned to guide and enable our customers to excel in this digital environment. Our unmatched technology available in multi-cloud, hybrid cloud and on-prem and our relentless focus on customer success are keys to why we win. On today's call, I will share 3 key takeaways with you, and then Mark will cover our financial results.

First, we are advancing our cloud position and seeing increased interest in our cloud offers. A great value Teradata provides is the same powerful analytics, insides and answers in the cloud as on-premises. And today, I will provide a number of examples. Second, we are continuing our strong transformation to a software-driven subscription-based recurring revenue business. Third, customers are recognizing the value that comes from investing in advantage analytics ecosystem that aligns to the needs of today and tomorrow. And we're far