secwatch.observer — SEC 8-K summary
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Issuer:     TERADATA CORP /DE/ (TDC)
CIK:        0000816761
Form:       8-K
Filed at:   2023-12-07T23:59:59+00:00
Accession:  0000816761-23-000037
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Teradata warns FY2023 Public Cloud ARR may land at low end or below 53-57% guidance
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- CFO noted elongated deal cycles; a low-eight-figure transaction could slip to 2024.
- Public Cloud ARR guided 53%-57% in Q3; now could end at low end or slightly below the range.
- Company is not updating other 2023 guidance (revenue, EPS, free cash flow, total ARR).
- Disclosure made at Barclays Global Technology Conference on Dec 7, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/816761/000081676123000037/0000816761-23-000037-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/816761/000081676123000037/tdc-20231207.htm
  HTML page:      https://secwatch.observer/filing/0000816761-23-000037

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer