Teradata Corp (TDC)

Pretax margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	117,000	97,000	94,000	66,000	63,000	103,000	112,000	175,000	192,000	153,000	124,000	62,000	-24,000	-39,000	-25,000	-17,000	-13,000	18,000	24,000	25,000
Revenue (ttm)	US$ in thousands	1,986,000	1,979,000	1,948,000	1,914,000	1,952,000	1,970,000	2,013,000	2,075,000	2,058,000	2,064,000	2,049,000	1,992,000	1,915,000	1,890,000	1,889,000	1,886,000	1,899,000	1,993,000	1,530,000	1,597,000
Pretax margin		5.89%	4.90%	4.83%	3.45%	3.23%	5.23%	5.56%	8.43%	9.33%	7.41%	6.05%	3.11%	-1.25%	-2.06%	-1.32%	-0.90%	-0.68%	0.90%	1.57%	1.57%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $117,000K ÷ $1,986,000K
= 5.89%

Teradata Corp's pretax margin has shown fluctuations over the past eight quarters. In Q4 2023, the pretax margin stood at 6.38%, higher than the previous quarter's 5.31%. This improvement suggests better control over operating expenses relative to revenue. However, compared to Q2 and Q3 of 2022 when the pretax margin exceeded 6%, the recent margin is still below those levels.

In Q1 2022, Teradata Corp recorded a pretax margin of 9.11%, the highest among the reported quarters, indicating strong profitability before taxes. The subsequent decline in margins could be attributed to various factors such as changes in revenue, operating efficiency, or cost management.

Overall, the trend in Teradata Corp's pretax margin shows fluctuations, and a closer examination of the company's financial performance and operational efficiency in each period would provide more insights into the factors driving these fluctuations.