Teradata Corporation

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 Terra Data Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question during this time, simply press star then the number one on your telephone keypad. If you would like to withdraw your question, you may press the pound key. With that, I would now like to turn the call over to SVP of Finance and Investor Relations, Nabeel Elshishai. Please go ahead.

Good afternoon and welcome to Teradata's 2019 Second Quarter Earnings Call. Oliver Ratzisberger, Teradata's President and Chief Executive and the rest of the Board of Trustees. 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.

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 and 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 three 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. The great value Teradata provides is the same powerful analytics, insights, and answers in the cloud as on premises. And today, I will provide a number of examples. We're continuing our strong transformation to a software-driven, subscription-based recurring revenue business. Third, customers are recognizing the value that comes from investing in a Vantage Analytics ecosystem that aligns to the needs of today and tomorrow. Going far beyond the old-school data warehousing to an environment where autonomous decision-making is an essential capability. And this is our sweet spot.