Teradata Corporation

Ladies and gentlemen, thank you for standing by and welcome to the Q3 2019 Teradata Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during this session, you will need to press star 1 on your telephone. Please be advised that today's conference is being recorded. If you require any further assistance, please press star 0. I would now like to hand the conference over to your speaker today, Nabil El-Shashai. Thank you. Please go ahead, sir.

Good afternoon, and welcome to Teradata's 2019 third quarter earnings call. Vic Lund, Teradata's executive chairman and interim CEO, will lead our call today, followed by Mark Culhane, Teradata's CFO. Our discussion today includes forecasts and other information that are considered forward-looking statements. and many more. These risk factors are described as 10K, 10Q 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, other special items described in our earnings release including acquisition, reorganization related costs, asset impairment and many more. Thank you.

Good afternoon, everyone. Before Mark discusses our results, I want to take a few minutes to talk to you about our recent announcement regarding our CEO change. As you are aware, we announced that Oliver has stepped down as CEO. The Board of Directors and Oliver agreed that this was an appropriate time for a change in leadership. Oliver did a fantastic job of defining our strategy, and developing our vision centered on customer success. Our strong ARR growth this quarter demonstrates our strategy is working and that our customers are embracing it. However, the skills that make a great visionary are not always those that drive great execution. Our board believes we are at a point in our transformation where strong executional skills are required to continue to drive to a successful completion It is for this reason that the Board decided a change was required at this time. The Board is immediately commencing a CEO search to propel Teradata forward. We have an excellent search committee who will dedicate their efforts to finding the best person they can for this important role. I will not be a candidate, but I will support the new CEO through his or her onboarding to ensure that we have a seamless transition. We have the right strategy and vision, a solid team committed to our customer success, and market leading technology innovation, all of the right ingredients for us to be successful. As interim CEO, I, along with the rest of our leadership team, will ensure that our eyes are focused on execution and will drive to a successful 2020. Now, I'll turn the time over to Mark.