8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (date of earliest event reported): September 10, 2007

TERADATA CORPORATION

(Exact name of registrant as specified in its charter)

Commission File Number 001-00395

Delaware	75-3236470
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)

1700 S. Patterson Blvd.

Dayton, Ohio 45479

(Address of principal executive offices and zip code)

Registrant’s telephone number, including area code: (937) 445-5000

N/A

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2 below):

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 7.01 Regulation FD Disclosure.

On September 10, 2007, the Registrant began making presentations to the equity investment community in connection with its upcoming spin-off from NCR Corporation. A copy of the presentation is included as Exhibit 99.1 hereto.

On September 10, 2006, the Registrant issued a press release relating to such meetings and included a financial outlook as a standalone company. The press release is included as Exhibit 99.2 hereto.

The information contained in this Current Report on Form 8-K, including Exhibits 99.1 and 99.2, is furnished pursuant to Item 7.01 of Form 8-K and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, except as shall be expressly stated by specific reference in such filing.

Item 9.01 Financial Statements and Exhibits.

Exhibits:

The following exhibit is attached with this current report on Form 8-K:

Exhibit No.	Description
99.1	Presentation of the Registrant dated September 10, 2007
99.2	Press release dated September 10, 2007

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	TERADATA CORPORATION
Date: September 10, 2007	By:	/s/ Stephen Scheppmann
		Stephen Scheppmann
		Executive Vice President and Chief Financial Officer

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Index to Exhibits

Exhibit No.	Description
99.1	Presentation of the Registrant dated September 10, 2007
99.2	Press release dated September 10, 2007

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EX-99.1

Teradata Corporation

September 2007

Exhibit 99.1

2

>  9/9/2007

Note to Investors

•

Certain non-GAAP financial information regarding operating results

may be discussed during this presentation. Reconciliations of the

differences between GAAP and non-GAAP measures are available on

the

Investor

page

at

www.teradata.com/updates.

•

Remarks and responses associated with this presentation include

forward-looking statements that are based on current expectations

and assumptions.

These forward-looking statements are subject to a

number of risks and uncertainties that could affect our future results

and could cause actual results to differ materially from those

expressed in such forward-looking statements.

•

These risks and uncertainties are detailed in Teradata’s Registration

Statement on Form 10 and in our SEC reports, including, but not

limited to, our periodic and current reports on Forms 10-K, 10-Q, and

8-K, as well as the company’s annual report to shareholders.

3

>  9/9/2007

Operational/

Transactional Systems

Business Intelligence/

Analytical Applications

Transactional Databases

Information Technology Landscape

Enterprise Application

Integration

Informatica, IBM, Oracle

Oracle, SAP

Oracle, SAP, SAS, Business Objects,

Cognos, Microsoft, Teradata

Teradata

Oracle, IBM, Microsoft

IBM, BEA, TIBCO,

Oracle, SAP

Servers, Storage...

Servers, Storage...

Data Warehouse Databases

Oracle, IBM, Microsoft

Operational Systems

Help Run the Business

Analytic Systems Drive

Business Decisions

Data Acquisition

& Integration

Teradata

Teradata

4

>  9/9/2007

The Problem

Accts. Payable

Accts. Receivable

Invoicing

Sales/Orders

Finance G/L

Customer Support

HR

Payroll

Purchasing

Order Fulfillment

Manufacturing

Inventory …

Marketing

Supply Chain

Finance

Risk Management

Maintenance

Sales

Operations

Inventory

Call Center …

Proliferation

Proliferation

of Data Marts

of Data Marts

has resulted in

has resulted in

fragmented data, higher costs, poor decisions

fragmented data, higher costs, poor decisions

Operational

Systems

Decision

Makers

5

>  9/9/2007

The Teradata Solution

Accts. Payable

Accts. Receivable

Invoicing

Sales/Orders

Finance G/L

Customer Support

HR

Payroll

Purchasing

Order Fulfillment

Manufacturing

Inventory …

Enterprise

Enterprise

Data

Data

Warehouse

Warehouse

(EDW)

(EDW)

Integrated data provides consistency of data,

Integrated data provides consistency of data,

lower costs, better decisions

lower costs, better decisions

Marketing

Supply Chain

Finance

Risk Management

Maintenance

Sales

Operations

Inventory

Call Center …

Operational

Systems

Decision

Makers

6

>  9/9/2007

The Value of EDW

Product

Data

Transaction

Data

Customer

Data

Business

Value

EDW

Investment

Sales

+

Market Basket

+

Customer

+

Profitability

+

Inventory

Analysis

Analysis

Analysis

Analysis

Financial

Data

Supplier

Data

Data Mart Consolidation

7

>  9/9/2007

Investment Highlights

•

Leader in enterprise data warehousing…market moving our way

•

Significant Enterprise Data Warehouse Market opportunity with

compelling growth opportunities

>

$19B market, 6.3% CAGR

•

Strong and diversified customer base

>

850+ customers worldwide; installed base drives 85%+

of Teradata revenues

•

Consistent financial performance and strong cash flow 

•

Experienced management team 

8

>  9/9/2007

Teradata Market Position

Global 400 Penetration

Global 3000 Penetration

FIH –

Financial, Insurance, Healthcare

51%

55%

33%

51%

25%

Retail

Comm

FIH

Tr/Trans

Manuf

26%

31%

24%

24%

12%

Retail

Comm

FIH

Tr/Trans

Manuf

9

>  9/9/2007

Teradata Growth Opportunity

Data Warehouse Infrastructure Market for the Global 3000

($19B, 6.3% CAGR from 2007-2010)

Teradata

(EDW)

9%

9%

91%

Oracle

IBM

Microsoft

Others

2007

Source: IDC, Gartner, Teradata Analysis

10

>  9/9/2007

Market Moving To EDW

15%

65%

Today

Future

“Active”

EDW Need

Is Growing

Sources: Q2-2006 Teradata EDW/ADW Survey, Source: The 2006 Teradata Report on Enterprise Decision-Making

EDW Adoption

is Growing

Agree

85%

Disagree

3%

Neither

12%

“Do

you

have

a

centralized

EDW

today?

Will

you

have

one

in

the

future?”

“…

need

more

up-to-date

information

than

in

the

past…?”

11

>  9/9/2007

Next Generation EDW –

Active Data Warehousing

Active Data Warehousing

•

Extends strategic intelligence

(EDW) to front-line workers,

suppliers, customers, …

for operational decisions

•

Drives more users, decisions,

data, and mission-critical

environments

•

Provides customers with real-

time competitive advantage

Hundreds

of

Strategic Decisions

Hundreds of Thousands

of

Operational Decisions

Strategic

Intelligence

Operational Intelligence

12

>  9/9/2007

Teradata –

Industry-Leading Technology

Technology Demands

•

Extreme scalability

•

Extreme performance

•

Extreme availability

•

Extreme data load

and access

Mission critical 7 x 24

Teradata’s Multi-dimensional

Scalability

Data Volume

(Raw, User Data)

Schema

Sophistication

Query

Freedom

Query

Complexity

Query

Concurrency

Mixed

Workload

Query Data Volume

Data

Freshness

Teradata can scale

simultaneously across

multiple dimensions. 

Driven by business!

Competition scales one

dimension at the expense

of others.

Limited by technology!

13

>  9/10/2007

Gartner Data Warehouse Magic Quadrants

The Magic Quadrant is copyrighted

9/12/06 by Gartner, Inc. and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and

for a specific time

period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service

depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the "Leaders" quadrant. The Magic Quadrant is intended solely as a research

tool, and is not meant to be a specific guide to action. Gartner

disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or

fitness for a particular purpose.

Gartner Magic Quadrant for Data Warehouse

DBMS Servers, 2006

Feinberg, Hardcastle, Butler, Dawson (8/25/2006)

Gartner Magic Quadrant for Data Warehouse

DBMS, 2006

Feinberg & Beyer (9/2006)

Software

Hardware

14

>  9/9/2007

The Teradata Advantage

Integrated Business

5,500+ associates

Consulting Services

Sales

Support Services

Research &

Development

Marketing

Strategy & Planning

Integrated Solution

Implementation Services

Architecture Consulting

Services

Business

Consulting Services

Storage

Server

Analytic Applications

Support Services

Database Software

(inc. Tools and Utilities)

Logical Data Models

15

>  9/9/2007

Experienced Management Team

Saundra Davis

VP, Human Resources

22 years with NCR/Teradata

Michael Koehler

President & Chief Executive Officer

32 years with NCR/Teradata

Bruce Langos

Chief Operations Officer

31 years with NCR/Teradata

Stephen Scheppmann

EVP and Chief Financial Officer

19 years CFO experience

Robert Fair

EVP, Global Field Operations

22 years with NCR/Teradata

Daniel Harrington

EVP, Technology & Support Services

22 years with NCR/Teradata

Laura Nyquist

General Counsel &

Corporate Secretary

21 years with NCR/Teradata

Darryl McDonald

Chief Marketing Officer

25 years with NCR/Teradata

Peter Hand

President, APJ Region

27 years with NCR/Teradata

Rocky Blanton

President, Americas Region

25 years with NCR/Teradata

Hermann Wimmer

President, EMEA Region

11 years with NCR/Teradata

Scott Gnau

Chief Development Officer

12 years with NCR/Teradata

Robert Young

VP, Financial Planning & Operations

29 years with NCR/Teradata

Stephen Brobst

Chief Technology Officer

8 years with NCR/Teradata

16

>  9/9/2007

Growing Revenue and Operating Income

Revenue

$ in

millions

Operating Income

7%

(1)%

12%

9%

6%

7-9%

Revenue Growth Rate

8%

10%

15%

19%

20%

20-21%

Operating Margin

1,217

1,203

1,349

1,467

1,560

2002

2003

2004

2005

2006

2007G

96

124

199

284

312

2002

2003

2004

2005

2006

2007G

17

>  9/9/2007

Revenue Reporting & Operating Segments

Operating Segments

Revenue Breakdown

2006

Products (SW/HW revenues)

$   820

Professional & Install Services

404

Support Services Revenue

336

Total

Teradata

Revenue

$1,560

18

>  9/9/2007

Pro forma Financial Performance

1)

Revenue and Operating Income adjusted downward from previously reported results for business activity

unrelated to Teradata going forward.

2)

Assumes a 30% tax rate in all years.  As part of NCR, Teradata’s earnings were taxed at lower tax rates.

181.1M diluted shares outstanding

$0.31

$1.09

$1.14

$0.50

$0.76

27%

31%

27%

37%

41%

2002

2003

2004

2005

2006

2007G

$0.31

$1.09

$1.14

$0.50

$0.76

27%

31%

27%

37%

41%

2002

2003

2004

2005

2006

2007G

$0.37

$1.21

$1.10

$0.77

$0.48

2002

2003

2004

2005

2006

2007G

30%

$0.37

$1.21

$1.10

$0.77

$0.48

2002

2003

2004

2005

2006

2007G

30%

EPS

(Actual

tax

rate

%)

(1)

EPS

(Normalized

tax

rate)

(1)

(2)

19

>  9/9/2007

Target Operating Model

EPS Assumption

Tax Rate

Operating Margin

Revenue Growth

14-18% CAGR

$1.12-$1.17

(3)

~30%

39%

(2)

22-23%

20-21%

(1)

7-9%

7-9%

Long-Term Objective

FY 2007 Guidance

Revenue Growth Objective:  Grow 30% faster than the market

Margin Expansion Objectives:

•

Short Term -

Absorb $25-30M of incremental costs

•

Longer Term -

Expect to expand margins, while continuing to invest in:

>

Sales & Marketing

>

Consulting

>

Solutions

>

R&D

>

Partnerships

1)

Includes pension expense and incremental costs associated with Teradata being an independent publicly-traded company.

2)

Assumes

the

37%

tax

rate

applied

to

Teradata’s

2006

financial

results

included

in

the

Form

10,

and

includes

a

$7

million

,

or

2

percentage points of

impact

on

the

tax

rate,

from

a

tax

adjustment included

in

NCR’s

2007

second quarter results.

3)

In addition, there may be one-time costs associated with the spin-off, including, but not limited to, the establishment of a

tax valuation allowance.

20

>  9/9/2007

Strong Cash Flow

137

151

68

55

58

219

192

181

123

2005

Shown in $ Millions

2006

Free Cash Flow is defined as “Cash from Operations”

less “Capital Expenditures”

for Property, Plant and Equipment and

additions to Capitalized Software

Cash from Operations

Less:  Capital

Expenditures

Free Cash Flow

Capital Expenditures expected to have a baseline of

$75-80M/year with normal inflationary increases

2004

21

>  9/9/2007

Strong Balance Sheet

Strong liquidity

$200M cash (opening balance on Sept 30,2007)

Negotiating $300M credit facility

Solid Capital Structure

477 

548

Total Shareholders Equity

0 

0

Total long-term debt

244 

244

Deferred Revenue

983 

993

Total Assets

217 

71

Working Capital

Pro Forma

Historical

($ in millions)

As of June 30, 2007

22

>  9/9/2007

Going Forward: Drive Value

Teradata is investing to help Customers drive value

from EDW…

and drive Teradata’s future growth

•

Increase Market Coverage

>

Sales, Consulting, and Partners

•

Expand Solutions and Offers

>

Teradata and Partner Solutions

•

Extend Technology Leadership

>

Enterprise & Active Data

Warehousing

Target

Revenue

7-9% growth

EPS

14-18% CAGR

Teradata

The Leader in Enterprise Data Warehousing

NYSE: TDC

NYSE: TDC

EX-99.2

Exhibit 99.2

	1700 South Patterson Boulevard Dayton, OH 45479 NEWS RELEASE
For further information:
Dian Terry	Gregg Swearingen
Teradata Division	Investor Relations
NCR Corporation	NCR Corporation
(937) 445-2225	937-445-4700
dian.terry@teradata.com	gregg.swearingen@ncr.com

For Release on September 10, 2007

Teradata Begins Investor Meetings on the Road to Becoming Independent

Management maintains previous operational guidance for full-year 2007 and provides long-term outlook for

Teradata as stand-alone company

DAYTON, Ohio – Teradata, a division of NCR Corporation (NYSE: NCR), today announced that it is beginning to make presentations to the equity investment community in preparation for the planned Sept. 30, 2007 spin off of the Teradata data warehousing business from NCR. The meetings will be led by Mike Koehler, president and chief executive officer of Teradata Corporation (Teradata). Other members of the Teradata leadership team will also participate, including Steve Scheppmann, chief financial officer; Darryl McDonald, chief marketing officer, and Bob Young, vice president of financial planning and operations.

The Teradata road show presentation, which includes financial guidance for 2007 and longer-term objectives, is available on Teradata.com and on the NCR investor relations home page, http://investor.ncr.com/. Teradata management will discuss this financial guidance during the meetings with the investment community.

Financial Outlook

Assuming completion of its separation from NCR on Sept. 30, 2007, Teradata expects revenue growth for the year ending Dec. 31, 2007 of 7 to 9 percent from 2006 revenue of $1.560 billion. For the year ending Dec. 31, 2007, the company also expects operating margin, including pension expense and ongoing incremental costs associated with Teradata operating as an independent, publicly-traded company, of 20 to 21 percent. Assuming a 39 percent effective tax rate (1),

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earnings per share (EPS) is expected to be $1.12 to $1.17 per diluted share. This includes 4 cents per share of negative impact from the tax adjustment included in NCR’s 2007 second quarter results.

Teradata is also establishing long-term objectives of 7 to 9 percent revenue growth and 22 to 23 percent operating margin, including pension expense and the incremental costs associated with Teradata being an independent, publicly-traded company. Assuming a 30 percent effective tax rate, Teradata’s objective is to generate 14 to 18 percent EPS improvement per year over the longer-term. Specific guidance for 2008 will be provided at the beginning of the year.

“With organizations all over the world increasingly turning to enterprise data warehouse solutions to help drive their success, Teradata is well positioned to generate value for shareholders,” said Koehler. “As a global leader in enterprise data warehousing, including enterprise analytics technologies and services, we have the highest performing technologies, the most experienced people, a diversified and unmatched customer base and the financial strength to build for the future. We look forward to bringing our story to the investment community.”

On Aug. 28, 2007, NCR announced that its Board of Directors approved and set a record date and distribution date for the spin off of its Teradata data warehousing business. The Board also declared a dividend of one share of common stock of Teradata for each share of NCR common stock held. The distribution of Teradata common stock is expected to occur on Sunday, Sept. 30, 2007, by way of a pro rata stock dividend to NCR stockholders of record as of the close of business on Sept. 14, 2007, which is the record date for the distribution.

(1) Teradata’s 2007 guidance uses a 39 percent effective tax rate which includes a two-percentage-point impact, or 4 cents per share, related to Teradata’s portion of the tax adjustment included in NCR’s 2007 second quarter results. Going forward, as a result of yet-to-be-implemented tax strategies and changes in the legal entity structure of Teradata Corporation, Teradata’s longer-term objective is to have an effective tax rate of approximately 30 percent.

About Teradata Division

Teradata (www.teradata.com), a division of NCR Corporation (NYSE: NCR), is the global technology leader in enterprise data warehousing, analytic applications and data warehousing services. Organizations around the world rely on the power of Teradata’s award-winning solutions to get a single, integrated view of their business to enhance decision-making, customer relationships and profitability. As a growing business, Teradata is always looking for outstanding talent. To learn more about Teradata career opportunities, visit www.teradata.com/careers.

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About NCR Corporation

NCR Corporation (NYSE: NCR) is a leading global technology company helping businesses build stronger relationships with their customers. NCR’s Teradata^® data warehouses, ATMs, retail systems, self-service solutions and IT services provide Relationship Technology™ that maximizes the value of customer interactions and helps organizations create a stronger competitive position. Based in Dayton, Ohio, NCR (www.ncr.com) employs approximately 29,650 people worldwide.

# # #

NCR and Teradata are trademarks or registered trademarks of NCR Corporation in the United States and other countries.

Note to Investors

This news release contains forward-looking statements, including statements as to anticipated or expected results, beliefs, opinions and future financial performance, within the meaning of Section 21E of the Securities and Exchange Act of 1934. Forward-looking statements include projections of revenue, profit growth and other financial items, future economic performance and statements concerning analysts’ earnings estimates, among other things. These forward-looking statements are based on current expectations and assumptions and involve risks and uncertainties that could cause Teradata’s actual results to differ materially.

In addition to the factors discussed in this release, other risks and uncertainties could affect our future results and could cause actual results to differ materially from those expressed in such forward-looking statements. Such factors include those related to: the uncertain economic climate and its impact on the markets in general or on the ability of our suppliers to meet their commitments to us, or the timing of purchases by our current and potential customers, and other general economic and business conditions; the impact of our separation from NCR and risks relating to our ability to operate effectively as a stand-alone, publicly traded company; changes in our cost structure, management, financing and business operations following our separation from NCR; the rapidly changing and intensely competitive nature of the information technology industry and the data enterprise warehousing business, including the increasing pressure on price/performance for data warehousing solutions; fluctuations in our operating results, unanticipated delays or accelerations in our sales cycles and the difficulty of accurately estimating revenues; risks inherent in operating in foreign countries, including the impact of economic, political, legal, regulatory, compliance, cultural, foreign currency fluctuations and other conditions abroad; the timely development, production or acquisition and market acceptance of new and existing products and services, including our ability to accelerate market acceptance of new products and services; tax rates; turnover of workforce and the ability to attract and retain skilled employees; availability and

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successful exploitation of new acquisition and alliance opportunities; changes in Generally Accepted Accounting Principles (GAAP) and the resulting impact, if any, on the company’s accounting policies; continued efforts to establish and maintain best-in-class internal information technology and control systems; and other factors described in Teradata Corporation’s Registration Statement on Form 10, and those factors that will be detailed from time to time in the company’s U.S. Securities and Exchange Commission reports and the company’s annual reports to stockholders. The company does not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.