Rookie CEO and newbie CFO combination is not good. First, only 1% revenue growth. Second, confusing answers on new logos. Third, incoherent answer to why full year estimate is down. On the job training because we can’t attract experienced leaders. Compare SM to FS at SF. Investors are losing what little confidence they had.
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The only chance to rescue TD at this stage is WallStreetBets and becoming a meme stock. It can't grow, it can't wait it through as the cloud migrations will just accelerate, it can't slash costs (=TD employees) forever. So how about TD employees do sth useful for a difference and post on social media?
CTO? You mean SB the zen guru? A true waste of oxygen.
what's up with "record number of cloud deals" yet didn't they say a grand total of $9m? Out of 2B in sales? Ooooch.
Hearing a company talk about being cloud-first in 2021 is concerning. TDC gets <15% of revenue from cloud so that tells you it’s still an on-prem legacy business. Why did it take so long to see what Snowflake saw ten years ago? Do they have a CTO? Imagine hearing Snowflake say they are cloud-first like that impresses people. It’s embarrassing.
The quarterly revenue post shows how lukewarm this company is. #TreadingWater
Lowering guidance from 100% cloud growth (from a low revenue base) to 90% while saying your pipeline is the largest ever, you’ve hired more cloud salespeople, and you are “cloud first” is flat out id--tic. SM is not cut out for the job.
Q4 is going to be squeaky b-m time for earnings.
Traditionally the biggest quarter of the year, the pressure is really on now.
Perform or transform - directly and rapidly into a PE business via a fire sale. Just like the Marketing Apps business, it’s history repeating itself. Don’t pass Go - don’t collect $200.
It’s not revenue growth when compared with the previous 3 quarters though. It’s significantly down on Q2 and that simply confirms the inevitable decline of this mismanaged business - it’s the Blockbuster Video of the database world.
No one can be bothered to visit the store anymore when Netflix can entertain you without ever leaving the house.
Sept 30, 2021. 460.00M
June 30, 2021 491.00M
March 31, 2021 491.00M
Dec. 31, 2020 491.00M
Sept. 30, 2020 454.00M
June 30, 2020 457.00M
March 31, 2020 434.00M
Dec. 31, 2019 494.00M
Sept. 30, 2019 459.00M
June 30, 2019 478.00M
March 31, 2019 468.00M
Dec. 31, 2018 588.00M
Sept. 30, 2018 526.00M
June 30, 2018 544.00M
March 31, 2018 506.00M
Dec. 31, 2017 626.00M
Sept. 30, 2017 526.00M
June 30, 2017 513.00M
March 31, 2017 491.00M
Dec. 31, 2016 626.00M
Sept. 30, 2016 552.00M
June 30, 2016 599.00M
March 31, 2016 545.00M
Dec. 31, 2015 719.00M
Sept. 30, 2015 606.00M
June 30, 2015 623.00M
I fully expect to be unemployed next week.
"Cloud First", my a--. The stock cratered because they missed the mark on recurring cloud revenue.
Down over 8. I imagine it will continue to crater. Pteradactl just can’t get it together.
They confused the analysts by saying the cloud pipeline and funnel were bigger than ever, all the deals were closing, then lowering their estimate. Really bad messaging. Then they rambled on with their answers and spoke over each other. This is why rookie CEOs don’t usually work out
Sounds like the *hit hits the fan Q4
SM - lots of buzzwords. Announcement of strategic partnerships is all it is. I have not seen any partnership that TDC has ever announced be successful. They are for marketing purposes only. They never work at the corporate level, and only at individual opportunity levels where there is interest by both parties. All the positive Cloud news was 95% migrating long-term customers to the cloud. This has nothing to do with Vantage differentiation, but clients desire to hop on the cloud momentum as part of their strategy, and probably seeking cost reductions from on-prem implementations.