It’s official now. Snowflake trailing 12 months revenue over $2B. TDC forecasting only 1.6B in 2023. Case study on how a company lost its way in its core market. Kodak, Borders, Blockbuster, K-Mart, Teradata. #TDCGotSnowBalled
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I am taking MBA classes and one of my professors literally used Teradata and Snowflake as a example of the failure of an “old Technology” being replaced by a startup. The slide before that was Kodak film being replaced by Digital.
The failure of Teradata is being taught as a case study now.
I am so glad I am gone.
The passive board may be the biggest issue. They have just sat back and done nothing while approving excessive compensation not tied to revenue growth. They are happy collecting good money for a few hours time each quarter. Sad and depressing place to work.
This board put in a grocer as CEO, then two first time CEOs what do you expect? The CTO is past his sell by date. CPO at best a decent product manager but out of her depth managing engineering. CSO, CMO, diversity, check in box. And the board are supposed to represent the shareholders.
Far under 2B. Cooking the books.
Isn't Teradata like 45 years old and still under $2B? How is this even possible since the analytics market has been growing like crazy the past 15 years. The board of directors should be ashamed for taking any compensation at all.