Why Do We Steer Clear of TDC?
Offerings couldn’t generate interest over the last year as its billings have averaged 6.2% declines
Projected sales decline of 2.5% over the next 12 months indicates demand will continue deteriorating
Sky-high servicing costs result in an inferior gross margin of 59.3% that must be offset through increased usage
November 4 will be interesting.
We knew it would be bad because this is the first time TDC earnings has been released on a Tuesday. It's always on a Thursday, with the occasional Monday. Yet for this quarter, Tuesday was chosen so the earnings would get buried/overshadowed by election day news.
Looks like revenue is down yoy and expectations are now negative going forward.
The leprechaun must have run out of headcount to layoff to offset the losses and terrible leadership.
We will see just how healthy it is tomorrow when 'earnings' (or lack of) are announced...
@jy this forum is far from reality, Teradata business is healthy. People insult me and call me SM but I know it's all projection. People really need to get things in order in their own houses, it's not 2020 anymore people need to put on their big boy pants and get back to work.
Under the leprechaun the only thing hes consistently been able to do is make less revenue yoy.
Everyone sees that hes using layoffs to offset fewer and fewer customers.
The BOD should be ashamed of themselves for allowing it to continue.
@b2 thanks for having the energy to reply to people who seem to get off on negative Nostradamus predictions. I really get annoyed with them being able to post this garbage but responding to them seems to fuel them more. I wonder who has the time to spew so much obvious hate for the company hoping for it to crash. I assume it’s some self absorbed nerd like the guy from office space hidden in the basement still unable to move on after being riffed years ago.
@h6 Also I'm going to say you come across to me as being naive, buddy. Think about it Teradata made a shift from being a hardware company to a cloud services company, given that you're bound to have to shed people. The real count you should be looking at is last 3 years so 2022 to now which is 7000 -> 5700, which is only 18.6% over 3 years representing only a 6.2% reduction in headcount year over year. Not all of that was layoffs either, I'm sure some people left on their own. That said 6% a year is normal for a tech company in an evolving industry, all it indicates to me is that Teradata is becoming a leaner and stronger organization than it was in the past and it's driving increased profit thanks to SM.
@h7 yes we will see Tuesday how TDC is doing, I'm looking forward to it. The numbers will be higher for revenue.
Oh, just stop you guys. We will see if Teradata is on the right track on Tuesday. Regardless of what either of you say.
@gz Good try super-engineer.
Teradata employees 2014: 11,000 (the high)
Teradata employees 2024: 5,700 (the low…so far)
Almost exactly 50% reduction. Are the numbers wrong? It’s good you think the reductions are normal. Then you won’t feel bad if you’re shown the door.
@f4 What's the point you are trying to make? TDC has cut ~3-6% of the workforce from 2010 to 2023 with growth of ~4-6% YOY 2023 to now. That seems normal to me, companies always have phases where they grow and contract. I wouldn't be too worried about the noise, this is normal in the tech industry. From an employee perspective I'd take Teradata over Amazon any day of the week.
@d3 Now do the percentages, •buddy•. Total employees minus layoff, then percent of total employees. Oops, I guess super-engineers aren’t trained for analysis. I’m thrilled you’re happy, but your bliss doesn’t translate into revenue or increased stock price. So just how are you “adding value.”
@b2 insult me all you want, I don't get offended. Would you really say Teradata is more stressful than Amazon? They're laying of 15k employees in 1 year whereas TD has laid off maybe 5k employees in 8 or 9 years? On top of that they constantly PIP people out, TDC doesn't. Big difference there buddy, but I guess math might not be your strong suit. There's been difficult cuts but the direction is still strong and I see things improving and our culture is so much better. Would you say you're stressed about working here? We can talk about TDC and the stock all day long but it's still a nice place to work.
@as Super-engineer cannot see the layoff statistics with his lips firmly planted on his betters’ posteriors.
@ab you really should take up comedy because your response is a joke! TDC does not keep people, just ask the 3000+ that’s been laid off by TDC in the last 4-5 years.
@ab Yeah, we see them keeping their people every month, O clueless one.
Keeps their people in the unemployment line……..
@a9 you guys would be crying like babies if SM ran this place like Amazon. We have excellent job security buddy Amazon you can get PIPed at any time, it's a dog eat dog world. TDC keeps their people
CNBC said today Amazon shares rallied 11% after the e-commerce giant said its cloud computing unit's revenue increased 20% in the third quarter, exceeding Wall Street's estimates.
I guess some management teams know what they’re doing.