more layoffs are coming.. some large healthcare converted to exadata. TD lost deal because of their ifx2.1 could not perform as good as exadata.
Bye bye TD
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It was subscription and the rep and DS and KT got 3 year contract value commission, despite there being a 90 day 'no reason needed' cancellation and return clause. Therefore Teradata also incurred all the hardware costs.
Oh, and the rep has been on medical insurance leave ever since the new management started asking for details midyear.
That sounds disastrous for Q3 reporting. Pressure must be on internally. Is this why KT is out?
tick tock nov 3rd.
Not much heard of IFx and IBx lately. TD pretends to be a “cloud native” analytics company, brings tons of marketing c-ap about AI, ML and vantage vaporware but in reality 99% of revenue is still coming from on prem hardware customers running TD database doing data warehousing. And yes, lots of good people left or were let go.
Oracle s—s, but you can pay them more to make things work. Exadata is a real product that's been deployed in many places.
Worse for Teradata, Exadata actually does dynamic scale-out, something that TD has never actually figured out because they got long ago got rid of all the engineers with the skill to actually build a way to do that.
So your telling me that kaiser signed a huge deal really without a proof of concept: hope and prayer is all you need lol when running a business to the ground. Trumps tax cut will only get you so far with additional operating expense if your going to shrink your business the way TD has said in their new strategy.
KT has left the company and DS had moved to other world. Heard it was huge deal 100+. Q3 is not going to be good.
@Investor29, let me explain. Kaiser signs deal last year, kaiser a quarter later notifies TD that they are cancelling. TD does not cancel the deal in the same quarter, KT & DS get bonuses. TD takes reversal next quarter. not that hard. Watch for it in q3 results
So your saying that kaiser signed a deal and then lost it to oracle. Makes no sense, how would you get bonus if it was never signed. You must be a TD employee, clueless
That would be kaiser and it happened two quarters ago. They left it on the books long enough for KT and DS to get bonuses. We are all just waiting to see when they will take the reversal