They are already blaming the virus and the effects hadn’t kicked in yet in Q1. Like they said in Jurassic Park, hang onto your butts in Q2.
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MC is a joke. He needs to go
I call it "Financial Farce", but really that could be the name of Teradata now.
It’s too late, the company is shrinking, good people are leaving or being forced to leave, due to the poor running of the company. Our strategy is misaligned, misunderstood by customers. It’s a real shame and shows how poor leadership within a company can destroy it. The rent-a-CEO just needs to remove all the LT and try and build up some momentum to sell us.
It will be a quarter to remember. We hit negative cash flow in Q1. MC down played this, in probably the most unethical move I've seen short of Enron. "It was deferred payments due to use being COVID angels." No...it was because we moved to Financial Force and lost the ability to invoice ALL of our customers for 3 months. How much of that was lost sales, actually due to COVID, remains a C-level secret. The ENTIRE ELT was coached and on-board with their messaging. Regardless, negative cash flow is the red flag of a sinking ship...when the new rent-a-CEO comes in, he needs to fire MC instantly and figure out a way to weaponize our sales before it is finally too late.