Teradata keeps laying off the best people who do so much for the company that when the time comes, they'll have to hire minimum two people to replace them (and even that might not be enough.) Am I the only one who thinks this business strategy is hardly a winning one?
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Is there a coherent business strategy worth paper it is written on??!?!
Internal SF memo is that the IPO for SF has been delayed due to covid and ongoing issues with the legals. Apparently claiming 3000 customers in their filings will get the directors into trouble because only 20 of those are paying customers
If SF is so great, why do ya'll keep trolling this message board that is for TD?
So SF personnel have been hired? According to TD the tech at SF is no good - so why the hires?
TDC revenue is down year-over-year and SF has IPO on the horizon. It would be nice to see how much money TDC is making from pure cloud subscriptions (AWS, Azure) vs. on-prem. I doubt it's a lot considering the hardware nature of their business model.
Would be cool if former TD now came back with a decent salt salary
We've been hiring ex SF's who have been made redundant. SF is shedding staff in our geo because of the coronavirus downturn as their business model is broken. We're getting daily phone calls from them wanting a job.
It amazes me how the kool aid drinkers can spin a $43M as good news. The full year will tell.
Teradata reported a net loss of $43 million in the third quarter -$0.40 per share and had a significant decline in year-over-year revenues. The only reason the stock price rose was because the market had previously factored in a greater loss.
The best way to motivate my team is to tell us“we cant”. See you in Q3
Uplift in share price - needs to be held before any congratulations deserved. Historically not been the case
"Based on your post, what would claim constitutes bad news?" Well for one - the stock price is up about 20%. Secondly, nothing the trolls said on here was true - no one blamed the coronavirus for any problems as one detractor predicted.
One troll today said: "The truth is that Teradata is Not Growing" You must not have listened to the earnings call. If you had listened you would have heard that many clients evaluated all the options and selected Vantage - hands down after many rigorous benchmarks. These are clients who have overwhelming data analytics needs ESPECIALLY with the virus. These clients are trying to save lives or deliver essential goods right now. They can't mess around with shiny objects that look good but don't deliver the performance so critically needed. They know that if you need something to run like a racehorse, you don't buy a pony no matter how cute it is.
Bottom line: Teradata is not growing. This quarter was not good, regardless of what the PR and Marketing trolls are sent here to post. I don't care how they spin it...Q2 was not good.
@3tmy+16h1jt4W "Crickets from the Trolls - I guess they are bored with good news..." How do you claim posting a $43M loss in a quarter "good news"? Based on your post, what would claim constitutes bad news?
Crickets from the Trolls - I guess they are bored with good news...
Looks like the quarter was pretty good! Well done Teradata!
@2ojw+16h1jt4W the truth! Preach it brother!
“Our strong relationships with our stable customer base, combined with our deeply rooted dedication to delivering outstanding business value, are serving us well during these unprecedented times."
- Steve McMillan, President and CEO, Teradata.
Today Teradata reported 2020 second-quarter net loss of $(43) million under U.S. Generally Accepted Accounting Principles (GAAP), or $(0.40) per share, which compared to a net loss of $(1) million, or $(0.01) per share, in the second quarter of 2019.
Teradata keeps laying off the best people because the best people draw the highest salaries, and since senior management is at a loss for how to grow revenues, all they can do is cut costs. A lot of experienced talent is sitting idle because management does not know how to leverage their skill sets to grow the top line, so they become pawns in the game.
I'm looking forward to hearing the earnings call. I think there is a lot of opportunity right now and am thankful to be here . In my opinion if there was nothing to fix - they wouldn't need us to help move the ball forward. Ready all, ROW!!! (You will get that if you used to row CREW).
Stock's down....5.38%
Guess they know what's coming...
Stock's up...
I wonder who are the champs losing their jobs that are as good as you say. Industry and tech are moving fast, talking about npath is not enough
Who are the best people that keep getting let go?
Well, look at the losers in the director-level and above ranks. A$$ kissers making bloated salaries. It has always been this way. If Teradata would clean out the "management" deadwood, investors might think they were serious about turning things around. They will blow smoke on the earnings call and blame the virus on any problems.