A start-up just a few years ago will pass 40+ year old Teradata in their own core market. Sad but true. Snowflake is projecting $2 billion next year while Teradata is just treading water. A case study on mismanagement, complacency, and lack of vision. The board continues to allow C-Suite members to make obscene money without growing the company. Embarrassing. TDC = "The Dead Company"
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In 2012, TDC had $2.6B annual revenue. Snowflake had zero. Ten years later TDC has shrunk well below $2B in a high growth market, their only market. Snowflake is set to pass TDC and the $2B mark. Snowflake pulled this off right in front of TDC while the TDC board and ELT just watched it happen. Too bad the shareholders can't reclaim the high salaries, bonuses, RSUs, and board payments of all who were part of letting this once innovative company die on the vine. So sad, no wonder most TDC employees are miserable.
Well Marketing or HA finally joined this post and tried to put a positive spin on TDC's results. But you can't spin no revenue growth @2hde+1g0aYBUp. 43+ years and still under $2B annual revenue. TDC can barely move existing customer on-prem workloads to cloud. No new customers - who would start with Teradata these days over Snowflake, Redshift, or BigQuery???
Snowflake isn't even thinking about TD.
Looks like Marketing or NC finally showed up on this post and tried to spin TDC’s dismal performance. @2hde+1g0aYBUp. 43 years and still under $2B annual revenue. You can’t perfume that especially when Snowflake will pass $2B. That’s why most employees are miserable working there…
Agree with the last post.
DS was sad that FA leaving. Said that in meeting this week. Don't believe he wasn't listening and they looked to talk often. Also had him present to R&D.
The worlds largest airlines, telcos and railroads use Teradata for their enterprise workloads. Teradata is actually profitable and is available on all platforms. There are many shiny solution vendors with money to burn either from ipos or Vc investors. Despite the hype, burning through other peoples money while fun is not a great strategy. The graveyard is full of shiny tombstones 🪦 all who have made “Taking Teradata out” a strategy. They would be smarter to partner than compete with Teradata. Just my opinion…
If you want the C-suite title, the salary, do absolutely nothing for a year, then get fired and receive more money than you've ever made in your lifetime thru a Golden Parachute.... apply for an ELT position at TD.
FA In EMEA left to join SF, he knows our very soft product underbelly and our inability to deliver a cloud trial without an army of people and taking months to spin up. He was very vocal about these shortcomings, but DS and HA didn’t want to know. Expect continued, accelerated customer churn and SF continuing to eat our lunch.
Hey, put that deck chair over there, orchestra keep playing. What iceberg?
Passing? It’s more like leapfrog mixed with road ki-l. SF is able to hire the best talent out there : ex-Google, recruits from top schools, cherry picking the best talent from TD and more >>> that =‘s motivated talent arriving at SF ready to create and sell new and innovative products and features with supportive, world class, non-woke management. And happy customers asking for more. Nearly all the logos you saw at TD just a few years ago are all SF customers now with some customers fully migrating to SF in just a few months. Ask the TD sales reps - they are getting rolled up and smoked.
Micro Focus to the rescue !
You can’t spin no revenue growth. TDC is not winning new customers either. Slowly sinking ship…
Teradata has never made a “Meaningful Acquisition “. Historically paying more than a product is worth and then selling it at what it is worth. Just throwing money away. When you think about it, that is what they did when focusing on Cloud…
The same "Chief Technical Officer" has been there the past 20 years and has failed to lead on any major industry trend. He was a cloud denier for many years. Why is he still there? TDC hasn't made any meaningful acquisitions, and has not diversified into any adjacent markets to manage risk. Now they are sitting ducks. I agree the board has failed to act and is behind at least 15 failed executive hires just the past five years. Mind boggling...
Reading this thread reminds me another “data related” company just went through the same $h!+ a few years ago and now running on fumes. Sad!
The ELT doesn’t care if the company performs or not. They all make insane salaries, bonuses, stock options, etc. if TD fails, they have their golden parachutes. Meanwhile, the worker bees are left struggling.
Clearly the board is the problem. What do we know about these people? Are they being paid by a competitor to drive TD into the ground? You couldn't mess up this badly unless you were doing it on purpose.