That says it all, and because of Sarbanes Oxley the CEO will not spin that like he does everything else. 1% revenue growth in Q1 in a hot, fast-growing market? Snowflake is eating TDC alive. With a mediocre, lukewarm BOD and an ELT more focused on virtue-signaling and politics than growing the business, this is a sad state of affairs. Investors will exit this stock and who can blame them. All the smart employees have already left. This perfect storm of revenue decline, employee turnover, vision less management, apathetic BOD, and innovative competition will accelerate the death of a once good company.
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SNOW revenue last quarter was 380m. Ours for the current quarter is 490m (on-prem included). It is almost time they caught us with this 40 year old company.
Marketcap is purely speculative, but revenue is one of the key indicator.
SNOW is plummeting, too, just FYI, but I don't disagree with the statements about our mismanagement and having lost a lot of great talent.
Yes, go ahead. Blame everything on Russia-Ukraine conflict. Very dull earnings call, just when we think the boring bar is the lowest, ELT comes in an lowers it more. If they knew about the $55mil impact, they could forgo some of their fat compensation to offset it….
They talked about getting new talent but forgot to mention the great talent we lost.
Mix politics with anything, and what you get is more politics. Not good for the real world, but a great smoke screen to cover for a complete uckfup of a CEO and his sock tucker minions.
This is a horrible end to a once great company.
You forgot to mention no new customers are signing up - all the revenue is existing customers trapped in short-term Teradata jail moving existing apps to cloud until they can migrate off. All new apps going to competitors. Slow death, painful to watch