The feeding tube is migrating existing Teradata on-prem systems to Teradata bolted onto AWS. This why revenue is flat to declining. It's also why there is no mention of new customers. Interesting with all hype on Vantage CloudLake there was no customer reference or increase in revenue guidance, which tells you that was a desperate marketing launch to generate some excitement. Even if it works, there is very little revenue from sporadic data lake workloads and if it works it will cannibalize some of the analytic workloads from the EDW, so it will actually shrink total ARR.
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Crazy how you can go from best in class to irrelevance so quickly. Snowflake and Databricks are at war to see who wins the market. Nobody cares about Teradata anymore. So sad for a once revered brand.
I noticed the press release didn't include any quotes from alpha or beta customers. That says a lot.
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