That says it all. Revenue will be down 15-20% in 2025. More layoffs so ELT can hit their OI bonus. TDC = The Depressing Company
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“as we finish 2024 with negative ARR, that means a decline in revenue in 2025” from CB. Never seen a company throw in the towel so soon. It will be a really bad year but SM will make a lot of money cause the board is hands off collecting their bonuses
Yep - stock tanked. The ship is taking on water faster and is no longer a slowly sinking ship. It’s sinking fast. Get the lifeboats ready.
Why would any CIO in their right mind commit to Teradata? Would you risk your career that way? I would not.
Love it! I gave my entire career to this company and they laid me off two years ago. Yes, I’m bitter. No, I don’t care what happens to this loser company.
It will tank on the open. Massive decline in revenue in a market that is going gangbusters. Customers are leaving in droves which explains the revenue falling off a cliff.
SM, the board and the rest of the ELT should hang their heads in shame. Their one job is shareholder return and with a share price in reverse, this is failure of the highest order.
Stock price is down by 14% in after hours and is in ~$25 territory… below IPO price
No new customers- stock will tank