We're up 11% in public cloud ARR, vantage is winning in the market
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isnt that all from on-premises customers moving to cloud? Haven't seen a new customer acquired by Teradata on cloud, unless it is kept a secret. If TD did get new logo ON CLOUD, why not publish it?
@ad Exactly! You hit the nail on the head! Smoke and mirrors.
Remember, very little of the "cloud revenue" is actually cloud revenue. Most - if not all - of it is a simply signed intent to possibly use cloud in the future in exchange for lower cost on-prem support today.
@a7 Sure public cloud ARR is slightly up YOY but it in no way makes up for the much larger loss in revenue across the rest of TDC. Many TDC customers are simply converting on-prem to cloud because they move too slow. For TDC YOY total revenue has been dwindling steadily since about 2015 which is NOT sustainable for any company. Compare that to SNOW which is reaping 28% to 30% gains in total revenue YOY. Databricks, too, is growing by double-digits each year. TDC is not healthy by any stretch of any imagination and why I voluntarily left 6 years ago.
@a7 Sure. It’s not math, it’s the marketplace. If you sell one widget and then sell two the next year, you doubled sales. Wow! But if you lose money on every widget, you don’t make it up with more sales. Even an engineer should be able to understand that.
How long can that last? Looking forward to 2025 FY results.
You forgot to mention Cash flow from Operations was up. Probably due to all of the layoffs. The numbers look great, but the workforce is burned out from having to perform the work of their Riffed colleagues on top of their own work. In a lot of cases that’s performing 3 jobs for the cost of 1 salary. Nothing to be proud of.
@a2 I don't work on unity I support vantage and I'm a cloud engineer. I have no idea who this unity guy is. That said if you could do math that's tons of growth, our legacy portfolio is shrinking but cloud services is increasing in adoption so that's excellent. The business picture I'd say is healthy. "Teradata shares are trading higher after the company reported better-than-expected Q3 financial results and raised its FY25 EPS guidance above estimates. Also, the company issued Q4 EPS guidance above estimates."
Vintage isn’t winning the market. The market is running away from Teradata. Super engineer can cherry-pick one number to try to put lipstick on a pig, but with other AI and cloud companies surging, Teradata is an embarrassment.
The only important number:
Total revenue was $416 million versus $440 million, a decrease of 5% as reported and 6% in constant currency(1)
In an exploding market. So super-engineer isn’t contributing to the bottom line. Why is he still there?
Tree, meet forest.
Get back to working on Unity super engineer. Here's the real numbers.
Total Revenue down -5%
2025 $416 million
2024 $440 million
Recurring Revenue down -2%
2025 $366 million
2024 $372 million
Public Cloud ARR up +11%
2025 $633 million
2024 $570 million