Oracle and Teradata started at about the same time. Oracle has $45B annual revenue with a $227B Market Cap. Teradata is less than $2B revenue and a $3.7B Market Cap. The same opportunities in the market were there for both companies. Oracle diversified, addressed multiple workloads, partnered effectively, made strategic acquisitions, and grew. Teradata stuck exclusively to data warehousing, never partnered effectively, and made only fire sale non-strategic acquisitions. I'm no fan of Oracle, and both companies were late to cloud - but now Oracle is investing in cloud and will continue to grow. This is sad because at one time Teradata had a chance to be great. Now they are a case study in inept management and squandered opportunies. The BofD should be ashamed.
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This company has been trying to expand and diverse since the early days starting with Charles River. We did not succeed then and won't now.
We have a niche product for a niche market!!! The TDBMS was purposely built and very good at what it does at the high end at a cost. Efforts were made at going into the mid tier market for many years but we simply are not price competitive and forget about the desktop. Now with cloud, we are chasing across the whole spectrum with many other competitors having a large lead. So why would anyone want to look at us when they have native cloud solutions fitted cost effective for their needs? Our product has so many moving parts and complexity to operate and manage that it's embarrassing. Even if we are able to impress, it will be the large customers that have no choice and specific needs. So we are back to the niche product for the niche market, with a capped market.
But hey, let's keep building it and all the tools to make it easy for customers to migrate from other vendors using common data formats. This will also enable our existing customers to migrate to other products easily as well!
Bad vision, bad strategy, bad execution, bad hiring, bad everything and now all organizations in the company are feeling it. D**th by a thousand cuts.
I highly recommend everyone look at the amout of $$$ insiders are cashing in via stock.
Leadership is looting Teradata and the board who should be watching for this type of thing is allowing it to happen.
I remember the contest well. Migrating what was at the time a legacy database (DB2), to Teradata or Oracle. Oracle always had the flexibility to meet the customer’s needs and budget. A win for us with Teradata was rare and nonexistent today. So sad.
Bring Vic back - he can save us! No better tech visionary in the industry! Except for maybe SB or HA hahahahahahahahahahaha #VicWillSaveTDC
Just quiet quit and try to make it through the next two RIFs. Who knows, maybe you can be one of the last ones to survive and turn off the lights or hand the keys to private equity.
I can not come to this site anymore. It is too depressing. I wish I could argue against the points, but they are all mostly fact-based backed with public numbers. I am hoping to squeeze out 2 more years before I retire, but it will be hard. I will need a good therapist to help me get to retirement if I stay.
Truly a tale of two companies. The numbers don’t lie. Even a relatively new company Snowflake has passed Teradata in their only market because the CTO denied cloud and actively worked against those who saw the potential. Nobody on the current ELT knows what to do, they are just milking the cow until it dies.
I mean, I don't know what I'm supposed to say. You sum it up pretty well