Total revenue was $1.795 billion versus $1.917 billion, a decrease of 6%. Once the street figures out the shell game the stock will return to 2009 levels. This is a dying company, trading on prem revenue for cloud with minimal new customer growth
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let us not forget ... in case some newbie wants to sell us a bill of goods that this place is ok
Funny- it was a Teradata executive trying to spin that total revenue does not matter. Probably NC trying to defend his strategy to decrease revenue. The strategy is working! Think Borders, Barnes and Noble, and Blockbuster.
Total revenue doesn’t matter? You could be a Teradata executive!
Total revenue does not matter - laughable. Just because “management” said it does not really matter. Good spin but does not pass the smell test in a rapid growth market. This niche thinking will keep our stock from long-term growth. No new customers is the real issue. We can try to ignore it at our peril.
I hope you all understand the valuation drivers. The rise in market cap is because of cloud ARR growth numbers being good. A large part of teradata stock price is on that metric and rest of it is on EPS and Free cash flow given recession. The total revenue does not matter because teradata management had indicated already that the consulting and perpetual revenue will go away.
Are professional investors really that stupid to fall for putting lipstick on our pig? I’m so glad I sold at $51 and hold zero shares. I can retire now but I’m just milking it until they toss me out with some sort of package. I figure if the ELT can Jo it, why not me? I’m not doing much and not missing my afternoon TV shows.
LMAO. Stock run? I sold mine at $70 years ago and left this he!!ho!e. Celebrate a 6% revenue decline while forecasting a flat revenue year in 2023.
Whoever the heartless person who made the dead wood comment is, just know your time is coming. The employees we are laying off are good people and they are taking the fall from the inept leadership and lack of vision at the top. What a toxic culture, so sad since for many years people talked about the culture of Teradata as like a family.
good to know someone within the company calling others deadwood
this just confirms the lack of trust, respect, and toxic culture surrounding this place
Hard to spin the hard financial facts. Most key metrics are down in a growth market. Why? Did TDC report number of new customers for the year? If not, why?
These are hard facts.
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Teradata ( NYSE:TDC ) Full Year 2022 Results
Key Financial Results
Revenue: US$1.80b (down 6.4% from FY 2021).
Net income: US$33.0m (down 78% from FY 2021).
Profit margin: 1.8% (down from 7.7% in FY 2021).
EPS: US$0.32 (down from US$1.35 in FY 2021).
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Stock is up because the analyst estimates were too low and we just about managed to beat them.. when the shine weans off, we are going for a bear run…
Dead wood 😀 funny. The only dead wood are people stuck at Teradata cause they can’t find a job with real cloud companies
Any guesses on what this means for the company-wide adjustment for the API bonus in March? 90%? 80%? 70%? Worse?
It is not a good job when numbers shrink Year over year.
Trolls why dont you just say, good job TDC for the great performance and stock run. Ah I get it, you were some of the dead wood we let go or you sold your stock early.
Will Teradata ever break $2B again? Sad to see a once respected industry leader shrinking from lack of vision and leadership
LOL. Investors don’t look at overall revenue growth. They did not teach me that in business school…of course TDC. can get the customers they hold hostage in on prem Jail to lift and shift to cloud, but few new customers are signing up. That’s why overall revenue is shrinking. What real cloud company is shrinking overall revenue?
ARR and Cloud Growth is the metric investors look at not top line revenue. On that count TDC did reasonably well, hence the stock run. Now clearly your beef goes deeper and you should let it go.