So we have to wait until August for the great news about how the ELT has saved the company?
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@4oac+1sWcBrL2 The offshore folks are not engineers. Copy/paste from Stack Overflow is not engineering. They can’t code but what they can do is follow orders. Managers love it when the Indians just do it and don’t ask questions. It’s a power trip.
Sure, but engineering in India is carp. Nothing works the first time out and they use the customers for testing to find all of their bugs. A total cost analysis would tell a different story.
The cost of one Engineer in the Americas will easily pay for 10 Engineers in India. The off shore folks are young, bright and happy to have a job. A win situation for Teradata.
30% is soft. The majority of US operations will shut down over the next year. TD just doesn’t have the cash to support it. You can get three engineers in India for the cost of one in the US. You get what you pay for but it’ll keep the lights on until the fire sale.
A culture where everyone has a sense of dread. Deals are being lost to the competition on a daily basis, long term customers advising our management that they are no longer investing into Teradata and are actively looking at ways to migrate off.
We all know that Q2 results will be flat and the share price will take another hit. The only good thing to come out of it is that it brings our demise sooner rather than later.
The word on the street is that the ELT has asked the LT globally to cut 30% of all staff.
It will be interesting to see if they cut 30% of the ELT and the Board or take a pay cut to help save the company.
Not a chance!
Have any of you looked at the TDC financials lately and compared them to other companies like Oracle or SNOW. One startling number was free cash flow... Teradata had a negative free cashflow of - 41.67% down to $ 21 million. Compared to SNOW + 232.42 % and Oracle + 130.78% or $ 3 B thats a B!. That means that Teradata doesn't have the available Capital to maintain its current Burn rate going forward. The few times a neg. cash flow is good is when a company has purchase say another company to expand its marketshare....not TDC. A higher free cash flow margin suggests that the company is effectively controlling its costs and is efficient in its operations. It’s a sign of a healthy, well-run business with the potential for growth and profitability. Without growth and profitability that means more cost cutting since the highest expense are salaries and benefits....good luck to all of you left. Hope that boat has oars in the water
The ELT won’t announce it, but look out for a big layoff.
I think OP was hoping for a more timely update.
They always report Q2 in August.
What announcement are you expecting ELT to make in August?
In HA we trust.