Both companies started as new database startups in the late 1970s. One has annual revenues of $50B and a market cap of $320B. Stock up 75% last ten years. The other can not break $2B in annual revenue with a market cap of only $3.1B. Stock down 7% the past two years. Why such a difference? It came down to leadership. Oracle had a visionary who was willing to take risks and make strategic acquisitions. Teradata had conservative leaders, most who did not know the industry or the tech. Teradata stuck with one product, a direct sales only GTM approach, and made no meaningful acquisitions. They even missed the major industry moves in their own market like appliances and cloud. And they had a revolving ELT door of inexperienced outsiders. Sad ending.....
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Interesting correlation between Oracle & TD because the all of our leaders who have come from Oracle in the last couple of years continue to hire their former Oracle buddies into leadership roles, so there are no longer career promotion roles for career Teradata people. I've watched our long-time Teradata culture of excellence shift to the Oracle frat-buddy culture where no one takes any responsibility. Chronic blame-shifting is the daily squid game and the career Teradata people are treated like expendables. The irony is the mass infiltration of former Oracle employees that have sent Teradata into the death spiral. Maybe it's time for some real changes in leadership, Teradata Board?
LOL!!! Perfect NC summary. I’m sure SM gave him 120% bonus too. Next let’s see what HA puts on hers…
NC LI Update, as follows;
I devised and implemented 80+ strategic initiatives and 200 workstreams, generating thousands of useless PowerPoint slides and tens of thousands of hours of wasted resources. I spearheaded Cloud First, AI First, and Anything First initiatives because I have never had an original thought. In partnership with the CPO and CHRO, we shifted the company from being Customer-Centric to DEI-centric. Resulting in taking our stock price from $53 to $32 and spending close to $40M on my buddies at McK. My pronouns are me/me/me
Where is Chapper now? I can’t wait to see how NC summarizes his time at Teradata on his resume. Developed 81 strategic work streams and executed zero of them. Let’s hire another McKinsey guy asap 😀. Major conflict of interest with us hiring his former firm. SM is clueless.
You meant TDC stock down 7% over the past 10 years! How do you shrink stock price and revenue in the hot growth market over a decade? As SM would say - "our strategy is working" hahahahahahahah NC was a strategy guru