So our strategy at TDC is working….
This story will be spun up.
TDC’s leaky bucket challenge is leaking customers far more than any competitor, so our next quarter will be worse. Save costs and cut expenses, is the mantra for Engineering.
But ELS/LT/DS and his cronies can continue with their travel plans, while Engineering bleeds.
If 80% plus, year on year growth is now defined as a bad quarter, then what is a declining revenue forecast for the remainder If the year classified as these days ? Woke but soon to be broke I guess.
Sure, there are many other nuances in the earnings calls to consider but growth companies tend to do much better in terms of valuation than those that have been stagnating and are now contracting.
The only shareholders that are supportive of the latter are those that effectively got their shares for nothing.
To be clear - those are the same people that are managing the sad decline of what was once an admired and well respected business, whilst they line their pockets and try out new jobs at everyone else’s expense.
How come SNOW has a bad quarter and still come back to pre-results level quickly but TDC has bad quarter and still far away from getting back to the original level. We are not a darling of investors because of fumbling CRO and CEO.
Downvoting people that want to meet their boss? Stay classy San Diego
For myself I am grateful that DS is traveling and the opportunity to meet with him. The cost of his travel is much smaller than a salaries I must think
Yes, it was a really bad quarter - only 80% plus growth year on year and just a few hundred new customers.
Everyone will be leaving in droves and queuing up to work for a company that forecasts decline for the year.
It’s an amazing talent acquisition strategy, great work everyone - HR rocks!!!
It takes skill to turn a competitive positive into a negative. /s
Snow was always going to have a bad quarter. Ive had 2 former employees contact me today asking about roles as their options are below their strike price and they feel like they will be in the first round of cuts that kick in this quarter. Reality is beginning to hit home