SM and CB were basically forced to admit to analysts that the company is not growing. Not a good look for a company in a high-growth industry. Analysts are realizing the company is a dud with investors giving it a D or F rating and saying not to buy the stock. Not surprisingly, after the disastrous earnings call, the stock is in a freefall.
Falling off the Magic Quadrant, offering a platform no one wants, and slashing jobs left and right. Does anyone really believe what SM tells the company that his “strategy is working,” or do you believe the analysts? Make sure your resume is up to date. You’ll be needing it.
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The RIFs are not part of a strategy of any healthy company. If everything is so rosy TD should be hiring as many good people as it can find. Look at job listings for DB or Snow, they can’t hire enough people. SM is trying to sell that TD is competitive with these guys. What a joke. All of the customers are hybrid because they are using TD in the cloud as a stepping stone to go elsewhere. Only hope is banks. Jump ship before it’s too late. Don’t get stuck rearranging the chairs.
They said the new logos were small time. Wonderful job.
Investors who bought $1,000 worth of Teradata's shares 5 years ago would now be looking at an investment worth $806.71. What a winner! Keep losing on this dud. You’ll make it up in volume, right?
As I heard someone in the office today say- "This is going to get a lot worse". What we saw today was just the tip of the iceberg and from here on in, no one will be safe.
There is now real fear amongst the teams that CB's comment as to "cost optimization" will affect everyone. We'll see 50% reductions in some areas no doubt. GTM teams will be decimated by what is to occur this year and we suspect cuts will begin as soon as possible in all geo's.
These C-suite jokers would make terrific manure spreaders on a huge farm. What a bunch of gobbledygook. I hope the analysts are sharp enough to see through it
Dead in the water. A lot on here have known it for a while. SM has been spinning lies to keep the show alive but now the game is up.
The numbers don't lie. Teradata is dead in the water and the ELT can be held responsible for their failures
But the new logos! Won't anyone consider the new logos??
...as they admit that the deals that moved beyond 2023 may not be signed until 2nd 1/2 of 2024
ELT has turned on each other. Expect TC to take the fall, despite his prized rolodex. He’s not in a protected class.
Waiting for bootlickers in marketing to tell us why no growth, stock crashing, and a law firm investing TD are all good things.