Teradata Corporation (TDC) is in the process of transforming its business model from perpetual software licenses with hardware to SaaS. This transformation to software recurring revenue is intended to reinvigorate sales growth which has stalled and is now negative.
I am sure that this is quite frustrating for investors, as other companies in the data management business are experiencing robust sales growth.
Last year, Teradata introduced its latest product, the Teradata Vantage Platform which is meant to address the competition head-on:
By offering customers full integration of their datasets, tools, analytics languages, functions,