Teradata's strong cloud growth holds Snowflake avalanche at bay

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Rows, columns, and the search for a database that can do everything

Snowflake last week promised analytics and transactions in the same system. For some it was déjà vu all over again

Lindsay Clark Wed 22 Jun 2022 // 12:15 UTC

Analysis Under Nevada's baking summer sunshine, Snowflake last week promised it would bring together two ways of working with data that mix about as well as oil and water.
The data warehouse vendor – well known for its stratospheric $120 billion post-IPO valuation – said it would support both analytics and transactional workloads in the same system.
Launched at the Snowflake Summit 2022 in Vegas, Unistore would be the "foundation for another wave of innovation in the Snowflake Data Cloud," said Christian Kleinerman, senior vice president of product. "Similar to how we redefined data lakes and data warehouses for our customers, Unistore is ushering in a renaissance of building and deploying a new generation of applications in the Data Cloud," he said.

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Snowflake pledges row-based storage engine for transactional data

Look, investors! A new app dev platform too. Are we living up to your dreams yet?

Lindsay Clark Wed 15 Jun 2022 // 14:00 UTC

Cloud data warehouse specialist Snowflake is broadening its toolset to allow devs to build applications inside its platform, while providing a new row-based storage engine to support analytics on transactional data.
Launched at its annual conference this week, the features are part of a plan to encourage users – and investors – to no longer see it as a mere cloud data warehouse and to view it more as a platform for sharing data and data-analytics applications.
Snowflake is supporting new transactional workloads in something it calls Unistore, which is based on Hybrid Tables supported by a new row-based storage engine to better handle transactional data.

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Teradata to take $60m hit for withdrawal from Russia

Calls time on interactions and services with customers, including state-owned bank Sberbank

Lindsay Clark Fri 6 May 2022 // 15:12 UTC

Data warehousing specialist Teradata is taking a $60 million hit by ending sales, operations and support in Russia following the country's invasion of Ukraine.
CFO Claire Bramley told investors that of the $60 million, around $10 million was removed from first quarter revenue, leaving a $50 million impact expected across the remaining three quarters of 2022.
Teradata CEO Steve McMillan said: "In the quarter, we stopped conducting business in Russia, ceased customer interactions and services with all Russian accounts, and confirmed that we do not have any suppliers critical to our supply chain from Russia or Ukraine. Our actions were managed with a priority of support and care for our employees who were directly affected.

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Snowflake stock drops as some top customers cut usage

You might say its valuation is melting away

Lindsay Clark Thu 26 May 2022 // 19:16 UTC

IPO darling Snowflake's share price took a beating in an already bearish market for tech stocks after filing weaker than expected financial guidance amid a slowdown in orders from some of its largest customers.
For its first quarter of fiscal 2023, ended April 30, Snowflake's revenue grew 85 percent year-on-year to $422.4 million. The company made an operating loss of $188.8 million, albeit down from $205.6 million a year ago.
Although surpassing revenue expectations, the cloud-based data warehousing business saw its valuation tumble 16 percent in extended trading on Wednesday. Its stock price dived from $133 apiece to $117 in after-hours trading, and today is cruising back at $127. That stumble arrived amid a general tech stock sell-off some observers said was overdue.

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Teradata: Public cloud sales soar from low base, majority of business still on-prem

Perpetual software and hardware licenses dive in Q4, consultancy withers on vine

Lindsay Clark Tue 8 Feb 2022 // 22:26 UTC

Teradata is still working to shake off its image as an on-premises data warehouse provider by highlighting annual recurring revenue in public cloud of $202m for calendar 2021, nearly doubling from $106m in the prior year.
However, the 91 per cent year-on-year increase came in 9 points lower than 100 per cent growth the company had forecast at an investors’ day last in September, and it remains a small part of overall sales.
For Q4 2021, total revenue for the biz was down 3 per cent on the same period a year earlier to $475m. Total recurring revenue was $364m, perpetual software licenses and hardware was down 44 per cent to $19m, and consulting services fell 17 per cent to $92m.

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EU cuts off key Russian banks from SWIFT system

State-owned Sberbank's software contracts under scrutiny

Lindsay Clark Wed 2 Mar 2022 // 12:52 UTC

As of this morning, the EU confirmed it had "agreed to exclude key Russian banks from the SWIFT system, the world's dominant financial messaging system.
"This measure will stop these banks from conducting their financial transactions worldwide in a fast and efficient manner. Today's decision has been closely coordinated with the EU's international partners, such as the United States and the United Kingdom," the EU said in a statement.
Russian majority state-owned Sberbank has so far managed to hold onto vital HR and CRM systems contracts with the world's largest software companies, despite political outcry from the firms' home nations over Russia's invasion of Ukraine.

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Snowflake rolls back growth estimates, wipes 30% off value

Plus $800m Streamlit acquisition – just don't expect a revenue contribution any time soon

Lindsay Clark Thu 3 Mar 2022 // 15:33 UTC

Cloud-native data warehouse outfit Snowflake – once valued at a heart-thumping $120bn following its 2020 IPO – saw 30 per cent wiped off its value in after-hours trading yesterday as it lowered guidance on revenue forecasts.
Execs said part of the reason for reducing growth estimates was that new product features meant customers could use its platform more efficiently, doing more with less spending.
The distributed database company also found $800m for the purchase of Streamlit, creator of a framework designed to simplify and accelerate the deployment of data applications.

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Snowflake doubters voice reservations over data warehouse's attempt to break into financial services

On-prem systems hold advantages in terms of known costs, say insiders

Lindsay Clark Fri 17 Sep 2021 // 14:38 UTC

Cloud-based data warehouse darling Snowflake has launched its latest venture into financial services, while Teradata, something of a stalwart in data warehousing for banks and insurers, is attempting to broaden its appeal with machine learning implementations.
Though the world has been focused on Snowflake's stratospheric rise – it went from $1.5bn value in 2018 to $120bn shortly after its IPO last year – it may struggle to make inroads into the lucrative financial services markets, according to insiders and industry experts.
The so-called cloud-native data warehouse biz launched what it calls the Financial Services Data Cloud this week, accompanied by the claim that 57 per cent of Fortune 500 firms in the sector are on its platform. It is described as an industry-tailored platform that brings together Snowflake technology with "partner-delivered solutions" and "industry-critical datasets."

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SAP patent not inventive enough to get legal protection, judge rules

Teradata also sees wings clipped in ongoing battle with German ERP giant

Lindsay Clark Tue 16 Nov 2021 // 10:15 UTC

An SAP patent was not "inventive enough" to be legally binding, according to a US judge in an intellectual property case which also saw Teradata's claim in the dispute reduced.
The federal judge in California last week trimmed down claims from both sides of an ongoing dispute over a joint venture the firms entered into back in 2008.
Teradata alleged that the German software company used the JV to try to access the US company's intellectual property and build its HANA in-memory database, which it would try to get its customers to use, according to a 2018 filing at the US District Court for the Northern District of California.

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All your database are belong to us: Snowflake named DBMS of the year by DB-Engines

Homespun database trackers also see PostgreSQL and MongoDB as hotshots for 2021

Lindsay Clark Thu 6 Jan 2022 // 17:28 UTC

Snowflake, that cloud-only data warehouse much loved by investors, has been named DBMS of the Year for 2021 by tracker site DB-Engines.
Once valued at $120bn, Snowflake has not only produced the first software-as-a-service to win the accolade, but it is also the first data-warehouse focused product that makes it into the top three of this award.
It is joined in the top three by three-times previous winner PostgreSQL, which came second, and third-placed MongoDB, which took the top prize in 2014 and 2015.

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