Regional and country management should be on the lookout

Nothing got paid in Q1. They are desperately trying to make the Q1 numbers by any means possible.

I've heard rumours that even then they haven't managed to get to where Mikey told the analysts he'd be.

As an ex-CSC'er when this happens heads roll in regional and country management, despite the actual cause of failure being the only person who calls ALL of the shots.

I don't know how HPES used to roll, but suspect some of the former HPES management are about to discover the Mikey shark tank technique.

And then he will talk on the Q1 call about currency fluctuations, market headwinds and his new strategy direction (which will remain the strategic direction until exactly 12 weeks later, when it will be something completely different)

Don't forget to tune into the call, I'm sure some CSC people could give you the rules of The Mikey Analyst Call drinking game. Everytime you hear a trite phrase you have a shot. The alcohol dulls the pain of the axe which comes the following day....

Originally posted by @Ok3vmuV-sco.

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I never liked the thought of working for the Chicken Soup Company (aka CSC) but having been WFR'd then the pain was quite temporary.

Of course @OlaUFUf-1trt they are trying to make the numbers better - that is what management of a publicly traded company must do.

There are two ways of making numbers better:

1) Actually making the numbers better (increase sales, maximise profit percentages, develop new products, reduce costs)

2) Spreadsheet based contortions where you shove costs from one quarter into another and move profits from one cost centre to another. You are essentially only kicking the problem down the road.

The first one is genuine improvement, the second is essentially not being truthful.

Then the ~10% revenue decline. Its the elephant in the room. Its the same decline you mention that CSC, IBM and everyone is suffering. There is a ~10% decline year on year for at least the last 5 years, maybe more. Its not Meg or Mikey doing it, the market is just contracting.

Don't expect to see that one mentioned in any analyst call whatsoever though.

Remember the analysts from the big investment companies have an interest in calm. They don't want to cause alarm because alarm damages their holdings. Things have to be Armageddon before they say something like "hey Mikey, you're sh1t and you know you are!"

On the basis that the ES Q1 results showed a 7% operating profit and 11% declining revenues and then in Q2 for the two months ES was still in HPE the results were; a loss of around 5% and what looked liked more revenue decline.

In Q4 2013 ES revenue was around 5.8 billion, by Q4 2015 it was in the order of 5 billion, by Q1 2017 it was 4 billion.

So I'm not surprised they are trying to make the numbers better, especially as redundancies don't always offer short term benefits (due to payouts).

when is the call scheduled for ? date & time please in EST...

Google DXC stocks you will see the trends..it's obvious it's struggling to sustain the "boost" right after spin merge. Yes, there will be more WFRs frenzy "feasting".. Mikey is counting on that double digit ($million) bonus..

Bring this company the visibility it deserves. Tiiiiimmmmmber

Thread regarding DXC Technology layoffs

Regional and country management should be on the lookout

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