Thread regarding Micro Focus layoffs

Moderate decline?

They just released their 2020 numbers. If you look at the details: 10% decline and execution problems for ADM and ITOM.
As statement all "in line with the expectations and only the first year of a 3 year plan".
Wondering if the market really buys this. Surging cost to implement a standard IT infrastructure to one stack.
Difficult to believe the executives in this company really know what they are doing or not doing.
Founder already left a while ago and the board continues to keep the CEO at play.
Folks! Wake up!

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Post ID: @OP+19lGelXE

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On the partner side and seeing how they battle to swallow the HPE pieces.
One thing is clear now: the acquisition was purely driven by one big "wanna have part": the North American market.
A consolidation of the infratructure is costing more and more which will lead to "cost management" and -we saw it too often- will hit headcounts.
Way forward with the current execs will be to safe the remaining pieces.
Attrition element is not over and the bulk of the folks running the show already 3 years ago are still at play.
As I said: would love to be a fly on the wall when the boards needs to get convinced to get approval for this course. Some soaring actions on the stock are clearly related to Covid news and not due to the fact the business is under control. The financial statement claims 2 big business units underperformed due to execution issues. Sorry... are the execs blaming their on failures pointing at others below the ranks?
Believe we will see consolidation in the markets and the shrunken size of Micro Focus might get under the bus. Time will tell.

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Post ID: @4qvy+19lGelXE

Are you saying there will be more declines? Do you work for Micr Focus? What's your sense on the business going forward? Should we jump ship - to who and in this market?

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Post ID: @2zzy+19lGelXE

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