Looked at earnings and as usual it’s not great despite what the press release says,
But what was telling were a few items from the detailed financials
December quarter employee compensation: $48.6 million
March quarter employee compensation: $34.3 million
That’s more than a 25% cut Q over Q. Maybe due to layoffs and severance?
R&D spend also went down over 10%. How can you grow organically when you are cutting development?
License, maintenance and services revenue all down. Billers and Banks down. So while Merchants were up this isn’t a great outlook especially with a CRO that doesn’t know anything about sales and selling.