Thread regarding Micro Focus layoffs

Another doomsday (interim results)

Check the H1 performance. Shrink-Leadership is doing their best to stay on shrinking track.
Revenues of $1.3 billion (down 6.8% YoY)
All products volumes down
Employee count down to 11k globally

Stock crashed 18% on June 22nd

If they manage a turnaround, Hollywood will buy the filming rights.

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Post ID: @OP+1hoUgjxA

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But hey, look here (hand waving). ITOM SaaS revenue increased by 8.7%. (Checking notes- ITOM SaaS revenue 2.3M) Well I guess that would fix everything. Well, I am glad I jumped that sinking ship. Good luck to the people who remained - there are some outstanding people but hey - the orchestra on the Titanic was pretty good too.

Post ID: @3kkd+1hoUgjxA

The results show a 16.9% decline in ITOM licenses. ITOM is the largest line of business. When your license revenue drops by that much (from previous years of rapidly dropping sales) you know you're about to hit that wall head-on. Not a single product group increased sales over the first half, the best result was a 2.9% decline in security. This company is a joke.

Post ID: @2elh+1hoUgjxA

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