Today's earnings call today was brutal.
Currently down -17%
I'm not sure James Kehoe knows how to deliver messages to investors.
Going out of his way to highlight weaknesses. At one point he mentioned we should be "withholding payments to vendors"
Withholding payments??? I understand scrutinizing costs and but this kind of messaging is not a good look.
Part of your job in that role is to be a stock salesman to investors while upholding accuracy. Stephanie gets it, I'm not sure James Kehoe does.
Either way its huge blow to our business that comes at a cost of hardworking employees.
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2025 is a brutal year. Company is not getting any meaningful size new customers. Every quarter Stephanie is just going to cut the workforce bit by bit and we are NOT even in a recession YET.
This company is a joke. I'm constantly having to tell management what they need to be doing because they are clueless all the way up to the Exec VP's and C Levels. CTO is a bumbling id--t and modernization efforts failing due to leaders who don't have the level of experience on a technical or process level to lead these transformations. So many lazy people in this company it's unreal. At this point it's just a waiting game. They can't keep top talent because no one wants to put up with the pure incompetence from leadership.
The company is in its death spiral. More layoffs to come. It is inevitable. C-level management is clearly not capable of managing any kind of turnaround.
After being laid off due to the rampant ageism at FIS (If they make you sign a statement saying "it's not ageism"... it's probably ageism!). I've been working with contacts at my key accounts helping them to find alternatives to renewing with FIS. It's just too badly managed at this point.
1 billion spent in stock buy backs in 2024 and 1.2 billion coming in 2025. This is the only reason the stock price is going up since they aren't investing at all in the business. No organic growth whatsoever. Stephanie Ferris can't manage anything and then she wonders why our clients leave us. The strategy of cutting funding, laying off people, and not investing in the products doesn't work. If you are in an investor in this company, hope you like losing money.
Traders love this kind of stuff though all short holders made seriously good gains.
They both should go , CEO and CFO .
You're confusing honesty with selling away from our business.
Highlighting how our expenses are 2x of our competitors isn't necessary. Expenses are high is enough.
Previous management acted as "stock salesmen" about the WorldPay purchase. Now WorldPay is gone, the stock price has been cut in half, and executives there during that time are being sued for securities violations.
The problem is not too much honesty in public messaging. The problem is no one seems to know how to manage a company that consists of a hodgepodge of hundreds of products made by dozens of companies.