Should be interesting to see if any of the sky is falling predictions are true
7 replies (most recent on top)
Umm.. to the person who posed the question if the sky is falling.. no, it’s not.
The fds stock price and analyst ratings are. Morgan Stanley, BMO, Wells Fargo have made downward revisions. More to come? Time will tell.
Weird part of earnings call was addressing retention. And GS suggesting they have created a play book and HS getting all excited about the idea. Wasn’t she CRO? Did she not think about retention then? You couldn’t make this stuff up for a business school case on how a CEO and BOD can slowly destroy a once great firm with poor leadership selection and quarterly changing business strategy. Now FactSet is in the IBOR business. I don’t think they can spell IBOR. I give it a quarter before they are back to Deep Sector. Someone will have to remind us of all the ELT hires and dismissals made over his tenure. the only ones who stick are pure kiss ups.
“We are quite focused on Retention” - HS
Are you? Seriously? You’re kidding, aren’t you?
If you cared about Retention, you would by far care about the churn/ overload being created on accounts due to constantly changing roles/ org structures / reducing HC and “creating efficiency”
Renewal Playbooks will not save clients from cancelling FactSet if the product/implementation/sales/support folk keep changing every other day.
Very unimpressed by the call in total. PS optimism doesn't match what I feel from my colleagues and GS didn't have a great performance in my view.
Hope is not a strategy, not that our GenAI products have a hope anyway...
Did someone say 4% is a good number? It’s awful. Company has no growth acceleration in future despite trying to spin a story on the earnings call yesterday. It was pathetic. I didn’t ever expect to hear that BS from GS. Sadly, they got to him. He was the last hope.
The overall people costs are flat to down, and increases have been in the range up to 3%. ( excl the ELT?)
- Do you want to add in inflation and see the growth in salary employees have had?
- Are the people costs down because of internal AI efficiencies or off shoring and silent layoffs?
- What would the growth be without these practices?
Perhaps you want to consider these points and assess if 4% growth is a good number.
Not sure how this is considered a growth company anymore. Rev. Increase of 4% is the annual price increase. Still a value play but need to cut costs to get margins and eps back up.