Layoffs and tough decisions are hard to swallow but today we see it pays off for all of us in the Orange Universe. Congrats to the leadership on an outstanding quarter.
18 replies (most recent on top)
Outstanding result? That's stolen from our raises and bonuses.
This thread IS about that.
Stock price way up. No thread about that for some reason
Bob Hau on the earnings call.
“ Total debt outstanding was $24.4 billion on March 31. Our debt to adjusted EBITDA ratio slightly increased to 2.8 times within our targeted leverage range. And we have approximately 7% of our debt in variable rate instruments.
During the quarter, we repurchased 10.2 million shares for $1.5 billion, bringing our total cash return to shareholders for the last 12 months to $4.7 billion.”
That Argentina mention made me choke on my coffee. Also, I was looking at the released financials for Q1.
Where did they bury the egregious amount of debt this company has post merger? I feel the numbers were massaged a great deal to publish results. Please tell me I'm not incorrect with this assumption. It doesn't add up.
Frank, does your back hurt from patting yourself on it so much?
Hanging on by a thread. Clients are lined up to leave, just waiting for their ridiculous contracts to expire. Fiserv's "model" for finance is not sustainable, not that Frank and his jabronis care about that.
When do the clients get to see these results?
Gotta love the giddy brag and prideful boasting about charging people 100% interest for non-discretionary spending (i.e. food, clothing, housing, etc.) Just goes to show that those at the top really are more likely to be psychopaths.
I can't believe corporate propaganda still uses words like "synergy" unironically.
Cash flows won't cover debt...have to keep cutting and cutting. Needed FISV revenues to continue hiding the disaster of FD debt. Pig, meet lipstick.
Can't disagree with the numbers. Financially, Fiserv is running like a well-oiled clock.
Mods should delete this for being off topic. Don't need orange propaganda.
Maybe it’s just me but I heard Senior Management thanking the horrific economy of Argentina for our progress.
Is there still random dr-g testing here ID: @OP+1sbZOb5T needs one today.
Anyone else notice leadership shift in their seats when the question asked about the stock growth continuing? That's not ominous at all...
Yes, very hearty congrats on achieving platinum-level results on your one and only criterion for “success”: more and more for management, less and less for employees and clients.
Well done!
One quarter closer to FB deploying his golden parachute and leaving a dumpster fire behind.