How was the revenue so high? Layoffs don't produce revenue. I'm curious if they have been doing a fair amount of price increases.
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How is our stock price up to $125?!
for 2024 there will be yet a 20% reduction of development work. So, what little enhancements that were planned, are now unplanned, and a worse 2024 is expected.
It is the cost of stealing from Peter to pay Paul, and it is about to catch up to FB and Co.
Early contract termination penalties. Clients are tired of being held hostage. FI will need to strategically pick a few more big clients to give terrible service to- need to force more early termination fees to salvage Q4. There is no real value being created in this company, rather execs are stripping it down. Either the board is completely asleep or they are scamming shareholders.
Creative Accounting- Something Deloitte should be investigating. Robbed Q4 and 2024 earnings to prop up Q3- questionable CapEx and early revenue recognition. FI will announce a major restructuring in 2024 to unload and burry the creative efforts.
Definitely only made our numbers based on layoffs which is not sustainable long term. The future revenue will come from more deconversions which is what mgmt wants. So sad:(
Of course it does. It's millions of dollars that was going to payroll, now rolls into profit.
Deconversions.