Schwimmer a master at spin with analysts and investors, but anyone internally knows it was a really mediocre quarter and year for D&A. No new D&A head named yet, have to figure it will be someone externally after this quarter.
No material Microsoft deliverables (SSO as a product deliverable, cmon!? lol). All other Microsoft things kicked down the road to later in 2025.
LSEG wanted headlines in the press to spin the quarter as Microsoft related as a sales tool for renewals heading into Eikon EOL. But anyone knows that wasn’t the case. The other business units propped up D&A.