This company is not a leader and may prove to be an even more incompetent follower.
For many quarters now, Cloud Revenue were from migration of old systems.
IBM did the same. We will see how IBM come out of it. Regardless, IBM will survive with deep pocket and legal team.
Can't say the same for this place and so layoffs will continue to pay for their sins (just like all their other actions) if proven.
TDC lost the SAP litigation so that says a lot on their legal team's competency.
IBM under fire for misleading shareholders on cloud revenue
https://www.verdict.co.uk/ibm-shareholders-cloud-revenue/