Everything else down. Total ARR -- down 1%. Total Revenue -- down 6%. Gross Margins -- Down. Operating Income -- Down. Down in virtually every metric from 2021.
All 'success' is being measured versus Public Cloud growth, and that cow has about been milked dry. The bigger picture only shows stagnation and contraction.
Interesting in the detail of the FY report is the win backs. Looks like it is increasing as those who have tried to make the cloud native products work have realised the error in their ways
As the old saying goes ... "you can't cost-cut your way to profitability". But inept TDC management keeps trying because they don't understand the market or its dynamics.
What real cloud company is shrinking? OP is spot on. This cow is almost milked dry.