Unfortunately as& Christmas management only sees the cash. If you look around, the customer base is huge and the actually pay for the existing software. Everything else is moot. Cash and debt service is all they care about. The human capital is always the easiest to cut first. DST has a lot of debt but reorganizing the structure will take over 2 year. Meanwhile so long as the customers renew and pay on time ss&c will get their cash one way or another. Renewed customer base, layoffs, facilities/IT/hr/legal downsizing will all be a part of a master plan. No more contractors and expensive parties or perks. Basically it everything and anything possible and more until it’s stabilized. This is just the first quarter. Wait until dst doesn’t make their numbers 6 percent is a low number as the company is very bloat with a mush mash of businesses. Real estate & pharmacy groups should be prepared for major changes. IT infrastructure will be gutted. Projects in progress will be stopped. As far as sw&c is concerned it investing in new tech is not the goal as it takes too long. They buy companies for their existing tech, take most of the cash, and leverage it to buy other tech companies. The products now are a mush mash of competing software. It will eventually cannibalizes the othe ss&c subs.
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Huh?