Analysts noted a 20 per cent increase in operating costs for the provider, coupled with a “sharp decline” in high margin licence revenue, and a “slower than expected” transition to microservices.
The most recent cuts are in an effort to make annualised cost savings of around £16.8mn (AUD 30mn).
Article continues after advert
ruby.hinchliffe@ft.com
Page 2 of 2
