ALC 5.19% 7.3¢ alcidion group limited

I highly doubt that they will relocate their Adelaide office and...

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    I highly doubt that they will relocate their Adelaide office and I personally don't want that to happen. My own researches indicate the management has restructured the Adelaide office into a software development centre which lead by CMO Malcolm Pradhan, the recent hiring spree including the software developer, test engineer, cloud devops engieer and quality compliance manager are all based in Adelaide. There were a few roles within Adelaide office including the marketing manager, the people & performance manager and the old CFO Craig Duncan have all been made redundant early this year.

    The recent new hirings are software developement related and most of them are based in Adelaide office, it somehow tell me the company is expecting an uptake in their PRODUCT sales so I take this as a huge positive as the product sale generally has higher profit margin as it includes high portion of recurring revenue.
    Last edited by willchang409: 16/10/19
 
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