NOR 4.08% 5.1¢ norwood systems limited

Ann: Half Yearly Report and Accounts, page-20

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    "During the period, Norwood conducted a thorough review of its cloud-based server infrastructure to identify further operational efficiencies and cost savings. This has led to a number of important adaptations, implementations currently underway, to how Norwood consumes third party cloud services. The Company is confident that these operational changes will deliver significant additional savings to its cloud infrastructure costs over the current and future periods."

    Was this delivered tongue in cheek by a bloke who was awarded a 68% pay-rise based on performance?

    Here are some cost-cutting ideas:
    1. You want to save IT infrastructure costs? Turn it off.
    2. Punt the non-performing staff. The CEO and Sales Guy Tot have to go. Expensive and under-performing. The HY says it all.
    3. I am unsure the value of flying to London to be part of a 30 minute panel discussion. How were the canapes?

    All imo.
 
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