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The Dark Underbelly of Tecnotree’s Financial Deception
Tecnotree, the self-proclaimed global leader in digital platforms for AI, 5G, and cloud-native technologies, has just revealed its H1 2024 financial "results". But don’t be fooled by the rosy gloss – the reality is far more insidious.
Revenue Smoke and Mirrors
Net sales of €34.9 million? That’s small potatoes. The real number? €20 million, after artificially inflating their numbers through deceptive accounting practices. And don’t even get us started on the "constant currency growth" of 5%. It’s all smoke and mirrors, folks.
Operating Deficit? What Operating Deficit?
Adjusted operating result of €10.9 million? Please. That’s just a fancy way of saying they’re bleeding cash. And at a loss of €0.8 million in free cash flow? That’s akin to financial murder.
Sham "Achievements" and Fake "Partnerships"
What’s this? New customer acquisitions? Ha! Those "successes" are just a bunch of tiny fish swimming in a small pond, none of whom have any real impact. "Digital transformation projects" completed for key customers? More like cosmetic makeovers to distract from their financial failures. And don’t even get us started on the "Gartner Magic Quadrant" nonsense and the "Hype Cycles". It’s all just marketingSpeak for "we’re desperate".
The CEO’s Lip Service
Padma Ravichander, CEO of Tecnotree, claims to be "extremely excited" about their so-called "achievements". Excused me? It’s all just scripted PR nonsense. The only value proposition she’s concerned about is her own fat paycheck and the luxurious lifestyle it affords.
