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      "text": "The worsening trends in reported “Grow” revenue are therefore driven by increasingly weak sales of software applications.",
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      "text": "Three factors: 1) Legacy declines accelerating due to cloud transition; 2) Noise from balance sheet restructuring affecting inbound calls; 3) 'Grow' products failing due to lack of competitive infrastructure and software sales.",
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      "text": "One of the touted benefits of the announced PCF deals was that the improved liquidity buys time for turnaround efforts to bear fruit and drive revenue stability. This view is flawed and fails to appreciate the extent to which Lumen is fundamentally growth-challenged.",
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      "text": "legacy declines are accelerating due to businesses transitioning to “mobile and cloud-based services at an accelerated rate as post-pandemic workplace restructuring takes hold.” — AT&T",
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