G'day Parlay, yes I agree about the Company's proclivity to use...

G'day Parlay, yes I agree about the Company's proclivity to use a lot of Managerial/IT 'newspeak'.

Comes across mostly as light-weight jibberish.

Plain and simple, Cirralto offers a business IT modernisation/upgrade service. "Implementations" are jobs, but I'm not sure what "customer engagements" are.

Once you get your ear in, you'll gather the gist of "verticals" and "pipelines", but I agree it's effort we probably shouldn't be put to.

On the other hand, aren't you being a little mischevous in suggesting CRO "had money in booked revenue that came to zero".

Those are precisely the revenues, previously formally booked to Telstra, currently being re-contracted directly to Cirralto, that have now begun coming through - witness, Thursday's Announcement.

As the Company has indicated, it was only Telstra's surprise restructure that saw those revenues disappear from last Quarter's books, and made things look so appalling. (The Telstra division with which Cirralto had been dealing evidently itself disappeared in some managerial guru's puff of self-important logic. Something his successor will no doubt reverse next Pancake Tuesday.)

Anyway, the point is: the cavalry of re-contracted revenues is on its way.