Nephophobia is a fear of the cloud or clouds. My understanding is that Sage's model was failing because they were reluctant to go down the SAAS route using the cloud. Thanks to giving Steve Hare the reins they have changed tack and embraced SAAS and the cloud. It seems to be working.
My guess is that they prefer to take the hit now because they know the consequences. It contrasts with the Tesco scandal where executives were accused of trying to bring profits forward in order to cover up a disappointing performance.
RE: New Year but no new enthusiasm15 Jan 2019 11:13
It's probably more like an old galley. The slaves are all busy toiling away at the oars, the overseer is keeping them at it, the guy bashes the drum is bashing the drum and the guy at the tiller is keeping it off the rocks.
Meanwhile the captain and officers are partying it up in poop, oblivious.