My understanding is; TCV refers to the revenue it expects to generate once executed.... it can be cited in FY terms, but I understand that this statement is in relation to current contracts waiting to be completed.
Assuming not too many clients are paying in full prior to completion of any contract, I assume if there is currently ~$15million in current TCV & the company is only expecting to be in receipt of say $3-$5 million in cash receipts prior to June 30th. Therefore I would expect there is already expected cash receipts in the pipeline for the 2023 FY....
....I am happy to be corrected on this one.
Ann: Enterprise Sales & TCV Update, page-14
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