Quote: "I think there are a number of valid points, but the brokers in their commentary are questioning where the growth will come from."
Are you reading the same TBE results? TNE has a NRR (Net Retention of Revenue) of 119% TNE is a software and SAAS company, Existing customers continue to pay for using the software plus pay for more enhancement modules which the 119% NRR shows. In very simple language TNE existing customers increased their spending by 19%. This is in addition to new customers coming on board. Another very impressive figure is the ARR target of $500m (Annual Recurring Revenue) which TNE brought forward by a full year.
And you have doubts where the growth will come from??
Ann: TNE FY23 Results Presentation, page-22
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$24.55 |
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