Another great post, @bob52. Agree totally. Only one correction, Aconex currently has 53 offices, in 29 (not 23) countries. I just recounted them.
This gives it by far the greatest sales & service reach of all the companies in its field.
On the value of enterprise agreements with co's like Bechtel, AECOM, Fluor, Exxon Mobil etc- this is Leigh Jasper (CEO) from the 1H17 presentation:
"There's been a significantly positive trend in enterprise engagement expansion showing continued standardization on the Aconex platform. Across all of Aconex we saw a 5% increase in the proportion of enterprise revenue and the ANZ region stepped up its proportion from 61% to 65% of revenue.
This is a strong trajectory of enterprise agreement growth over the last three years from 33% to 44% globally and 46% to 65% in ANZ.
Enterprise agreements are great for Aconex, increasing industry standardization on the Aconex platform and also helping to increase our network effects.
These enterprise relationships tend to run for a very long time with high customer retention and high and growing recurring revenue for the Company"
-------------------------------------------------------------------------------------------------------------
This post is based on my own research and is not investment advice. When making investment decisions, always DYOR.
- Forums
- ASX - By Stock
- ACX
- Latest Press Articles
Latest Press Articles, page-59
-
- There are more pages in this discussion • 67 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)