Ann: Q2 ARR grows to $52.7 million, page-32

	Quarter	Organic Growth in ARR	Cumulative ARR	Comment
1	Sep-19	$2.8 m	$47.6	Longer lead times and commencing transition to partner channel. Includes CYCL ARR
2	Dec-19	$5.1	$52.7	Strong rebound of growth validates Direct Saleschannel is healthy. Increase 80% q on q
3	Mar-20	$3.5	$56.2	Forecast unchanged 2020 March Q is up 40% y on y
4	Jun-20	$7.5	$63.7	Forecast includes contribution from Partners Channel and continued $6m+ run rate from direct. Added $0.5 to forecast
5	Sep-20	$5.0	$68.7	Partners channel gathers pace. Back to 2018 run rate as base. Added $1m to growth rate
6	Dec-20	$9.5	$78.2	Added $1m to growth rate
7	Mar-21	$7.0	$85.2	Added $1m to growth rate
8	Jun-21	$10.0	$95.2
9	Sep-21	$7.0	$102.2
10	Dec-21	$11.0	$113.2