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06/10/22
11:33
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Originally posted by Simonmobile:
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It's also the people who are sitting on big paper losses. They've got a handful of big clients, let's see if they renew. They certainly aren't signing up many majors and the revenue growth is awful so we know people aren't signing up. I know for a fact that some of those customers aren't global deals. They've succesfully sold to countries, regions and departments. there've won a battle, but CIO's want to consolidate with a trusted vendor/partner. Maybe they will turn these into global deals and win big. Maybe the CIOs (who are notoriously risk adverse) will look at things like bad financials, leadership entropy, CEOs spending company on family feuds, shareholder revolts (and the shareholders are revolting), take over bids by a training software company and will consider their option.
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clients are signing up but at lower fees due to new fee structure and also new reach product. This is the main reason for slower cash receipts and ARR growth.