Have they ever clearly laid out the walk from ACV to cash receipts to revenue? From what I see:
- FY22 revenue and cash receipts are equal to or less than closing FY21 ACV
- Now H1 FY23 cash receipts are less than a third of closing FY22 ACV
None of which makes sense when your ACV is growing, unless ACV is something else than the standard definition...
Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-41
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