Astute acquisition was completed mid-Nov which means around 1.5 months of its revenues is included in the 4C.
As compared to previous quarter, there is only $1m increase in revenues which probably is mostly coming from Astute, meaning that there is no organic growth.
In the last qtr report they were trumpeting 'payslips processed' and 'employee implementations' (meaning new client accounts) but there is nary a word in this report. I sense that they are struggling to show growth.
Astute acquisition was completed mid-Nov which means around 1.5...
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