I agree, the growth is the key winner here. A quick spreadsheet with current ACV values and growth rates (even at more conservative growth rates) leads easily to a billion dollar company in a year or two. In fact if we assume quarterly ACV growth of 72% like in the current announcement, ACV is over $1B by Q3 2023. With a 10x earnings rate gives a share price of $16.
Great management and reliable ACV increases. A successful business in a growing industry. Still a solid hold here.
Ann: Appendix 4C - quarterly, page-16
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