Let's be positive and hopeful that WCG Cloud revenue continues to grow and WCG 14% EBITDA will eventual resemble Godaddy normalized 25% EBITDA
source: WCG fact from Webcentral FY23 Half Year Results Presentation;
"Cloud revenue has grown by $2.3m PCP driven by a 16% increase in attachment rate for cloud with email revenue growing by a further 12% compared to the PCP"
"Strong hardware revenue of $4.1M in 1H FY23 supported by sold but unbilled revenue of $2.5M at HY and$2.6M sales pipeline"
Ann: Change in substantial holding - Tectonic Opportunities Fund, page-7
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