Revenue guidance for 2nd half of 2023 is between 24m and 26m
08 mar 23, TCV is 14m
23 Mar 23, TCV is 15m
From 08 Mar to 23 Mar is 1 fortnight and 1m increase in TCV. My observation is about $1m increase oer fornight
From now to 30 June 2023, it has 14 weeks left, divide by 2 which is 7 fornight. So, when you add 7m to current TCV of 15m, you will get 22m which is not too far off from the low end of the guidance.
Not too sure why is announcement is price sensitive though other than changing the 14 to 15m and 40% to 50%. My gues might be a damage control measure for last night Nasdaq drop and Fed meeting.
We will see today. DYOR, this is not financial advise.
Ann: Enterprise Sales & TCV Update, page-2
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