Can anyone enlighten me as to how there can be such significant downgrades when such a high proportion of revenue is supposed to be recurring in nature? I would have thought that a high proportion of recurring revenue means that revenue is quite stable over time (in the absence of contracts not being renewed). Does such a large downgrade mean a number of contracts over the last 6 months that were up for renewal were not renewed (and not replaced by new contracts given COVID pushing out the sales cycle?)
Can anyone enlighten me as to how there can be such significant...
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