Points to note: 1) Annual Contract Value: It is dynamic and keeps changing. It is just a key metric, not a deciding factor. MQG did not sign in time for FY2020-21 due to it's precarious position. I expect the ACV to be much higher than expected for period ending Dec 2021.
2) Revenue: Downgrade is max. 10% and the stock price has been hammered ~75%. Clearly shows it is not about the revenue, it's about distrust in management and rightly so.
3) EBIDTA: It is projected to increase by up to 4.5%. However, AUD/USD has fallen from 77c to 72c approx. 9% since 1st June, so EBIDTA is expected to be much better than projected as major revenue stream is from US.
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