quoted from today’s AFR article:”Ausbil Investment Management...

quoted from today’s AFR article:
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Ausbil Investment Management small and micro cap funds portfolio manager Mason Willoughby-Thomas said the Nuix result was a “modest miss” which did not warrant the violent sell-off.“It didn’t help that tech was sold off so heavily in the US overnight. I expect it would have been down 10 per cent even with an in-line result,” he said.“Yes the top line indicated that it was a little weaker than you’d expect ... but it wasn’t that far off the mark.”Mr Willoughby-Thomas said the company did a good job of explaining the lower-than-expected revenue figure, which was largely driven by factors outside of its control.Consequently, he said it was reasonable to expect the company to still deliver on its prospectus forecasts.“In the first half they did $13 million of new customer revenue, so that leaves $16-odd million for the second half. You’d assume they’ll at least get another $13 million, so $16 million isn’t that much of a stretch.“The business looks to be a 20 per cent compound annual revenue growth type business. I’d be happy with that ... with mid to high 80 per cent gross margins and maintaining the cost base at the current level to ensure good EBITDA profitability.”