"The company can say it will "target" 20-40% ACV growth in the medium-long term, but the reality is it's only growing at ~16% this FY on the most recent guidance"
Your statement that NEA is only growing at around 16% is wrong; you have compared the guided $155M mid-point to the previous Constant Currency (CC) ACV. You are not the only one to have made that mistake.
The comparison of the guided FY22 CC ACV must be with the actual FY21 ACV, which was $128.2M. That means the guided growth rate is 21%. NEA was very conservative with their guidance for FY21, and I expect the same again this year. IMO, the range of 25-30% growth is more likely, particularly as the faster growing NA becomes bigger than ANZ.
NEA Price at posting:
$1.62 Sentiment: Buy Disclosure: Held
