If it's so great why is it doing so shite in the last year performance. Look at the slide on the renewals. The chart is going up and up but it's only because it's a cumulative number. When you adjust it back, it has struggled to grow.
I was seconds away from buying before I decided to run a table on the quarterly numbers to get a better idea.
So that included a proper analysis on the performance incl cash, adjustments for balance sheet timing as well as revenue timing and I got a surprise.
The slide deck is hiding much of the detail.
I will happily buy even at twice the market cap if they can show genuine growth and momentum.
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