A chunk of VNX revenues are recurring as many of the solutions are hosted or charged on a monthly basis.
By comparison, NOR's SP halving over the last 7 weeks, still has a MC circa $50m (fully diluted). With actual HY revenues of $300k. Ignoring NOR Annualised Revenue metric (which NOR themselves did in their last announcement).
A chunk of VNX revenues are recurring as many of the solutions...
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