Yeah, it did get caught up in the SaaS bubble in 2021, but it was very early days then. Now the debt is 1/3rd of what it was then, the SaaS revenue is much larger, and allegedly the legacy customers are switching more easily due to Baby Boomer succession after Covid
There were pitches for this one 2-3 years ago, maybe even further back, that were almost identical to the current pitches.
Yeah, it did get caught up in the SaaS bubble in 2021, but it was very early days then. Now the debt is 1/3rd of what it was then, the SaaS revenue is much larger, and allegedly the legacy customers are switching more easily due to Baby Boomer succession after Covid
The difference is back then, software was a small % of revenue, now its 60% and growth has materially accelerated to rule of 40
Well done, didnt get to this till this morning!
Is there any reason Q4 lapping slowed to 23% compared to YOY of 41% or just harder comps?
The traditional printing business is super lumpy
Do you know what their churn is?