RE:RE:RE:RE:RE:RE:RE:RE:Share PriceSeems like a lot of downward selling pressure at the moment. Not sure what others thought of the earnings, but I thought they were exceptional. They're guiding towards higher growth rates in Q1 and further out as an "opening economy" play too, with their exposure to the travel industry. Margins will be compressed but customer retention and expansion should be more managable as a barrier between the customer and the company has been removed.
It also has increased exposure to the emerging-market demographic more than other technology firms. Which to me is interesting from a diversification stand point. I'm fearful of the inflation trade but I don't like commodity based businesses with their poor business fundamentals. I feel like this is a good way to get exposure to that segment while not fully participating directly in simply because emerging market countries benefit in commodity bull-runs.
I have a feeling that this company just figured out the secret sauce and has entered the hyper-growth stage of the business but it's difficult to understand why the share price hasn't responded.
If you look at other hyper-growth SaaS businesses like kneat.com - they're trading at double the market cap and half the revenues, and half the growth rate, with more compressed margins.