Growth initiatives beyond LedgerpayHere are some of the foreseen growth directions beyond Ledgerpay and Cloud as it is now. There are so many opportunities it's hard not to be excited by the prospects of this company. Mike talks about heslthcare initiatives and how early that industry I'd in digital transformation. Nobody can overlook that Quisitive has been Microsoft's health partner of the year. The future is bright. If you've read the entire transcript and don't agree I'd love to hear your reasoning. Transcript excerpt below:
Mike Reinhart Yes. So obviously nothing immediately. To Scotts point, weve got some headroom on the balance sheet to do some small tuck-in kinds of things that when require any kind of equity raise and those would be the only things that we would consider at this point in time. But the real as we look at it, theres a variety of things we can go-to-market to do. Obviously, theres still some scale capabilities, theres certainly some niche areas that we need to complement. But from an industry side, we see some really interesting opportunities in the retail space. As we start to think about the intersection of cloud and payments coming together in our motion with our Payments business and the data and things, we see that intersection and the combined value coming together, certainly even with our existing capabilities theres things around e commerce and things around retail that we think would really be complementary and theres some interesting partners in the ecosystem. thats a focal point for them. And I believe that would be a great opportunity for us that would create value to the business on both elements of our business segments, but more importantly be more directionally aligned to where we see the future of this business and those two worlds coming together at the intersection of the customer unlocking data from payments in the context of merchants or retailers combining it under a common data model with their other capabilities that theyre trying to derive from store operations and things like that. And we think its one of the reasons why the two businesses together are so powerful and are going to really unlock value together in the future. So thats one area. The healthcare space, we continue to see opportunity to both build by and potentially partner. The growth opportunity there is enormous for digital transformation, whereas other industries are maybe in the third or fourth inning in some of the cases. Healthcare is still very, very early. We have a unique position there. Our brand writes to play with the awards from Microsoft, the IP and things. So we think theres other areas there that we could acquire, skill and capability to bring value to that on the cloud side. Scott Meriwether Further to Mikes point, from an inorganic perspective, especially on cloud, we have grown significantly as a Microsoft scale partner And as we are moving up with our customer base, we do anticipate there will be opportunities to scale geographically as we follow our customers. And case in point, one of those could be over into Europe at some point in time. Again, nothing in there. But beyond just the product acquisition and rounding out teams, we do think there will be opportunity for geographic expansion as we continue to grow with an overall Microsoft ecosystem.