They repriced their contracts which are sticky and high-retention. Product based IP operating leverage of their banking/lending software product (which is gartner rated) is coming through as it all drops to the bottom line. The stock has almost doubled after the last trading update by management. They have likely completed the key re-pricing activities with their major customers at end of the FY. The bet now is simply what additional upside on pricing will happen and what is their growth runway (old question but still relevant).
Subscribe To Our Free Newsletter |