MotorK : Softer-than-expected top line, but ARR momentum still strong
>Mix effects leading to a soft quarter - Q1 2023 results came in slightly weaker than our estimates at € 11.4m, a miss of 6.8% to our figure however still growing 36.7% YoY. The top-line was negatively impacted by the mix effects, and most notably by the softer-than-expected SaaS platform revenue. In Q1 this came in at € 8.7m which is 11.3% below our forecast, however up 50.4% YoY which looks fine. On a QoQ basis SaaS revenue decelerated by 23%, but we note that Q4 20...
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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