When I first saw Talend’s report, I was very unhappy with the 39% growth, especially given the amount of money they’re still losing. But after listening to the call, I am actually considering buying more shares.
First, I was confused. Dollar based expansion rate was 124%. Enterprise customers were up to 427 (up 47%!!!) How did revenue only grow 39%???
I think it’s likely that this is another masked-growth situation. Talend has a legacy on-prem business (including Hadoop) that is slowing down, especially in North America. But Talend also has the cloud, which is growing at 100%+.. (emphasis mine)
Bear,
Do this was written on August 7. After today’s drop do you still have the same thinking?
Thanks.
Jeb
Long TLND
Explorer Supernaut
You can see all my holdings here: https://discussion.fool.com/profile/TMFJebbo/info.aspx