Jim got me interested again with his post: https://discussion.fool.com/plan-34217734.aspx
This video isn’t the most compelling thing in the world, but it gives an idea of what their market is, and a key competitor (a company now owned by Workday): https://youtu.be/8WRQE7KFy-I
Revenue growth is close to 50%:
2017 44 46
2018 52 58 62 69
2019 76
2017
2018 42% 49%
2019 47%
Their guidance for Q2 (ending Jul31) is only for 36%, but it was for 35.5% last Q and they did 47%, so I’m not too concerned.
Subscription growth rate is ticking up steadily:
2017
2018 42% 44%
2019 45%
It’s not a particularly exciting business, but they seem to be doing very well. I think they’re legitimate, and one I’d like to become more familiar with. I’m in for a 3% position.
Bear