Billings growth was less than 2 percent, which, according to Barclays’ Lenschow, is uninspiring.
After a strong first quarter, Pivotal only added 15 enterprise customers, the analyst said.
Other analysts were a bit more positive. “Lumpiness” yes, sure, that happens. Billings growth less than 2%…I am not an expert on what that may mean in the context of Pivotal, but I think it is accurate to say that for a growth company that is truly “uninspiring”.
https://finance.yahoo.com/news/analysts-review-pivotal-softw…
Compare to billings growth at Nutanix (55%), Zscaler (75%), 2%…
Again, if someone could explain the context of 2% for Pivotal in billings growth, that might be helpful to understand why this is not just a fundamental issue but a lumpiness issues.
Thanks.
Tinker