What is your revised analysis?

Thank you for the thorough response Mat

Hi Eric,

The entire tech industry is collapsing right now. Not specific to Kinaxis. That being said, YoY drop revenue certainly didn't help (although it was above analysts estimates) as this was trading near all time high valuations. To justify those valuations, it will need to deliver consistent growth and deliver on expectations. Looks like we can expect revenue growth in the mid teens along with earnings growth in the 40% range over the next couple of years. These are solid growth rates (if it can achieve them).

Bottom line - the company reported at a time when the markets are bleeding red. So hard to figure if its a result of earnings or general market sentiment. I'm going with the latter as three are many solid growth stocks getting pummeled in the what is now officially a correction in the tech sector.

Mat

Thx Mat.

Apologies, should have formulated my question better. Do you have a revised analysis of Kinaxis? Gapped down - perhaps due to its 2.4% year-over-year drop in its total revenue for 4th quarter.
Is that concerning? Do you see this is a sign of future weakness?

Thoughts?
Eric

Afternoon Eric,

What revised analysis are you referring to?

Mat