RE: Major contract win16 Dec 2024 07:57
Seems very late in the year to be withdrawing booking guidance that has been promised privately and publically even in Q3. Deal slippage still a huge concern and SK hasn't got a grip on the pipeline yet. 2M is a good start as a new deal but the trend of companies only wanting to commit to 1 year deals is not a good sign... please take this from someone who works for a company who has progressed towards 1M ARR. It's very hard to forecast confidently on 1 year deals and there is a concern of some sort not to commit to a more typical contract duration, e.g. 3 years.
Let's see how the market reacts.