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Company reports in late Nov. Would have to see how much Covid has impacted them. They withdrew their guidance and said last half had a 15-20% drop in billings which would indicate a slow down in future rev. But Europe did recover faster.


I work in finance for a FTSE 100, my product is IOT. You're right that (in the UK at least) we have eased out of lockdown in recent weeks, and usage has up-ticked since then (across various industries). However we are still well behind run rate, and the impact will likely take rest of the financial year 2021 to recover. There is a lot of uncertainty in the market, which doesn't help new business or incremental growth. We are currently mitigating the impact by offering discounts & promotional pricing to re-stimulate this growth.


I've seen a lot of great points about this company in this thread, and I am intrigued to invest in the RPA space since that is, as mentioned, where the future is going. I am just wondering why now invest in a company that has been experiencing Covid headwinds on the assumption they may recover quicker than expected (and little visibility of that), instead of investing in a company with continued tailwinds (eg. ZM/FSLY). And I certainly wouldn't be inclined to build in a quicker than expected recovery from Covid into my investing criteria here, at least without more information.
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