No. of Recommendations: 3
In the CC, they addressed the 47% increase in billing (vs I think 27% ?) And pretty much said they expect it to even out and be in the mid 30s going forward.


Here's what was said:

I always look at it as the fourth quarter rolling average, which was 36%. Last quarter's 27% year-over-year growth isn't terribly telling and a 47% might not be as telling this quarter either. ...With that said, we had an excellent quarter and the things that we’re talking about strong North American performance, good growth in CLM, the fed coming online first, those all contributed to the good growth statistics we saw both in billings and revenue.

So my takeaway was, don't freak out if it's 30%, but don't get too excited if it's closer to 50%, because it's just lumpy. However, things are looking up!

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