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No. of Recommendations: 14
The earnings look pretty good. Subscription backlog growing strong still at 56% YoY. Also FY guidance was raised from $780->$803mil.

Billings growth was reported at 27% which is probably why the stock got hit. They were explaining it as COVID headwinds, headwinds from beneficial invoice timing from Q1, and impact from strong upsell activity (creates headwind for current Q, tailwind for future Qs). CFO was saying YoY growth in current RPO is more important metric to follow as it eliminates variances in billings numbers.

Bnh
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