6/11/2023 0 Comments Clickchart crack![]() ![]() Stifel MD Aaron Rakers writes: "Nimble’s F3Q16 results and F4Q16 outlook materially missed expectations more importantly we/investors will now question the company’s ability to invest its way out of what appears to be an increasingly competitive landscape." That’s to be expected, but probably more than in this third quarter. It expects next quarter's revenue to be between $87-$90m, $88.5m at the mid-point, and that would be 25 per cent growth from a year ago – not so good. ![]() Also, he doesn't see a quick product fix coming in the short-term. Oh dear, the growth decline is set to continue for several quarters more. We expect that it will take several quarters to realise the impact of these investments and have factored that into our guidance for Q4FY16." "We believe our planned investments will improve revenue growth as well as operating leverage over time. "We plan to make some key investments to drive growth that will constrain short-term profitability," said CFO Anup Singh.
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