SaaS revenue grew 1.9%. Likely, the SaaS base has decreased when adjusted for price increases. Churn is 6.8%, which in my opinion is a lot. I’d be most worried about the consulting revenue falling by over 11%.
I’d like to know how badly that core contract base has eroded. At least the CEO didn’t dare to admit it. It’s a pity the guy didn’t answer the questions properly in the earnings live stream either…