Despite revenue growth, the 1% decline in total revenue (excluding acquisition contributions) and flat annuity/maintenance revenue signaled weaker organic growth in their latest earnings report. Stronger performance was expected, especially given CMG's focus on energy transition solutions. Plus the transformation from consultancy towards subscriptions resulted in pressure on their margins. This is a short term pain and a long term gain.
Just of curiosity, where did you saw that Chris Mayer added to this position? It’s been on my radar for a while
Sure: https://quartr.com/insights/investment-strategy/what-investors-get-wrong-chris-mayer-on-dividends-noise-and-the-power-of-reinvestment
just wondering what causes the current downtrend? Any reason?
Despite revenue growth, the 1% decline in total revenue (excluding acquisition contributions) and flat annuity/maintenance revenue signaled weaker organic growth in their latest earnings report. Stronger performance was expected, especially given CMG's focus on energy transition solutions. Plus the transformation from consultancy towards subscriptions resulted in pressure on their margins. This is a short term pain and a long term gain.
thanks. I will go into an analysis. but customer concentration was discussed in another thread here. thanks anyway :)