RDY +4.19%: results for the people management software business today went off largely without issue. Revenue of $103m was up 32% and only a small miss to consensus, while EBITDA jumped 21.7% to $34.8m which was in line with expectations. The company talked up their sales pipeline, particularly in the enterprise business which has a near $1b opportunity. They also guided to EBITDA margins remaining around the 34-35% level which is a positive. Their aspirational $160m+ of revenue by FY26 seems achievable after today’s results.
MM remains long and bullish RDY
Add To Hit List
