Modelon: Continued transition to the cloud - Redeye

Modelon’s Q3 2023 report contained no big surprises. The ARR was exactly in line with our estimates and sales were close. The ongoing transition from on-premise installations of the flagship product Modelon Impact to more streamlined and managed cloud services is temporarily extending sales cycles, but we believe Modelon is set to pick-up pace in 2024. We make some adjustments to our estimates following the report, mainly on the growth side.

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