Proact: Q2’21, Soft Cloud Sales Hurts EBITA - Redeye

Redeye sees a soft Q2 report from Proact, showing solid cost control but decreasing Cloud revenue, hurting gross profit and EBITA. While the System revenue tends to be volatile and a 19% decline is not that significant, the decrease in the recurring Cloud revenues is something we will get back to. We will likely reduce our forecasts and Base case somewhat.

Research 20210714

https://www.redeye.se/research/816909/proact-q221-soft-cloud-sales-hurts-ebita?utm_source=finwire&utm_medium=RSS