#RateGain is the next one I am reading about since it is so called positioned as SaaS but I have got contradicting date which I haven't been able to evaluate yet on my own. I read the business update just now and following is my 1st assessment.
Good business update from #RateGain

Rev grew by 40% YoY but that's not the main metric we should focus at since it is positioned as SaaS business.

While I am not sure % of SaaS revenue from the total rev., perhaps someone can throw light. I haven't gone into depth of the business yet.
Gross Retention Rate(GRR) of 92% & Net Retention Rate(NRR) of 121%. It is important to know what each stands for & interpret correctly.
NRR is includes expansion rate while GRR does not. Meaning, NRR shows if the company is able to retain & grow customers to pay more. GRR only shows if the company is able to retain.

So GRR is not really what we should focus at. NRR is a better SaaS metric
NRR >100% indicates growth! Meaning, your account expansion is on growth path! GRR leaves this aspect out.

ARR at 97% is very robust.
LTV to CAC has improved from 8.9 to 11.34 on account of high vol. growth. We can only know that numerator has gone up. No idea on denominator.
I will use this as a base thread & grow it once I know more about this. One thing though - we can't compare with US counterparts. Indian cos. always trade at higher multiple. We can't say US cos trade at lower multiple so our cos are overvalued.
Key thing to find out is - of 100% rev., how much is pure SaaS? Anyone knows, do share.

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More from @Finstor85

5 Jan
Some top up topics here since there was very interesting conversation in the comments. Just want to bring that topic to the front. What is data assessment & prioritization? How does traditional vs new mobile n/w handle this ever rising need to prioritize the data?
Real-time analysis & prediction of certain kinds of data is getting more importance in communication between Machine to Machine. Let's refer that as M2M from now on. The M2M data is giving more imp. in certain application context than P2P (person to person)
Esp. geospatial data related to self-driving, driving assistance, navigation, traffic & accident info., license plate detail etc. has more imp. than any kind of data transferred over the network. It isn't the network that is capable to assess & prioritize at protocol level.
Read 8 tweets
3 Jan
OK here we go! Pl note that thread may be a bit technical, but I have tried to be as simple as I could. This is my own interpretation of the tech & where we are going with digital
Before we understand business of #tatacommunications, we have to understand some concepts without which we won't be able to appreciate the changes & improvements
#tatacommunications is mainly known for internet connectivity, colocation, enterprise data provider. But The co is transforming from these traditional services
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31 Dec 21
We will look at the 4th company in this series today. It is a smallcap companies named #Zensar that has one hidden gem called ZenLabs! Read on.
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* Services - Experience Service(Unique), Advance Engineering, Data Engineering & Analytics, Application Services, Foundation Services

Very neat & clean categorization of the services. Not trying to over do. Very straightforward to show what they offer.
Read 23 tweets
29 Dec 21
So we are going to discuss a young digital co promoted by big names. The price has rallied exponentially & valuations are through the roof. This is an attempt to discover where the value lies & what's worth.
I have tried to be as balanced, neutral with my analysis as I could. Positive & Negatives, wherever applicable are duly presented. It is up to you to take this view or not. And pl, rising price can't ever justify lagging fundamentals.
If you are keen to understand business, read on. Those who care about price can ignore this one. Here is to #happiestminds
Read 66 tweets
28 Dec 21
The 3rd co that we are going to study today is a smallcap, although by definition it isn't a smallcap, but by operations it still is. This 🧵is even longer than previous ones. Here is one for #Mastek
* Industries & Domains - Public sector & Govt, Healthcare & Lifesciences, Retail & CPG, Manufacturing & Industrial, Financial Service. Public sector & Govt. is their strength amongst all other.
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27 Dec 21
So the 2nd co we're going to study today is a small base, very aggressive, well positioned one. This one is going to be a long thread. Have a patient read! Here is - #Birlasoft
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I clearly see some segments that can easily create a drag on rest of the business - Mfg, Energy, Utilities are some of those segments. However, in capex friendly scenario, this can generate Alpha
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