I have not done much work on building ideas on CCID’s growth prospects. When I originally bought it, I did not need to.
I was, however, anticipating a continued shift towards more recurring and higher margin (Data) revenues.
In the interim results Data revenue declined. Moreover the leading indicator “contract liabilties” came in weakish. That’s opposite from what I was anticipating.
I have not done much work on building ideas on CCID’s growth prospects. When I originally bought it, I did not need to.
I was, however, anticipating a continued shift towards more recurring and higher margin (Data) revenues.
In the interim results Data revenue declined. Moreover the leading indicator “contract liabilties” came in weakish. That’s opposite from what I was anticipating.