Redeye: Proact - Solid Q3 and Positive Outlook

2022-10-26 07:46:00

Redeye strengthens its positive view of Proact following a solid Q3 report in basically every aspect. System revenue was strong partly thanks to a catch-up effect, but the outlook remains solid. Recurring revenue continued to show robust organic growth, and the high TCV suggests the trend will persist. We raise our forecasts and Base Case slightly.

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