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http://infopub.sgx.com/Apps?A=COW_CorpAn...7aa384c11d
http://infopub.sgx.com/FileOpen/SAL%20Gr...eID=439063
http://infopub.sgx.com/FileOpen/Silverla...eID=439064
Recurring revenue (Core Banking, Insurance SaaS) strengthens, non-recurring revenues at a cyclical low as Financial Institutions cut capital spending.
Next quarter may see their y-o-y revenue stabilizes as recent project wins get recognize. Long term demand for digitization of Financial Services should be growing at a healthy clip.
What worries me is competition (management doesn't seem to mention that often) from new technology such as Blockchain and AI and startups in Fintech. Offerings from larger, more established tech companies (Infosys etc) seems more attractive. Silverlake's strength is their willingness to acquire new capabilities through M&A, and their established market position in South East Asia.
Potential Catalyst is new contract announcements and announcements on how they intend to use their large cash position.
(vested in Silverlake and Infosys)
http://infopub.sgx.com/FileOpen/SAL%20Gr...eID=439063
http://infopub.sgx.com/FileOpen/Silverla...eID=439064
Recurring revenue (Core Banking, Insurance SaaS) strengthens, non-recurring revenues at a cyclical low as Financial Institutions cut capital spending.
Next quarter may see their y-o-y revenue stabilizes as recent project wins get recognize. Long term demand for digitization of Financial Services should be growing at a healthy clip.
What worries me is competition (management doesn't seem to mention that often) from new technology such as Blockchain and AI and startups in Fintech. Offerings from larger, more established tech companies (Infosys etc) seems more attractive. Silverlake's strength is their willingness to acquire new capabilities through M&A, and their established market position in South East Asia.
Potential Catalyst is new contract announcements and announcements on how they intend to use their large cash position.
(vested in Silverlake and Infosys)