Client GrowthNet new clients were only +3 (33 new less 30 churned), and commentary on higher churn and downgrades could raise concerns.
CompetitionRisks to consider include competition among large, well-capitalized vendors, pace of asset management cloud adoption, and execution risk.
Earnings Guidance2024 revenue guidance of $200-210mn was only reiterated, implying a growth range of 14.6-20.3%.