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.
EBITDA60% of the EBITDA beat was from one-time savings, leading to unchanged 2024 adj EBITDA guide.