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Friday, August 05, 2016 8:06:51 AM
All the PPA (Walmart plus others) business is not recorded as direct revenue (appears as monthly income)
I haven't seen Q1 alongside Q2 for all line items yet to see if there is a reason to be worried and given Q1 was when they started showing PPA there may not be a direct comparison yet.
Any increase in the monthly PPA revenue for Q2 will indicate new business that started being deployed and paid for in Q2
The big question is where was the analysts forecasts - who actually documents them? and were they using GAAP or non GAAP numbers? Analysts should have been asked to make two forecasts!
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