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LionsTact

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LionsTact

Re: starkd748 post# 46

Friday, 05/08/2020 3:05:35 PM

Friday, May 08, 2020 3:05:35 PM

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MOBL continues its shift to a subscription-based business model, which accounted for 64% of revenue for the quarter.

.... I'll also note that during the March quarter its cloud-based offering grew 22% year-over-year to account for 40% of revenue for the quarter.

.... And exiting the quarter, MobileIron has $99 million in cash and equivalents, and no debt outstanding.

I see MOBL's March quarter results as a favorable backdrop for the second half of 2020

Good Luck Brother
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