For those who don’t like this stock. What am I missing in these numbers? Growth in revenue and recurring revenue is huge. Transaction adjusted EBITDA sounds like something I shouldn’t believe until I look under the hood. What is that? What else?
From the release:
Total revenue increased by $14.9 million, or 8.1% year over year, to $199.0 million in the second quarter.
On a constant currency basis, total revenue increased by $15.1 million, or 8.2% year over year.
Recurring revenue increased by $15.8 million, or 9.1% year over year, to $190.0 million in the second quarter.
Core revenue increased by $17.4 million, or 10.3% year over year, to $186.2 million in the second quarter.
Transaction Adjusted EBITDA increased by $6.4 million, or 10.7%, to $66.4 million and increased by $6.5 million, or 10.9% year over year, on a constant currency basis, in the second quarter.
