Redeye: Formpipe - Solid Momentum in Public Sector
Redeye retains its positive view of Formpipe following a Q2 report largely matching our expectations. A strong Public ACV offset a somewhat soft ACV in Private, giving a total ACV slightly higher than expected. Although EBIT was marginally lower than anticipated, Formpipe continues to improve its margins gradually, aligning with its target.
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This is a press release from Redeye - Research Powered Investment Banking. www.redeye.se/