Redeye: Formpipe - Temporary Softness in DK and Cautious Banks
Redeye retains its positive view of Formpipe despite lowering its forecasts and Base Case. While the headline numbers were below our forecasts, the main reason behind the lowered forecasts was the lower-than-expected ACV, caused by more cautious banks.
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This is a press release from Redeye - Research Powered Investment Banking.