Great analysis! I also really liked the charts you shared from the analyst presentation. Coincidentally, I delved deep into Reply over the last three weeks too and recently shared my thoughts on the business.
There are a few things I noticed when I was reading annual reports of its competitors (such as Accenture, Cognizant, Infosys, Epam Systems):
- no comprehensive information about their top customers and revenue drivers from specific sectors, which makes it challenging to assess customer concentration
- lack of information about attrition levels, which I believe is very relevant for evaluating the operational performance and health
- no information available about the revenues from Reply's own platform solutions (any recurring revenues ?)
I'd love to hear your thoughts on these points. Thanks!
Great analysis! I also really liked the charts you shared from the analyst presentation. Coincidentally, I delved deep into Reply over the last three weeks too and recently shared my thoughts on the business.
There are a few things I noticed when I was reading annual reports of its competitors (such as Accenture, Cognizant, Infosys, Epam Systems):
- no comprehensive information about their top customers and revenue drivers from specific sectors, which makes it challenging to assess customer concentration
- lack of information about attrition levels, which I believe is very relevant for evaluating the operational performance and health
- no information available about the revenues from Reply's own platform solutions (any recurring revenues ?)
I'd love to hear your thoughts on these points. Thanks!
Why excluding Globant?