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Redeye comments on Carasent's Q1 2023 report, showing a growth rate of 34% y/y and 16% organically y/y, slightly better than our estimate. Margins were, however, subpar, but a cost-savings program has been initiated, and the focus going forward will be on efficiency and scalability once more. Still, the report was a mixed bag, and we had hoped to see a clearer jump in the NRR and customer intake.
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