Very well written. I was only reading their annual report yesterday as I have a mid sized position. I found it very interesting that the customer concentration says more than 50 percent of revenue comes from a single customer (I assume it is Google). The question I have been thinking about since yesterday is whether google can do something to completely disintermediate the online marketing segment? The priorities therefore say to include bing and Yahoo as customers but customer concentration is likely to stay.
revenue growing only with acquisitions, never profitable, what's the catalyst?
Nothing said about margins?
Very well written. I was only reading their annual report yesterday as I have a mid sized position. I found it very interesting that the customer concentration says more than 50 percent of revenue comes from a single customer (I assume it is Google). The question I have been thinking about since yesterday is whether google can do something to completely disintermediate the online marketing segment? The priorities therefore say to include bing and Yahoo as customers but customer concentration is likely to stay.