"While we are looking to build on this upward trajectory of quarterly bookings, we do not believe the substantial increase this quarter reflects a new target or the new normal course of business. It does, however, speak to the trust our large B2B and B2C enterprise customers place in us and the longer term investments they are making in their digital commerce infrastructure with our team," said
These bookings mark a strong start to 2023 and will help drive the company's ambitious goals for the year. Q4 bookings will not have a material impact on Q4 revenues or earnings. The bookings results are largely driven by a number of material contracts signed with large enterprise customers that reflect 9 to 12 months forward visibility, representing a longer contract period than most of the previously reported bookings which have averaged from 3 to 6 months.
1 | Please refer to "Key Performance Indicators" section in the Management's Discussion and Analysis for the three and nine months ended |
2 | Please refer to the "Non-IFRS Measures and Reconciliation of Non-IFRS Measures" section in the Management's Discussion and Analysis for the three and nine months ended |
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