surprised at SP, page-49

Thats hard to answer. They are spending a lot now during the hyper growth stage but are achieving excellent growth results in doing so. How long will the continue spending to grow and gain market share is anyones guess. I dont think they will have any issues keeping costs to a minimum once the company matures. They look for ways to save now like government grants (Rochester, Geelong). After all the services they sell are all about reducing company costs!