25/2/16 half yearly they talk about 8-10b fum by end of decade and here we are 18 months out from that with 8.3b fum, and looking like we added 900m last quarter with still a few days to go. On that basis 12 b fum could easily be possible
Margins are compressing as expected and some cash is being used to grow faster in new headcount etc so bottom line not looking as big as it could otherwise, but is a similar story to xero and a few others, they are investing now for growth knowing that revenue will grow faster than cost and the hockey stick kicks in.
Ann: FY18 Update, page-6
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