Dropsuites released 4th Quarter update to the market this morning.

It seems that growth has reduced compared to previous quarters and this will be FCF negative quarter.

(cash balance at Q3 was 24.6m and at the end of Q4 reported cash balance is 24.3m )

Business isn't struggling by any means but these are weak numbers compared to a few previous quarters. incidentally, the Microsoft Backup solution is also in the preview and in the process of rolling out worldwide.

Microsoft currently has a Tech conference : Inspire going on and the following is announced overnight

Welcome to Microsoft Inspire 2023: Introducing Microsoft 365 Backup and Microsoft 365 Archive

Microsoft 365 Backup provides recovery of your OneDrive, SharePoint, and Exchange data at unprecedented speeds for large volumes of data with a restore service level agreement (SLA) -- while keeping it all within the Microsoft 365 security boundary.

• Backup all or select SharePoint sites, OneDrive accounts, and Exchange mailboxes in your tenant.

• Restore files, sites, and mailbox items in your tenant in parallel to a prior point-in-time in a granular manner or at massive scale.

• Search or filter content in your backups using key metadata such as item or site names, owners, or event types within specific restore point date ranges.

You’ll be able to access Microsoft 365 Backup directly in the Microsoft 365 admin center.

You can also get the benefits of this technology by adopting a partner’s application built on top of our Backup APIs. You may choose to do this if you have a preferred partner or if you have non-Microsoft 365 data you also want to back up. Our partners can provide unique and powerful experiences within a single pane of glass for your Microsoft 365 and non-Microsoft 365 data sources. By leveraging the Backup APIs, partner apps can deliver the same unprecedented backup and restore speeds backed by Microsoft assurances – all while keeping that Microsoft 365 data within the trusted Microsoft security and compliance domain.

Get peace of mind that your content is securely and efficiently backed up and restorable in hours rather than months. Microsoft 365 Backup will be available in public preview in Q4 of this year.

https://www.microsoft.com/en-au/servicesagreement

Technology One just announced a back-office incident related to O365. This just highlights every company needs to have a cyber response strategy for their Office 365 and Dropsuite or equivalent solution must be part of that strategy.

On FY22 page 32, the Performance Rights number seems too high.