Two quarters of declining receipts, but one could validly argue that receipts are still in an uptrend as two down quarters don't make a trend.
In saying that, another slip in receipts for Q1 FY23 would NOT be a good look.
Another interesting tidbit is the lack of any mention to ARR in the commentary as opposed to previous quarterlies (excluding the table at the end). This could be a concerning sign.
*Receipts shown in $m*
![5224a97a709181fb0331f419a4cb76dc39d826.png](//strawman.com/member/uploads/objects/dc/5224a97a709181fb0331f419a4cb76dc39d826.png)