LiveRamp sees FY20 revenue growth of 25%-30%
LiveRamp CFO Warren Jenson said on the company's Q3 earnings call last night, according to a transcript of the call shared on the company's website: "As we look ahead to fiscal 2020, we are confident. Our business is extremely healthy and our growth initiatives are building momentum. With that in mind, our focus is shifting from transition to accelerating our pace of execution, innovation, and grow. At the same time, we expect to leave FY 2020 with a top line margin structure, which not only points to another big growth year in FY 2021, but one that is solidly profitable too. With that in mind, as always, we ask that you'd be conservative in your estimates. It's still early. We suggest you think about top-line growth of between 25% and 30%. On the bottom-line, by Q4 FY 2020, we would expect our operating loss as a percentage of revenue to be in the mid-single digits. Our buyback, we plan to be conservative in our near-term approach. We believe we are in a period where financial flexibility will pay disproportionately high strategic dividends. That said, you should expect us to consistently be in the market, but also be highly opportunistic."