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PS - Pluralsight: Better Q3 But Long Term Still Unknown
Pluralsight Inc.
After a rather dismal Q2 earnings report, Pluralsight (PS) reported a much better Q3, though the stock has not moved much since reporting earnings. After hiring a new chief revenue officer, it appears the company is back on track as billings growth improved from last quarter, though still remains below its recent quarterly trend. At these levels, it seems like investors are a little hesitant to keep buying, thus preventing the valuation from expanding. And I agree.
Revenue grew 34% during the quarter to $82.6 million and was nicely above consensus expectations for