With Q2 EBITDA in line, Leaddesk again reported top-line and ARR slightly below our estimate. However, the company has now provided more colour on the top-line slowness, which lets us conclude that the underlying core business ARR is on a healthy growth trajectory. However, today's focus is on the acquisition of the Telia ACE platform, which according to the company allows it to sell its AI offering across to a much larger customer base.
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