EarningsStock up ~10% on HSD organic growth, underpinned by strength across sub-verticals and contribution from recent acquisitions, which likely boosts investor confidence about the success of IIIV's transition to a pure play Public Sector software company.
Growth StrategyM&A remains an important pillar of IIIV's growth algorithm, as recent acquisitions contributed ~4 percentage points of growth in 3Q.
Strategic FocusThe company simplified its operations by divesting its Healthcare RCM business, focusing solely on the Public Sector, which removes distractions and concentrates capital allocation.