CLAIM #61758 · V (V) · 2024Q1 earnings call · Jan 25, 2024 · due Sep 30, 2024
“We have a similar expectation in terms of the range of growth in Q2... And we do anticipate that growth will accelerate into the second half of the year.”
Chris Suh · CFO
In context
“arter, and then you would see that trough accelerate going forward. Just a nuance of the guide is mid to high single digits, so just trying to make sure if there was anything else new to report on Q2 versus Q1 being the trough. And then secondly, just a slightly higher operating expense in constant currency from, I think, it was high single to low double, just the low double now. Was there anything to factor in for that? Chris Suh: Yes. Thanks, Bryan. Yes, so just backing up to your point, going into Q1, you outlined the guidance that I gave. We set an expectation at that time, similar language, high to mid-single digits to high -- sorry, mid- to high single digits, and we did come in at the high end of that range, which was, again, largely benefiting from timing of incentive performance. We have a similar expectation in terms of the range of growth in Q2, but many of the variables that I talked about in terms of the half one versus half two a quarter ago, which was lapping high volatility, lapping high cross-border performance from a year ago and lapping lower incentive growth from a year ago, those, we continue to believe, hold true. And we do anticipate that growth will accelerate into the second half of the year. In terms of your question on OpEx, yes, the changes that you picked up in terms of the full year guide primarily have to do with two things. One is we're now including the impact of the acquisition of Pismo into the guide for OpEx, and there's been some slight updates based on FX, the current FX rates. Jennifer Como: Next question, Jordan. Operator: Our next question comes from Andrew Jeffrey with Truist Securities. Your line is open. Andrew Jeffrey: Thanks. I appreciate you taking the question. Ryan, I wanted”
Verify independently
SEC filings for V ↗ · Claim quote is verbatim from the 2024Q1 earnings call.