I don't know about that. For one, travel margins are not exactly the same as SaaS margins. Secondly, there's the global pandemic and all, kinda hurts the free cash of most travel companies.
I wouldn't be surprised if they genuinely would have trouble coughing up 10 million two days after the attack hit.
theyr'e what we call a travel management company ( = travel agency + software solutions). Their margins are close to the travel agency though, that represents the vast majority of their revenue. They're particularly exposed to business travel, so even worse for them at the moment
It depends if they report revenue gross or net. If it is gross that means they recognize all booked travel as revenue (and earn a margin on top of that) instead of just recognizing their fee as revenue. In that case it would be much worse margins than a mature SaaS company.
If I had to guess based on the figure, I would guess gross but I'm not sure.
Sorry I should have clarified -- according to Wikipedia, they had $1.5 billion in actual net revenue by processing $23 billion in transaction volume (aka GMV).
I wouldn't be surprised if they genuinely would have trouble coughing up 10 million two days after the attack hit.