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Home»Top Stories»Scoot Partners with SimpleVisa to Make Travel Visa Process Easier
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Scoot Partners with SimpleVisa to Make Travel Visa Process Easier

James TaylorBy James TaylorSeptember 19, 2023Updated:September 19, 2023No Comments3 Mins Read
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With SimpleVisa, our customers will be empowered to stay on top of the documents required to enter any country


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Rachel Tan, Vice President, Network Planning, E-Commerce & Distribution, Scoot, said, “Scoot is committed to providing a seamless experience throughout a customer’s journey with us, from the point of booking until they arrive at their destination. With SimpleVisa, our customers will be empowered to stay on top of the documents required to enter any country and take charge of their own travel plans at the click of a button.”

When announcing the partnership, Christian Baillet, CEO of SimpleVisa stated “We look forward to working alongside an innovative carrier like Scoot in delivering SimpleVisa’s aspiration to the world: make international travel as simple as domestic travel.”

About SimpleVisa

Founded in 2019 by Loris Mazloum and Christian Baillet, SimpleVisa is a leading global provider of travel documentation for the travel industry.

SimpleVisa’s aspiration is to make international travel as simple as domestic travel. To make its service accessible to a broad audience, SimpleVisa strives to be where travellers are: airlines, travel agencies, and travel advice websites.

Headquartered in Bordeaux, France, SimpleVisa partners with the world’s leading travel providers all over the globe and is trusted by brands like Scoot, gotogate.com, mytrip.com, Vacavia, Airmet. To learn more visit https://simplevisa.com/

About Scoot

Scoot is the low-cost subsidiary of Singapore Airlines (SIA). Scoot took to the skies in June 2012 and merged with Tigerair Singapore in July 2017, retaining the Scoot brand for a new chapter of growth. To date, Scoot has carried over 74 million passengers, and has a fleet of over 50 aircraft, comprising widebody Boeing 787 Dreamliners and single-aisle Airbus A320 family aircraft. By 2024, Scoot plans to add the Embraer E190-E2 to its fleet. Scoot currently flies to 67 destinations across 15 countries and territories in Asia-Pacific, the Middle East and Europe.

Scoot is not your typical low-cost carrier (LCC). Scoot was the world’s first LCC to attain the highest ratings at both the APEX Health Safety Audit powered by SimpliFlying and Skytrax COVID-19 Airline Safety Rating Audit in 2021 and attained IATA membership in 2022 for meeting global industry standards for safety in airline operations. As part of the SIA group, passengers on Scoot can earn and redeem KrisFlyer miles, enjoying more rewarding travel journeys and access to enhanced benefits.

Scoot provides a safe, reliable, quality and affordable travel experience with a unique attitude – Scootitude – a passion for travel, connecting people and cultures, and pushing boundaries, which drives it to continually innovate, strive for improvement and seek new opportunities.

For more information, visit https://www.flyscoot.com/en or contact Scoot’s Call Centre.

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Marine Fournier, SimpleVisa, 44 2920101537, [email protected], https://simplevisa.com/

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Previous Article# Is It Too Late to Buy Atlassian Stock? Atlassian’s (NASDAQ: TEAM) stock has seen a strong rally of nearly 60% this year. Investors have become optimistic about the enterprise software company as its revenue growth stabilizes and its operating margins expand. In this article, we will review Atlassian’s business model, growth rates, and valuations to determine if it is still a good time to invest in the stock. ## Stabilizing Growth and Evolving Business Model Atlassian was founded over two decades ago in Australia. Its two major products, Jira and Confluence, have helped companies plan and track software products and collaborate on documents, respectively. As of the end of fiscal 2023, Atlassian served 262,337 customers across its cloud, enterprise, and IT service management platforms. This represents an 8% growth from the previous fiscal year. In the fourth quarter of fiscal 2023, 60% of Atlassian’s revenue came from its cloud platform, while the rest came from its data center (25%), server (9%), and marketplace and services (6%) platforms. Here are the revenue growth rates for these four businesses over the past year: – Cloud: 30% – Data center: 46% – Server: -27% – Marketplace and services: 17% Atlassian is currently migrating its server-based customers to its cloud and data center platforms and plans to discontinue support for its server business in February 2024. This shift explains the decline in server revenue and the projected drop to zero by the fourth quarter of fiscal 2024. While the cloud-based business experienced a slowdown due to macro headwinds, the data center unit grew slightly as it absorbed server-based customers. The marketplace and services segment continued to grow as Atlassian expanded its marketplace for third-party apps and subscription-based support services. For the first quarter of fiscal 2024, Atlassian expects its revenue to increase by 18% to 20% year over year, with cloud revenue growth projected at 25% to 27%. However, no specific guidance was provided for total revenue. Analysts anticipate an 18% growth for the full year, lower than the 26% growth in fiscal 2023. ## Margins and Valuations Over the past year, Atlassian maintained adjusted gross margins in the mid-80s, indicating strong pricing power. Cost-cutting measures, including layoffs, boosted its adjusted operating margins. However, for the first quarter of fiscal 2024, Atlassian expects adjusted gross margins to dip to 83.5%, and adjusted operating margins to decrease sequentially to 19.5%. For the full year, it predicts adjusted gross margins to decline by 130 basis points year over year to 83.5%, and adjusted operating margins to decrease by 190 basis points to 18.5%. During the fiscal fourth-quarter conference call, co-CEO Scott Farquhar attributed the margin compression to increased investments in the enterprise cloud platform, cloud-based migrations, and the development of new IT service management products. Farquhar believes fiscal 2024 will represent the lowest point for operating margins, with a subsequent rise back to historical norms in the coming years. While no guidance was provided for near-term profits, analysts still anticipate a 31% year-over-year increase in adjusted earnings per share (EPS) for the first quarter and an 11% increase for the full year. However, considering Atlassian’s downbeat margin outlook, the stock may still appear expensive at 95 times forward earnings. Comparatively, ServiceNow, a bigger cloud-based peer, is expected to grow its adjusted EPS by 31% this year and trades at just 47 times forward earnings. ## Considerations and Conclusion Investors should note that Atlassian is still unprofitable based on generally accepted accounting principles (GAAP) and has a high debt-to-equity ratio of 5.3. These fundamental weaknesses, along with the stock’s high valuation, may make it vulnerable to bearish sentiments in a high-interest-rate environment. In summary, while Atlassian continues to grow, the stock appears overvalued at present. It may be wise to wait for its valuations to cool off, observe progress towards generating GAAP profits, and monitor steps taken to reduce leverage before considering an investment in the stock. *Find out why Atlassian is one of the 10 best stocks to buy now! Visit the full article for the list of top picks.* – Leo Sun has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Atlassian and ServiceNow. The Motley Fool has a disclosure policy. *Stock Advisor returns as of September 11, 2023.*
Next Article How the Federal Open Market Committee (FOMC) Impacts Gold, Stocks, and the US Dollar
James Taylor
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A writer and finance enthusiast who loves diving into the exciting world of stocks, commodities, forex, and crypto. I'm all about making the financial markets less intimidating and more accessible, so I write engaging content that simplifies complex concepts and shares practical investment strategies. Whether you're a seasoned investor or just getting started, I've got your back! But hey, life isn't all about work, right? On weekends, you'll find me hanging out and having a blast with my awesome friends and family. We love bonding over shared interests, trying out new adventures, and simply enjoying each other's company. Striking that balance between work and play is super important to me, because what's the point of success if you can't share it with the people you love? So, if you're up for some financial market insights and a good dose of weekend fun, stick around! Together, we'll navigate the money world and make the most of our time off. Let's learn, grow, and create memories along the way!

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