DDOG

Summary * The report introduces the Terminal Opex & Capex Framework for estimating a software company's terminal opex and capex - part of the overarching Terminal FCF margin Framework. * The framework takes into account market factors such as market type, revenue model, market concentration, and software criticality, as well as various other insightful considerations. * The article provides insights on how these factors can influence a company's opex and capex at the mature stage of business