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  "documentTitle": "PowerSchool Holdings, Inc. (PWSC)",
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  "notes": "The slide uses a map to visualize the total addressable market (TAM) while the callout box highlights a specific competitor/market challenge in India.",
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      "text": "We believe it will be challenging for PowerSchool to expand in these markets in a meaningful way without diluting margins because of the structural differences in education funding in foreign markets.",
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      "text": "Potentially realizing the decelerating growth in its core North American market, PowerSchool has been increasingly focused on telling investors about its international opportunity. Management has specifically focused on India, the Middle East, Africa, SE Asia, and Latin America on its earnings calls. We believe it will be challenging for PowerSchool to expand in these markets in a meaningful way without diluting margins because of the structural differences in education funding in foreign markets.",
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      "text": "Source: PowerSchool Investor Presentation (September 2023)",
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      "text": "Large Global Opportunity – 1.3B Students Outside N. America",
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      "text": "PowerSchool Pitches International Growth Opportunities; But We Believe It Is A Long-Shot",
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