Insulet's revenue rose nearly 20%, and its full-year outlook moved to the top of its prior range. Its customer base grew over 20%, but quarterly new starts grew only low single digits and more competition is coming; the strong sales and outlook point to growth.
A larger customer base can support recurring sales. New customer starts grew only by low single digits in the quarter, and management expects more competition. The stronger sales growth and raised outlook still point to business growth.
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