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Billionaire Investor Chamath Palihapitiya's New AI Venture Could Kill Software Companies, Mark Cuban Says Not So Fast
Monday, January 15, 2024 - 10:38am | 673Billionaire investor Chamath Palihapitiya has gained notoriety over the years for investing in technology companies and specific growth sectors, including through a handful of companies that went public via SPAC mergers. Palihapitiya has a new idea that could transform the software market. What...
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PTC Extends SaaS Offerings With Two New Products
Wednesday, April 21, 2021 - 2:02pm | 188Software and services company, PTC Inc (NASDAQ: PTC), has said it is expanding its Software as a Service (SaaS) abilities with the Vuforia Expert Capture and Creo Generative Design Extension (GDX) offerings to the existing Onshape offering on the PTC Atlas SaaS platform....
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SAP Saw Strong Cloud Demand In Q4, Expects FY21 Operating Profit Decline
Friday, January 29, 2021 - 10:20am | 325SAP SE (NYSE: SAP) reported a revenue decline of 6% year-on-year to €7.54 billion in the fourth quarter of FY20. The e-commerce solution exuded robust performance, more than doubling the cloud revenue due to their increased demand during the pandemic. The cloud revenue...
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Qualtrics Raises $1.55 Billion By Pricing Upsized IPO At $30
Thursday, January 28, 2021 - 2:16pm | 280Qualtrics has priced 51.7 million shares at $30 per share in an upsized initial public offering (IPO), raking $1.55 billion. The offering was upsized twice, from the initial range of $20 to $24, raised to $27 and $29. It is a spin-off from German enterprise software service...
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Asana Rival ClickUp Hits $1B Valuation In Latest Funding Round: Bloomberg
Tuesday, December 15, 2020 - 8:01am | 433California-based software startup Clickup’s value has jumped by approximately five times since its previous funding round earlier this year, Bloomberg reports. The workplace productivity software company’s valuation touched $1 billion based on the latest $100 million...
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VMware Increases Exposure To Cloud Through Intrinsic Acquisition
Wednesday, August 21, 2019 - 8:46am | 334Enterprise software company VMware, Inc. (NYSE: VMW) confirmed it acquired a security startup company called Intrinsic to better position itself to the cloud. What Happened San-Francisco-based Intrinsic operates a platform that secures important data and allows software developers to securely tap...
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Nomura Makes A Bull Call On 'Disruptive' MuleSoft
Wednesday, January 24, 2018 - 4:50pm | 436By 2020, it is estimated that more than $2.5 trillion will be spent on the digital transformation, with $500 billion coming from enterprise software, according to Nomura. Mulesoft Inc (NYSE: MULE)’s Anypoint technology is considered a "disruptive" platform for the...
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Salesforce Remains One Of The Best Positioned Companies In Enterprise Software
Friday, November 18, 2016 - 11:06am | 348Goldman Sachs said in a note released on Friday that salesforce.com, inc. (NYSE: CRM) is one of the best positioned companies in the enterprise software segment, with multiple growth vectors. Stellar Q3 Showing, Q4 Guidance Analyst Heather Bellini reviewed the company's quarterly results,...
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How To Trade The Cloud In 2016
Thursday, January 7, 2016 - 10:51am | 339KeyBanc analyst Brendan Barnicle believes 2016 will be another strong year for leading enterprise software stocks. While the large capital expenditure required to compete in the professional cloud space will likely limit competition to the major players already involved, Barnicle believes there...
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Wedbush's Enterprise Software Picks For '16
Wednesday, December 2, 2015 - 11:26am | 555According to Steve Koenig of Wedbush, his high-growth software index continues to outperform other software issues. Koenig added that as a group, trading multiples for the high-growth software stocks have remained below the 8 to 10x forward EV/revenue level and the current 7.5x multiple is just...
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Tableau And FireEye Just Disappointed Investors… Will Others Follow Suit?
Monday, August 3, 2015 - 8:10am | 371In a report published Monday, Wunderlich analyst Rob Breza commented on the Enterprise Software segment, noting that the earnings season kicked off with "strong fundamentals combined with low expectations" from Check Point Software Technologies Ltd. (NASDAQ: CHKP) and Fortinet Inc (...