SAAS earnings... COVID tailwinds only?
SoftwareEquityGroup analysed SaaS Earnings and found most were beating FY20Q1 guidance but lowered Full Year guidance, Autodesk even by 8%. In contrast, Big Data stocks like Splunk, ARR up 52% YoY, and Alteryx, ARR YoY up 43%, showing solid earnings as well. Areas like content delivery soar (Fastly), and obviously Shopify and Zoom doing well.
Bottomline: Many SaaS ISVs active in digital transformation and remote work seem to benefit as expected from Covid, but are providing a cautious outlook. Those in more traditional industries do feel pain.
In FinTech: Wirecard's challenges... Create opportunities?
Challenges create opportunities... so I2inc creates a migration package to help Wirecard clients transition.In other PaymentTech, Ezlynx insurance agency software partners with Clearent to create incremental revenue streams.
Bottomline: Read more Fintech here or contact us to learn how ISVs can create profitable payment revenue.
June big Tech acquisition update
In Big Tech Acquisitions, Fleetsmith customers are unhappy as Apple discontinued services right after the acquisition. Microsoft bought CyberX to boost IoT security for its Azure cloud, HPE acquires Software-Defined-Wan leader Silver Peak. Netapp acquires Spot cloud resource optimization.In other acquisitions, Germany’s Matrix42 acquires Firescope in virtualization, Mozenda and Dexi are merging to bring scraping and Data intelligence together.
Bottomline: Find >130 june Software acquisitions here. Also, read CBInsights list of FAMGA 1B$+ acquisitions.
Other June News:
Another month in FinTech & Payment-Tech
BaseCommerce acquires merchant accounts from LucentPay as larger players continue to buy growth and focused niche- innovation. Similarly, Boston FinTech Airfox was acquired by Brazilian retail giant Via Varejo. Revance Biotech is targeting a 56B$ payments opportunity by acquiring the HintMD payment platform and Ontario revenue management enters Consumer Payments through the SwervePay PayFac acquisition.
Bottomline: Any ISV, any VC, any (D365) reseller should evaluate payment revenue opportunities. Contact us for free advice or read more here.
Healthcare AI funding continues
Bright.md collects $16.7M series C for their AI-powered telehealth platform, CathVision (Denmark) adds €13M to enhance their AI cardiac platform, PathologyWatch gets 5M$ to work on supervised AI for cancer lines, Dyno Therapeutics gets 9M$ to apply AI to gene therapy. Owkin raises $25M to expand AI-powered cancer research into COVID19.
Bottomline: Read (200) more H1-2020 AI powered healthcare funding rounds.
May Acquisition update
Cisco’s push into software continued with a $1B ThousandEyes acquisition, Omnitracks fleet management acquires Vistracks to add BI functions for an SMB play. PKware, the inventors of ZIP, were acquired by TSCP PE. And, following up on our April newsletter, read SeekingAlpha on NVIDIA buy & trading and Alphabet/Youtube value.
Bottomline: there's more! find >100 May Software acquisitions here.
Other May News:
“2 years of Digital Transformation in 2 months”
Not only Microsoft reported accelerating Digital transformation: others like Prodigy innovate digital (car) sales platform, the UK government focuses tech-spending on enabling mobile & flexible work. In funding, Paradox collects $40M funding to accelerate “Future of Work” AI-enablement in HR and Groove collects $12M for remote-working enabled sales engagement.
Bottomline: Read 500 more recent news items on “Digital Transformation” and “Future of Work”.
FAAMG Earnings reports
SeekingAlpha had an interesting analysis on FAAMG stocks - notably on the upside for Microsoft and Amazon with for example AWS passing $10B/quarter - vs Apple with flat revenue since 2018, EPS growth only from share repurchases and iPhone sales declining. In other stocks,Twilio beat revenue/earnings expectations on Healthcare, Education Growth; NVIDIA hits an all-time high, Avaya was mixed as their challenge remains growing collaboration and subscription fast enough to offset other declines.
Bottomline: read >100 other CY Q1 earnings reports in software here.
April acquisition update
NVIDIA completes $7B High Performance networking acquisition, Rapid7 acquires Divvycloud container security and Cornerstone closes $1.3B acquisition of Saba and Netapp acquires Cloudjumper VDI (Virtual Desktop).
Bottomline: Find ~100 April Software acquisitions here.
Other April News:
Cloud use and remote working spikes - will we work more efficiently forever?
Microsoft sees a 775% increase in cloud services consumption, and despite a small hiccup, gets everyone working on their Teams product. Maybe a reward for their commitment to continue paying hourly workers, followed by Facebook, Amazon, Twitter and Google.
Xamin Offers Free Secure Remote Connectivity to start companies securely with remote working. Digital Marketing is spiking. Companies are increasingly focusing on Home deliveries, for example enabled by Bringoz offering Free Access to Delivery Management Software.
Bottomline: The world will become more digital: start thinking now about a post-crisis world.
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