THG and the ‘economies of scale’ question
The media is not kind to Matthew Moulding, founder, executive chair and CEO of THG, the Manchester-based, UK-listed ecommerce brand-building global empire formerly known as The Hut Group. In particular, The Times journo, Alistair Osborne’s excoriating comments on today’s quarterly trading update are a real hoot. Osborne puts forward the view that the more Moulding […]
Tech Mahindra’s rebound continues
Pune-HQ’d IPP Tech Mahindra built on the business momentum created in the first quarter (see here) during Q222. Revenue for the three months ended 31st September hit $1.47bn up 16.4% yoy and 7.2% qoq in constant currency. Net new deal wins for the quarter hit $750m. This brings the total for the first half of […]
SaaS pushes F5 Networks revenue up 10%
Management cited “skyrocketing” application usage and heightened security awareness behind the strong demand for F5 Networks on-premise, cloud and multi cloud solutions which pushed its GAAP revenue up 10% year on year to US$2.6bn. Acquisitions almost certainly played their part too after the purchases of Volterra (US$500m) in January 2021 and Shape Security (US$1bn) a […]
Pharmacy raises money (I think that’s the story)
Maybe Alex Chesterman is hoping that entrepreneurs Edward Ungar and Robert Ungar will buy the delivery vehicles for their hybrid pharmacy, Pharmacierge, from Cazoo, being as he’s one of the backers of the startup’s £1.25m angel funding round. In fact, Pharmacierge (I ‘get it’ but still think it’s a poncy name) is a real family […]
Liberata is here to help, with our Back on Track service… (Sponsored Post)
On the 1st July 2021, the Prompt Payment Code was strengthened so that 95% of payments to SMEs must be paid within 30 days and those companies will be permitted to charge interest on overdue payments. For this, SMEs are defined as organisations with less than 50 employees; for companies with more the 60 day […]
InterSystems shares its health data vision
InterSystems presented its Vision for Healthcare on the opening day of its Virtual Summit 2021. Don Woodlock, Head of Healthcare, said that now is the time for health systems to get more value from the data they have been collecting and move into an era of data driven healthcare. He spoke about how the efforts […]
Google Cloud falls short of expectations
Top line growth in Q321 of 45% yoy was not quite enough for Google Cloud (which includes Google Cloud Platform and Google Workspace) to meet market expectations. Third quarter results from Alphabet show that Google Cloud generated turnover of just shy of $5bn, some $200m short of the consensus view. The 7.8% pace of sequential revenue expansion in the period marked a […]
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Deal making Ideagen bags an October brace
Risk and compliance specialist, Ideagen, has continued its recent pattern of M&A activity with two more strategic deals. The AIM-listed software vendor is spending approximately $55m on the acquisition of US-based, Ives Group and UK vendor, Audit Xprt (Ai XPRT), as it looks to enhance its position in the audit and advisory space. Trading as […]
Cloud blows Microsoft forward in Q122
Microsoft’s relentlessly successful cloud push was underlined once again during Q122 when cloud revenue topped the $20bn mark for the first time in a quarter, with a 36% increase securing $20.7bn of cloud revenue. Microsoft’s performance reflects the buoyant market for cloud services. Google Cloud secured 45% growth to $5bn in its latest quarterly results, nevertheless that was short […]