We have reached the tail end of earnings season although there are a couple of interesting releases scheduled before the holiday. Splunk, and Pure is to report on 11/21 and Nutanix is to report on 11/25 along with Palo Alto. Splunk shares were downgraded by a small research boutique, Cleveland Research. The cause of the…
The earnings cascade will soon start for the week although I will be writing some more reviews for awhile longer yet. Today’s post reviews what has been considering disappointing results/guidance from Square and the rocket ship that Alteryx shares have become. I will also be commenting on PS strong results and its interesting acquisition. I…
There have been a variety of news events that may be of interest to some subscribers. I though it might be most convenient to bundle them into a single post. None of these events will be company changing but they have had some modest share price impact. Before starting on the content, please note that…
Salesforce (CRM) earnings review The other day, Salesforce reported the results of its 4th fiscal quarter. The quarter was more or less consistent with prior expectations. Revenues grew by 26% year on year, consistent with the results of the full year. The EPS number as reported, benefited from a $.12 mark-to-market provision-absent that the EPS would…
Summary Pluralsight continues to beat estimates for revenues, profitability and cashflow. The company has raised guidance modestly for 2019 results. Sub-headline revenue metrics including dollar based net retention are steadily rising. The company has built a very visible set of differentiated courses and that is resonating with enterprise users. The differentiated offering has allowed PS…
I imagine that all of our subscribers are aware that the Fed chose to raise rates this afternoon. That decision had been anticipated by most market participants. The Fed statement, however, was considered to be more aggressive with regards to the likelihood of future rate hikes than might have been hoped. The Fed also continued…
Wednesday afternoon was marked by a host of enterprise software companies announcing their results. Included in this afternoon’s group were Aspen Tech (AZPN), Citrix (CTXS), PTC (PTC), ServiceNow (NOW), Pluralsight (PS) and of course Microsoft (MSFT). Of these 6 companies, 5 reported very strong quarters and most of them raised guidance, in some instances by…
Salesforce Salesforce reported the results of its fiscal Q2 last evening. Before diving into some company specifics, I think subscribers should consider the following quotation from the company founder, whose knowledge of this space from a sales perspective is simply peerless. “I’ve never seen such a robust spending environment…I’ve never seen CEO’s spend so aggressively.…
Square Square announced the results of its fiscal Q2 last evening. Investors seemed disappointed at first, but later reversed course and bid the shares up to a new high. Rationally, investors in growth names….expect the companies in which they invest to grow. The faster the growth, the better the company has performed in achieving its…
Summary Pluralsight is a fairly recent IPO that is a significant factor in the Edtech space. The company has pivoted its business and sells mainly to larger enterprises on multi-year subscriptions. The pivot has caused revenue growth to accelerate sharply, although the impact is best seen in bookings and the growth of ARR. The pivot…