Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

Elastic N.V. provides information technology and data analysis services. The Company offers monitoring, security analysis, enterprise search, cloud computing, and open source application performance monitoring solutions. Elastic serves customers in the United States.

<ul><li>Elastic N.V. reported robust financial results for the second quarter of fiscal year 2025, showcasing notable progress in revenue growth and sales execution after a challenging first quarter.</li><li>The company's total revenue reached $365 million, marking an 18% year-over-year increase.</li><li>Elastic Cloud, a significant component of its subscription services, experienced a 25% growth, highlighting customer preference for cloud-based solutions.</li></ul>

Elastic N.V. reported robust financial results for the second quarter of fiscal year 2025, showcasing notable progress in revenue growth and sales execution after a challenging first quarter.The company's total revenue reached $365 million, marking an 18% year-over-year increase.Elastic Cloud, a significant component of its subscription services, experienced a 25% growth, highlighting customer preference for cloud-based solutions.

Elastic N.V.: An Analysis Of Its Sales Execution & Customer Acquisition Strategy! - Major Drivers

Asana, Inc. provides provides software solutions. The Company offers work management platform that helps teams orchestrate work, from daily tasks to cross-functional strategic initiatives. Asana serves customers worldwide.

<ul><li>Asana's third quarter fiscal year 2025 financial results highlight a company in the midst of significant transformation, leveraging new product offerings like AI Studio to position itself as a multiproduct organization with an eye on expansive growth opportunities.</li><li>During this quarter, Asana launched AI Studio, a noteworthy product in the AI domain poised to shift the company's revenue dynamics from a seat-based model to a potentially scalable, consumption-based model.</li><li>This move is accentuated by Asana's attempt to broaden its market reach beyond technology and into diverse sectors such as manufacturing and healthcare.</li></ul>

Asana's third quarter fiscal year 2025 financial results highlight a company in the midst of significant transformation, leveraging new product offerings like AI Studio to position itself as a multiproduct organization with an eye on expansive growth opportunities.During this quarter, Asana launched AI Studio, a noteworthy product in the AI domain poised to shift the company's revenue dynamics from a seat-based model to a potentially scalable, consumption-based model.This move is accentuated by Asana's attempt to broaden its market reach beyond technology and into diverse sectors such as manufacturing and healthcare.

Asana Inc.: Will Its Investments in AI Technology & AI Studio Integration Help Alter The Playing Field? - Major Drivers

UL Solutions Inc. operates as a safety science company. The Company offers certification, testing, inspection, auditing, validation, and advisory services, along with software products and advisory solutions. UL Solutions serves the banking, energy, medical, and transportation sectors worldwide.

<ul><li>UL Solutions delivered robust financial performance in the third quarter of 2024, with revenue and key financial metrics showcasing both strengths and areas for potential improvement.</li><li>The company reported revenue of $731 million, representing an 8.1% increase, and maintaining an organic growth of 9.3%.</li><li>This growth was driven significantly by the Industrial and Consumer segments, reporting organic growth rates of 11.7% and 9.2%, respectively.</li></ul>

UL Solutions delivered robust financial performance in the third quarter of 2024, with revenue and key financial metrics showcasing both strengths and areas for potential improvement.The company reported revenue of $731 million, representing an 8.1% increase, and maintaining an organic growth of 9.3%.This growth was driven significantly by the Industrial and Consumer segments, reporting organic growth rates of 11.7% and 9.2%, respectively.

UL Solutions Inc.: Strategic Accretive Acquisitions As A Primary Growth Accelerator! - Major Drivers

WEX Inc. provides payment processing and information management services to the United States commercial and government vehicle fleet industry. The Company markets services directly to businesses and government agencies with vehicle fleets, automotive manufacturers, fuel retailers.

<ul><li>WEX Inc., a provider of corporate payment solutions, reported financial results for the third quarter of 2024, showing a mixed performance with certain areas of strength and others facing challenges.</li><li>The company experienced a 2% increase in total revenue year-over-year, reaching $665 million, while adjusted net income per diluted share rose by 7% to $4.35.</li><li>However, this performance fell short of internal expectations, primarily due to issues within the Mobility segment, stemming from macroeconomic factors like declining fuel prices and certain operational challenges.</li></ul>

WEX Inc., a provider of corporate payment solutions, reported financial results for the third quarter of 2024, showing a mixed performance with certain areas of strength and others facing challenges.The company experienced a 2% increase in total revenue year-over-year, reaching $665 million, while adjusted net income per diluted share rose by 7% to $4.35.However, this performance fell short of internal expectations, primarily due to issues within the Mobility segment, stemming from macroeconomic factors like declining fuel prices and certain operational challenges.

WEX Inc.: Here Are 7 Key Factors That Will Shape Its Performance In 2025 & Beyond! - Major Drivers

MKS Instruments, Inc. develops, manufactures, and supplies instruments and components used to control and analyze gases in semiconductor manufacturing and similar industrial manufacturing processes. The Company's products are used to manufacture flat panel displays, magnetic and optical storage devices and media, solar cells, fiber optic cables, and diamond thin films.

<ul><li>MKS Instruments, Inc. reported a robust third quarter for 2024, with performance largely surpassing expectations.</li><li>The company achieved revenue of $896 million, marking a 1% sequential increase, driven predominantly by gains in semiconductor and electronics and packaging markets.</li><li>This growth was reflected in a gross margin of 48.2%, which was higher than anticipated due to favorable product mix and operational leverage.</li></ul>

MKS Instruments, Inc. reported a robust third quarter for 2024, with performance largely surpassing expectations.The company achieved revenue of $896 million, marking a 1% sequential increase, driven predominantly by gains in semiconductor and electronics and packaging markets.This growth was reflected in a gross margin of 48.2%, which was higher than anticipated due to favorable product mix and operational leverage.

MKS Instruments: Expansion & Diversification in Photonics & Lithography Propelling Our ‘Buy’ Rating! - Major Drivers

Insights in the Information Technology Space

Information Technology
Insights in the Information Technology Space

Elastic N.V.: An Analysis Of Its Sales Execution & Customer Acquisition Strategy! - Major Drivers

Elastic N.V. reported robust financial results for the second quarter of fiscal year 2025, showcasing notable progress in revenue growth and sales...

Baptista Research

Asana Inc.: Will Its Investments in AI Technology & AI Studio Integration Help Alter The Playing Field? - Major Drivers

Asana's third quarter fiscal year 2025 financial results highlight a company in the midst of significant transformation, leveraging new product...

Baptista Research

UL Solutions Inc.: Strategic Accretive Acquisitions As A Primary Growth Accelerator! - Major Drivers

UL Solutions delivered robust financial performance in the third quarter of 2024, with revenue and key financial metrics showcasing both strengths...

Baptista Research

WEX Inc.: Here Are 7 Key Factors That Will Shape Its Performance In 2025 & Beyond! - Major Drivers

WEX Inc., a provider of corporate payment solutions, reported financial results for the third quarter of 2024, showing a mixed performance with...

Baptista Research

MKS Instruments: Expansion & Diversification in Photonics & Lithography Propelling Our ‘Buy’ Rating! - Major Drivers

MKS Instruments, Inc. reported a robust third quarter for 2024, with performance largely surpassing expectations. The company achieved revenue of...

Baptista Research