In today’s briefing:
- Salesforce Inc.: Can The New Starter CRM Put Salesforce On A Different Level Of Growth? – Major Drivers
- Splunk Inc.: Strategic Partnership with Microsoft & Other Major Drivers
- CrowdStrike Holdings: Can The Launch Of Counter Adversary Operations Become A Revenue Driver? – Major Drivers
- Freshworks: 2023 Investor Day and Valuation Update
- Marvell Technology: Will The Launch Of COLORZ 800 Have A Significant Impact On Future Revenues? – Major Drivers
- Alteryx Inc.: On the Precipice of a Game-changing Acquisition? – Major Drivers
Salesforce Inc.: Can The New Starter CRM Put Salesforce On A Different Level Of Growth? – Major Drivers
- Salesforce delivered an all-around beat in the previous quarter.
- The company’s non-GAAP operating margin increased in the quarter.
- Salesforce also had fantastic victories throughout the quarter with JPMorgan, Bayer, FedEx, Maersk, as well as the Department of Veterans Affairs.
Splunk Inc.: Strategic Partnership with Microsoft & Other Major Drivers
- Splunk Inc. delivered a decent result and managed an all-around beat in the last quarter, marked by solid execution, operational discipline, and favorable customer engagement.
- Total revenue experienced a healthy year-over-year increase, demonstrating Splunk’s ability to achieve this growth while managing costs underscores its strategic approach.
- Additionally, Splunk continued to innovate by leveraging AI in security and observability, introducing the concept of Splunk AI to empower organizations to detect, investigate, and respond more efficiently.
CrowdStrike Holdings: Can The Launch Of Counter Adversary Operations Become A Revenue Driver? – Major Drivers
- CrowdStrike Holdings managed to exceed analyst expectations in terms of revenue as well as earnings.
- The company outperformed top and bottom line metrics expectations, achieving strong, scalable growth, amazing leverage, and operating within its target model overall.
- CrowdStrike also successfully implemented a go-to-market strategy centered on cloud security this past quarter, hosting a virtual cloud security summit with over 12,500 security and DevOp attendees, followed by cloud-focused partner and sales plays.
Freshworks: 2023 Investor Day and Valuation Update
- Freshworks, a cloud-based customer services software unicorn, held its first Investor Day on September 7, 2023. Management highlighted the long-term target to deliver the Rule of 40 by 2025.
- The 2023 Investor Day agenda included company vision and strategy, solutions in action, strategy for durable growth, customer spotlight, and financial overview, among others.
- Management plans to deliver a long-term balance of growth and profitability, with the 2026 model leading to an FCF margin of 20%+ and $1B+ revenue.
Marvell Technology: Will The Launch Of COLORZ 800 Have A Significant Impact On Future Revenues? – Major Drivers
- Marvell Technology delivered a positive result and managed an all-around beat in the last quarter, producing $1.34 billion in revenue.
- Revenue in their data center end market was $460 million, up 6% sequentially and significantly more than their forecast of a flat outlook.
- Notably, revenue from cloud AI and common cloud infrastructure both increased sequentially, with AI expanding more quickly.
Alteryx Inc.: On the Precipice of a Game-changing Acquisition? – Major Drivers
- Alteryx Inc, a notable player in the tech and data analytics sphere has sent ripples of excitement across the investment domain, stirred by buzz surrounding its potential sale.
- Boasting a formidable client base of over 8,300 entities, including industry behemoths such as Coca-Cola, Vodafone, Walmart, and Ford, Alteryx has firmly entrenched its position in the data analytics industry.
- Insider sources suggest that the company has engaged the expertise of investment banking stalwart Qatalyst Partners to steer the preliminary talks with potential suitors.
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