In today’s briefing:
- Ansys Inc: Ansys Gateway On AWS & Other Drivers
- Etsy Inc: New Image Search Feature & Other Developments
- HubSpot Inc: New Products & Other Drivers
- Trimble Inc: Acquisition of B2W Software & Other Drivers
Ansys Inc: Ansys Gateway On AWS & Other Drivers
- Ansys delivered a positive quarterly result with a strong performance on most key metrics, including revenues, earnings per share, operating margins, and ACV.
- Semiconductor and high-tech, automotive and ground transportation, and aerospace and defense were again the largest contributors in this quarter.
- The startup program of the company is growing as the nascent companies are taking advantage of Ansys solutions.
Etsy Inc: New Image Search Feature & Other Developments
- Etsy reported a strong set of results that were beyond market expectations with a strong adjusted EBITDA margin and growth in revenue.
- Also, it had some early incorporation of buyer interests and taste to create more personalized and predictable recommendations.
- The company held Etsy Up: Holiday edition, its foremost global holiday kickoff event for sellers all over the world.
HubSpot Inc: New Products & Other Drivers
- HubSpot delivered a good quarterly result with revenue growth beyond market expectations, especially in terms of constant currency.
- The company also delivered an earnings beat as it added more than 8000 net new customers this quarter.
- In spite of the more challenging macro environment, HubSpot maintained a healthy growth retention rate largely given its low pricing.
Trimble Inc: Acquisition of B2W Software & Other Drivers
- Trimble showed a decent organic revenue growth in the last quarter but failed to meet Wall Street expectations on the revenue front.
- The company’s top-line was impacted by the changes in the foreign exchange rates and it barely managed to meet market expectations regarding earnings.
- Recurring and software revenue continued to grow at quite a strong rate which is reflected by the sequential acceleration of its organic ARR growth.
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