Client Briefing Note:IBM’s announced acquisition of Red Hat in a deal with an enterprise value of roughly $34 billion at a hefty premium triggered a recovery in cloud stocks. The reason this particular transaction acted as such powerful a trigger is because it reinforced a pattern that the market has come to expect: transformational deals, outsized tech valuations and continued anxiety among the majors to remain competitive and perhaps even relevant.
This briefing note looks at the recent trends in 'cloud' M&A, the impact on acquisition valuation multiples and the expectations for further consolidation among cloud software companies in 2019.  Highlights:
Client Briefing Note:Salesforce reported reported Q1 FY19 revenue growth of 25% YoY, consistent with its remarkable historical performance. The company reported double-digit growth in all relevant metrics, exceeded analyst expectations and company guidance, and raised expectations for future performance across the board. Growth is showing no signs of decelerating, despite the company surpassing $12bn in ARR.
This briefing note analyses the core pillars of Salesforce's performance, the company's latest acquisitions and the implications for Salesforce's growth strategy, competitive positioning and outlook.   Highlights
Quick Take
Like so many other industries, the Human Capital sector is faced with continued change and disruption. From updated recruitment methods for attracting and supporting an increasingly transient workforce to employee engagement and the push towards a digital workforce experience, technology is transforming the future of work.
In the report (available here), we explore the latest HR Tech sector tends, review recent M&A and investment activity, compare valuation multiples (trading and acquisition) and analyse the strategy of key players in the space. Read more... |
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