Loup Ventures, the venture capital firm founded by former Wall Street tech analyst Gene Munster, recently surveyed Unity Software (NYSE: U) developers to get insight on possible increased revenue for the company going forward.
What The Survey Showed: The survey showed that 81% of Unity developers plan on spending more with Unity over the next 12 months. Unity Pro and Enterprise users were even more likely to add additional subscriptions over the next 12 months, with 95% expected to add subscription seats.
The survey also showed a higher attach rate of 4.1 additional Unity operate solutions added to accounts. Loup Ventures was expecting this figure to be in the low 3s. Operate solutions are typically monetized on a pay per usage basis according to Loup.
Unity competes with the Unreal Engine, owned by Epic Games, a Tencent Holdings (Pink: TCEHY) company. The survey showed that the platform of choice is
Samsung has reportedly beat Apple to first place in the US.
This is apparently the first time Samsung beat Apple since Q2 2017.
Samsung is the world’s number one smartphone manufacturer, regaining its spot in Q3 2020 after briefly losing it to Huawei in the previous quarter. Now, it looks like the third quarter held even more good news for the Korean brand.
Strategy Analytics reported (h/t: Korea Herald) that Samsung beat Apple to first place in the US market in Q3 2020. This reportedly marks the first time since Q2 2017 that Samsung has managed to beat the iPhone maker.
The report noted that Samsung achieved 33.7% market-share in the US during this period, compared to 30.2% for Apple and 14.7% for third-placed LG. It’s believed that Samsung’s budget phones are responsible for the growth, although devices like the Galaxy Note 20
Computer Programs and Systems, Inc. (NASDAQ:CPSI) defied analyst predictions to release its quarterly results, which were ahead of market expectations. The company beat both earnings and revenue forecasts, with revenue of US$68m, some 7.0% above estimates, and statutory earnings per share (EPS) coming in at US$0.36, 54% ahead of expectations. This is an important time for investors, as they can track a company’s performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. We thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year. NasdaqGS:CPSI Earnings and Revenue Growth November 8th 2020
Taking into account the latest results, the current consensus from Computer Programs and Systems’ nine analysts is for revenues of US$282.2m in 2021, which would reflect a satisfactory 5.2% increase on its sales over the
Salesforce has long been the dominant name in customer relationship management software. But the CRM industry was actually invented in the 1990’s by billionaire Tom Siebel.
Now Siebel’s current company, a startup called C3.ai valued at $3.3 billion, has joined forces with Adobe, and Microsoft to take on Salesforce with industry-specific, AI-backed CRM.
Siebel tells Business Insider he’s confident he can win this market because Salesforce has “been talking about AI for about a decade,” he said. “It’s all marketing and very little technology.”
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In 1993, Tom Siebel launched Siebel Systems. Soon after, in 1995, the company introduced Siebel Sales Enterprise, the world’s first customer management software — a tool that at-the-time helped salespeople keep track of interactions with current and potential clients.
It was the start of what would become a growing $80 billion market called “customer relationship management” (CRM) — one
Shares of Square surged 13% on Friday after blowing past Wall Street’s expectations for the quarter a day earlier.
The San Francisco-based payments company reported a 140% increase in net revenue to $3.03 billion in the third quarter. Adjusted earnings came in at 34 cents, more than double what analysts polled by Refinitiv expected.
AMD has beaten Intel’s performance advantage in desktop PCs with its new Ryzen 5000 series CPUs. That’s the verdict from a range of reviewers this week that have been testing AMD’s flagship $799 Ryzen 9 5950X with its 16 cores and 32 threads. Even the entry level Ryzen 5 5600X offers some impressive performance at just $299.
AMD’s Ryzen 9 5950X steals the performance crown from Intel in gaming in most tests. Tom’s hardware has the 5950X beating Intel’s Core i9-10900K comfortably in an average of eight games at 1080p and 1440p. Some other games are closer, but AMD’s latest Zen 3 chips beat Intel’s equivalents for single-threaded performance too.
Anandtech saw similar gaming performance results, with the 5950X beating the i9-10900K in the majority of its gaming tests at a variety of resolutions. HotHardware also put the 5950X up against the i9-10900K in a variety of gaming benchmarks, and
Shares of exercise technology vendor Peloton slipped in late trading this afternoon even though the company’s fiscal first-quarter results topped Wall Street’s expectations for both revenue and profit per share, and its outlook for the full year was higher.
The company’s total subscriptions at quarter’s end were up 137%, at 1.33 million, Peloton said. It’s paid digital subscriptions rose 382% to 510,000, it said.
Total member count grew to over 3.6 million.
Peloton expects to have 1.63 million total subscriptions by the end of this quarter, it said. For the full year, it projects 2.17 million “or more” Connected Fitness subscriptions. That would be higher than consensus for 2.08 million.
In a letter to shareholders, the company said sales results were “driven by strong Connected Fitness Product sales and continued low Average Net Monthly Connected Fitness Churn of 0.65%.”
Its member engagement, Peloton said, “eased modestly from the prior quarter’s
Paycom Software (PAYC) came out with quarterly earnings of $0.70 per share, beating the Zacks Consensus Estimate of $0.56 per share. This compares to earnings of $0.70 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 25%. A quarter ago, it was expected that this maker of human-resources and payroll software would post earnings of $0.60 per share when it actually produced earnings of $0.62, delivering a surprise of 3.33%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Paycom, which belongs to the Zacks Internet – Software industry, posted revenues of $196.53 million for the quarter ended September 2020, surpassing the Zacks Consensus Estimate by 2.35%. This compares to year-ago revenues of $175.01 million. The company has topped consensus revenue estimates three times over the last four quarters.
Shares of Qualcomm (QCOM) – Get Report were rising sharply after hours Wednesday after the company reported 2020 fiscal fourth-quarter results that significantly topped analyst estimates.
The San Diego-based semiconductor maker reported earnings of $1.45 per share on revenue of $6.5 billion for the quarter ending Sept. 27. Analysts were expecting the company to report earnings of $1.17 per share on revenue of $5.94 billion.
“Our fiscal fourth quarter results demonstrate that our investments in 5G are coming to fruition and showing benefits in our licensing and product businesses,” said CEO Steve Mollenkopf in a statement.
Revenue rose 35% year-over-year while earnings jumped 86% from a year ago.
Qualcomm shares were rising 9.7% to $141.50 in after-hours trading on Wednesday.
The company said it expects fiscal first-quarter revenue to range between $7.8 billion and $8.6 billion with earnings expected to be between $1.95 and $2.15 per share. Analysts