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

International Business Machines / Equity Bottom-Up

<ul><li>The latest earnings of IBM revealed solid growth across all businesses for the last quarter of 2023, with a revenue growth of 3% and over $11 billion of free cash flow.</li><li>The achievements and progress noted by IBM's Chairman and Chief Executive Officer, Arvind Krishna, corroborate the company's commitment towards strengthening its diversified business model.</li><li>Key drivers of IBM's success during the year 2023 were enhancements in its software portfolio and the bolstering of its consulting position.</li></ul>

The latest earnings of IBM revealed solid growth across all businesses for the last quarter of 2023, with a revenue growth of 3% and over $11 billion of free cash flow.The achievements and progress noted by IBM's Chairman and Chief Executive Officer, Arvind Krishna, corroborate the company's commitment towards strengthening its diversified business model.Key drivers of IBM's success during the year 2023 were enhancements in its software portfolio and the bolstering of its consulting position.

IBM Corporation: Is The Infrastructure Revenue Decline A Cause For Concern? - Major Drivers

Tracking developments across tech supply chains, Tech Supply Chain Tracker

Tech Supply Chain Tracker

Tracking developments across tech supply chains

Land Mark Optoelectronics / Equity Bottom-Up

<ul><li>Corporations need to adapt to smarter AI as 6G, the next evolution in mobile communication, is coming soon, bringing faster speeds and advanced technology.</li><li>Taiwan's AI startups showcase cutting-edge B2B solutions at 2024 AI Expo, while Microsoft's third-quarter revenue reaches a record high with the help of AI technology.</li><li>Despite record high SiPh shipments, LMOC had a net loss in 1Q24. Taiwan's biggest curved interactive MiniLED display, 'Wishing Tree,' steals the show at Touch Taiwan 2024.</li></ul>

Corporations need to adapt to smarter AI as 6G, the next evolution in mobile communication, is coming soon, bringing faster speeds and advanced technology.Taiwan's AI startups showcase cutting-edge B2B solutions at 2024 AI Expo, while Microsoft's third-quarter revenue reaches a record high with the help of AI technology.Despite record high SiPh shipments, LMOC had a net loss in 1Q24. Taiwan's biggest curved interactive MiniLED display, 'Wishing Tree,' steals the show at Touch Taiwan 2024.

Tech Supply Chain Tracker (26-Apr-2024): Corporations must adapt to smarter AI.

<ul><li>IBM delivered a mixed result in the recent quarter, with revenues below market expectations, but it managed to surpass the analyst consensus regarding earnings.</li><li>The last quarter demonstrated strong execution of their hybrid cloud and AI strategy, with solid growth in their software and consulting segments.</li><li>Additionally, their enterprise AI initiatives, including the Watsonx platform, show promising results with multiple use cases across various industries.</li></ul>

IBM delivered a mixed result in the recent quarter, with revenues below market expectations, but it managed to surpass the analyst consensus regarding earnings.The last quarter demonstrated strong execution of their hybrid cloud and AI strategy, with solid growth in their software and consulting segments.Additionally, their enterprise AI initiatives, including the Watsonx platform, show promising results with multiple use cases across various industries.

International Business Machines (IBM) Corporation: Strengthening IT Automation and Optimizing Technology Investments! - Key Drivers

<ul><li>IBM had a decent start to the year with a mixed result.</li><li>The company’s revenues were below market expectations though it did manage an earnings beat, with free cash flow increasing well.</li><li>Revenue in the data and AI sector increased due to data management, business analytics, asset, and supply chain management growth.</li></ul>

IBM had a decent start to the year with a mixed result.The company’s revenues were below market expectations though it did manage an earnings beat, with free cash flow increasing well.Revenue in the data and AI sector increased due to data management, business analytics, asset, and supply chain management growth.

International Business Machines (IBM): Launch of AI-Powered Security QRadar Suite & Other Drivers

Equity Long-Short, Semiconductors, Fabricated Knowledge

Douglas O'Laughlin

Equity Long-Short, Semiconductors

Fabricated Knowledge

Learn more about the world's most important manufactured product. Meaningful insight, timely analysis, and an occasional investment idea.

Thematic (Sector/Industry)

<ul><li>The year 2023 began with a significant downturn in the semiconductor market.</li><li>Significant capacity additions were brought on after the historic shortages due to COVID-19, and then demand wobbled as interest rates quickly rose.</li><li>Supply outpaced demand, and the market turned into a period of oversupply.</li></ul>

The year 2023 began with a significant downturn in the semiconductor market.Significant capacity additions were brought on after the historic shortages due to COVID-19, and then demand wobbled as interest rates quickly rose.Supply outpaced demand, and the market turned into a period of oversupply.

Semiconductor Outlook 2024: AI's Adolescence

United States

International Business Machines Corporation (IBM) provides computer solutions through the use of advanced information technology. The Company's solutions include technologies, systems, products, services, software, and financing. IBM offers its products through its global sales and distribution organization, as well as through a variety of third party distributors and resellers.

International Business Machines (IBM US)

IBM Corporation: Is The Infrastructure Revenue Decline A Cause For Concern? - Major Drivers

The latest earnings of IBM revealed solid growth across all businesses for the last quarter of 2023, with a revenue growth of 3% and over $11...

Baptista Research

Tech Supply Chain Tracker (26-Apr-2024): Corporations must adapt to smarter AI.

Corporations face the challenge of adapting to smarter AI while preparing for the arrival of 6G technology, promising faster speeds and advanced...

Tech Supply Chain Tracker

International Business Machines (IBM) Corporation: Strengthening IT Automation and Optimizing Technology Investments! - Key Drivers

IBM delivered a mixed result in the recent quarter, with revenues below market expectations, but it managed to surpass the analyst consensus...

Baptista Research

International Business Machines (IBM): Launch of AI-Powered Security QRadar Suite & Other Drivers

IBM had a decent start to the year with a mixed result. The company’s revenues were below market expectations though it did manage an earnings...

Baptista Research

Semiconductor Outlook 2024: AI's Adolescence

Its time to jog your memory. We've gone through the downturn, what does an upturn look like? The year 2023 began with a significant downturn in the...

Fabricated Knowledge