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 Capital Markets

Trimble Navigation / Equity Capital Markets

<ul><li>Trimble Inc had a disappointing result and failed to meet Wall Street expectations in terms of revenues as well as earnings.</li><li>The challenges in terms of the supply chain remained the same in the business environment, which has also affected the operations of the company.</li><li>Trimble delivered over 20% organic growth in ARR in addition to high levels of ACV software bookings and cross-sell bookings.</li></ul>

Trimble Inc had a disappointing result and failed to meet Wall Street expectations in terms of revenues as well as earnings.The challenges in terms of the supply chain remained the same in the business environment, which has also affected the operations of the company.Trimble delivered over 20% organic growth in ARR in addition to high levels of ACV software bookings and cross-sell bookings.

<ul><li>Trimble showed a decent organic revenue growth in the last quarter but failed to meet Wall Street expectations on the revenue front.</li><li>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.</li><li>Recurring and software revenue continued to grow at quite a strong rate which is reflected by the sequential acceleration of its organic ARR growth.</li></ul>

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.

Trimble Inc: Acquisition of B2W Software & Other Drivers

Credit

<ul><li>Trimble Inc is a well-known player in the agri-tech space.</li><li>The company has gone through its fair share of corporate restructuring with a series of acquisitions and divestments.</li><li>On execution, Trimble continues to simplify its portfolio through actions like decreasing the number of product offerings and part numbers.</li></ul>

Trimble Inc is a well-known player in the agri-tech space.The company has gone through its fair share of corporate restructuring with a series of acquisitions and divestments.On execution, Trimble continues to simplify its portfolio through actions like decreasing the number of product offerings and part numbers.

Trimble Inc: Detailed Credit Analysis & Financial Strength Evaluation Report

<ul><li>This is our first report on agri-tech player, Trimble Inc.</li><li>The company has delivered a robust set of results this quarter with growth in total revenue and gross margin, with excellent progress seen on the Trimble Construction One offering.</li><li>From the perspective of capital allocation, Trimble has divested 5 businesses where the revenue was more than 90%.</li></ul>

This is our first report on agri-tech player, Trimble Inc.The company has delivered a robust set of results this quarter with growth in total revenue and gross margin, with excellent progress seen on the Trimble Construction One offering.From the perspective of capital allocation, Trimble has divested 5 businesses where the revenue was more than 90%.

Trimble Inc: Initiation of Coverage – The Bilberry Acquisition & Other Drivers

TMT & Consumer Independent Equity Research Analyst, Obex Capital Research

Aaron Gabin

TMT & Consumer Independent Equity Research Analyst

TMT & Consumer Independent Equity Research

Obex Capital Research

“Obex” is Latin for Barriers to Entry. Obex Capital Management’s investment philosophy is driven by an intense focus on which business model’s Barriers to Entry are able to withstand the ever increasing competitive disruption in the TMT and Consumer Sectors.

Equity Bottom-Up

<ul>
<li>IOT data platform meant to digitize physical operations for manufacturing, transportation, construction, utilities, healthcare, and education. </li>
<li>Excellent management team, previously co-founded Meraki, which was sold to Cisco.</li>
<li>Hypergrowth software business on par with ServiceNow and Workday at this stage in growth, but much less profitable (so far) due to hardware and bandwidth costs.</li>
</ul>


IOT data platform meant to digitize physical operations for manufacturing, transportation, construction, utilities, healthcare, and education. 
Excellent management team, previously co-founded Meraki, which was sold to Cisco.
Hypergrowth software business on par with ServiceNow and Workday at this stage in growth, but much less profitable (so far) due to hardware and bandwidth costs.


United States

Trimble Navigation Ltd is a leading provider of advanced location-based solutions that maximize productivity and enhance profitability. The Company integrates its positioning expertise in GPS, laser, optical and inertial technologies with application software, wireless communications, and services to provide complete commercial solutions.

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Trimble Navigation (TRMB US)

Trimble Inc.: Major Drivers

Trimble Inc had a disappointing result and failed to meet Wall Street expectations in terms of revenues as well as earnings. The challenges in...

Baptista Research

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...

Baptista Research

Trimble Inc: Detailed Credit Analysis & Financial Strength Evaluation Report

Trimble Inc is a well-known player in the agri-tech space. The company has gone through its fair share of corporate restructuring with a series of...

Baptista Research

Trimble Inc: Initiation of Coverage – The Bilberry Acquisition & Other Drivers

This is our first report on agri-tech player, Trimble Inc. The company has delivered a robust set of results this quarter with growth in total...

Baptista Research

Recent IPO Insights: Samsara

Hypergrowth IOT data platform meant to digitize physical operations for manufacturing, transportation, construction, etc. Key dynamic is high FCF...

Aaron Gabin

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