In today’s briefing:
- Unisound: A Chinese Unicorn Focused on AI Powered Voice and Speech Processing Technologies
- Broadcom’s Strong Quarterly Results In The Light Of Its Acquisition-Led Strategy
- S&P/ASX Index Rebalance (Mar 2023): Big Impact Changes as Adds Outperform Deletes
- Okta Inc.: Major Drivers
- Snowflake Inc.: Acquisition Of LeapYear Technologies & Other Drivers
- Splunk Inc.: Major Drivers
Unisound: A Chinese Unicorn Focused on AI Powered Voice and Speech Processing Technologies
- Founded in 2012, Beijing Yunzhisheng Information Technology Co. (also known as Unisound) is a Chinese company focused on AI powered voice and speech processing technologies.
- Unisound provides voice recognition, language processing and big data solutions to home appliances, automobile, healthcare and education companies.
- Since the inception of the company, it has raised US$361 million in funding.
Broadcom’s Strong Quarterly Results In The Light Of Its Acquisition-Led Strategy
- Broadcom remains as one of the best-positioned semiconductors stocks, but lower topline growth is to be expected going forward.
- Broadcom has so far done a great job at expanding its product and service offerings through M&A deals.
- Broadcom Inc. (NASDAQ:AVGO) has just reported yet another strong fiscal Q1 2023 quarter, marked by high top and bottom line growth.
S&P/ASX Index Rebalance (Mar 2023): Big Impact Changes as Adds Outperform Deletes
- There is one change for the ASX20, two for the ASX100, four for the S&P/ASX 200 INDEX and 12 adds/ 9 deletes for the ASX300 Index at the March rebalance.
- There will be between 7-20 days of ADV to trade on the ASX100 and ASX200 adds while the impact on the deletions is between 1-11 days of ADV.
- The adds have outperformed the deletes on all indices over the last few months. Short interest has jumped on a lot of the large deletes.
Okta Inc.: Major Drivers
- Okta delivered a strong fourth-quarter performance which was highlighted by an all-around beat as well as a significant improvement in profitability and cash flow.
- The end of the 2023 fiscal was strong, with sustained improvement in its go-to-market business performance.
- In this report, we have carried out a fundamental analysis of the historical financial statements of the company.
Snowflake Inc.: Acquisition Of LeapYear Technologies & Other Drivers
- Snowflake had a good quarter, with product revenue increasing by 54% in the fourth quarter and by 70% for the entire fiscal year, reaching $1.9 billion.
- This was significantly less noticeable at the top end of their customer base and more noticeable among foreign, SMB, and commercial clients.
- In addition, they intend to acquire LeapYear Technologies to improve their data clean room capabilities and cloud-based data warehousing business.
Splunk Inc.: Major Drivers
- Splunk completed the year on a positive note and delivered an all-around beat while exceeding its forecasted targets for revenue, total ARR, cloud ARR, operating margin, and free cash flow.
- In Q4, they increased overall ARR by 18% year on year to $3.674 billion.
- In Q4, Splunk secured major deals against a large enterprise competitor by demonstrating that adequate security, cloud migration, and pricing are insufficient.
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