In today’s briefing:
- Lucror Analytics – Morning Views Asia
- BigCommerce’s Targeted B2B Expansion Plan & 5 Factors That Are Changing The Game!
- Carta Holdings (3688 JP) – A Year Focused on Strengthening Organizational Capabilities
- Commvault Systems Powers Toward $1 Billion ARR With Bold Moves in Cybersecurity & Subscription Expansion!
- SolarEdge Technologies: Will Its European Market Strategy & Competitive Positioning Help Alter The Playing Field?
Lucror Analytics – Morning Views Asia
- In the US, the ISM services index declined to 50.8 (52.9 e / 53.5 p) in March 2025, the lowest level since June 2024, albeit remaining in expansion territory for the ninth consecutive month.
- Meanwhile, the March 2025 final S&P services PMI climbed to 54.4 (54.2 e / 51.0 p), but was stable compared to the preliminary reading of 54.3.
- The composite PMI rose to 53.5 (53.5 e / 51.6 p). Separately, the trade deficit narrowed to USD 122.7 bn (USD 123.5 bn e / USD 130.7 bn revised p) in February.
BigCommerce’s Targeted B2B Expansion Plan & 5 Factors That Are Changing The Game!
- BigCommerce’s fourth quarter and fiscal year 2024 earnings announcement revealed a mixed financial performance as the company navigates its transformational strategy towards more efficient and profitable operations.
- The company’s non-GAAP operating income showed a remarkable improvement, surpassing $19 million, which is nearly double the original forecast, while operating cash flow reached $26 million, marking a $50 million increase from 2023.
- These outcomes underscore BigCommerce’s effective cost management, attributed to decreased ineffective sales and marketing expenditure and a 10% headcount reduction.
Carta Holdings (3688 JP) – A Year Focused on Strengthening Organizational Capabilities
- In FY2024/12, CARTA HOLDINGS reported operating profit of JPY 2,139 mn (+64.4% YoY).
- Given the achievement of securing an operating profit of JPY 4,973 mn in FY2021/12, the absolute level remains insufficient.
- However, amid a challenging business environment where the transaction volume of high-margin reservation-based ads declined YoY for 11 consecutive quarters up to the April-June 2024 period, the Company achieved a V-shaped recovery as a result of structural reforms, including the withdrawal from unprofitable businesses and the implementation of a voluntary retirement program.
Commvault Systems Powers Toward $1 Billion ARR With Bold Moves in Cybersecurity & Subscription Expansion!
- Commvault Systems, Inc.’s third-quarter fiscal year 2025 results demonstrate a strong performance with some notable achievements and areas for consideration in the company’s path forward.
- The company reported total revenue of $263 million, marking a 21% year-over-year growth.
- Notably, subscription revenue grew by 39% to $158 million, highlighting increased momentum in SaaS services.
SolarEdge Technologies: Will Its European Market Strategy & Competitive Positioning Help Alter The Playing Field?
- SolarEdge Technologies Inc. presented its operational and financial results for the fourth quarter and full year ended December 31, 2024, while setting priorities for 2025.
- The company has faced challenges, particularly in European markets, but has a clear strategic plan focusing on innovation, market share regaining, and operational efficiency.
- The company reported disappointing financial results for the quarter, which reflected significant impairments and write-downs.
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