In between Martin Luther King Jr. Day and the inauguration of Joe Biden as the 46th President of the United States, Citrix Systems (CTXS) sought to advance the future of work, entering into an agreement to acquire work management vendor Wrike for $2.25 billion in cash, representing TTM and FY ’21 EV/recurring revenue multiples of 16x and 12x, respectively.
Read MoreOur calendar Q3 ’20 earnings season began with CTG, Inc. (CTG) surpassing Street expectations as the company made further strides in shifting towards a more solutions-centric business.
Read MoreThe calendar Q2 ’20 earnings season is officially underway, and the initial results suggest that business conditions were better than feared at the outset of the COVID-19 pandemic. Brightcove (BCOV) saw the strongest post-print move amongst the group of reporting companies as results significantly outpaced management’s guidance and consensus.
Read MoreIn a week where advising against the ingestion or injection of disinfectants became a necessary PSA, there was some semblance of normalcy given a smattering of M&A and other capital markets activity, as well as the start of another earnings season in the software space.
Read MoreEarnings releases began to flow freely across the software industry this week. Our first covered company for this reporting season, NetScout Systems (NTCT), delivered its second consecutive quarterly beat, while also returning to positive organic growth.
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