
Akash Pasricha
Reporter at The Information
reporter @theinformation / reach me: akash at theinformation dot com / made in @toronto 🍁
Articles
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4 days ago |
theinformation.com | Akash Pasricha
This year has seen trickles of tech initial public offering activity, but there’s still a sizable list of IPO hopefuls whose public market ambitions have stalled. Bankers say that dynamic is encouraging more private companies to try to find a buyer instead. To that end, we updated our Tech IPO Tracker to highlight the likeliest takeover targets among the private companies we’ve been keeping tabs on.
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2 weeks ago |
theinformation.com | Akash Pasricha
Source: The InformationReaders of The Information said they are overwhelmingly optimistic about the operating environment for technology companies for the coming six months, according to our April survey. In all, 54% of readers said they expect conditions to improve, while 15% said they expect conditions will worsen and 31% said things will stay the same. It’s the highest our sentiment score has read since February.
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3 weeks ago |
theinformation.com | Akash Pasricha
Late on a Friday night in March, Bill McDermott, ServiceNow’s CEO and chairman, walked off a flight in San Jose, Calif., and then immediately asked his chief of staff to get his top sales and engineering execs on the phone. He had a task for them. McDermott had just spent a week in New York meeting with customers, including the heads of banks and a sports league.
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1 month ago |
theinformation.com | Akash Pasricha
Source: The InformationSentiment around how conditions for technology companies will fare over the next six months is the most pessimistic it has been since February 2023, according to an April survey of The Information’s readers. Roughly 65% of respondents said they feel pessimistic while 20% said they feel optimistic about tech firms’ prospects—the most negative reading since The Information’s monthly surveys began two years ago.
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1 month ago |
theinformation.com | Akash Pasricha
Source: The InformationServiceNow’s revenue rose 18.5% in the first quarter to $3.09 billion, the company said Wednesday, the second consecutive quarter topline growth has decelerated slightly. But the biggest part of ServiceNow’s business, software subscriptions, exceeded previous projections and the IT automation company slightly raised its subscription revenue forecast for the year.
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