Sectors: Technology
MP1 is a leading global provider of customable network services for corporate clients through data centres, providing the ability to run a global network without a physical presence – the undoubted future. Early this month the board released its 1H result which importantly showed a 37% lift in monthly reoccurring revenue to over $6m.
At MM we have been bearish Altium (ALU) for a while but following its recent over 30% decline the stocks reached our initial downside target area, that doesn’t mean we are now bullish and are considering going long ALU, but we are no longer bearish. Potentially the stock could bounce in tandem with an IT revival.
WTC released its 1H21 result and overall, it was a strong revenue number while they also did well on cost performance. These guys were impacted by COVID however the recovery is now well under way .
Full year result for the AI business missed the mark today – revenue at $600m was a ~4% miss to expectations and while EBITDA was in line for 2020, guidance of $120-130m was around 10% below consensus for FY21.
Alphabet Inc. (GGOGL US), through its subsidiaries, provides web-based search, advertisements, maps, software applications, mobile operating systems, consumer content, enterprise solutions, commerce, and hardware products.
First half results were broadly in line with 1H20, about where the market was expecting – very little growth baked in for the full year in Seek. The result played second fiddle to broader changes at the company with ex-CBA boss Ian Narev set to take the reins on 1 July this year.
First half results from Tyro, revenue fell on 1H20 being blamed on lock downs but EBITDA climbed substantially to $8.5m. Their terminals processed a record $12.1b in transaction for the 6 months, up around 10% on a 13% increase in merchants.
Tesla (TSLA US) designs, manufacturers and sells high-performance electronic vehicles and components.
Pointerra (3DP) operates as a software development company. The Company builds Data as a Service (DaaS) solution for managing, distributing, and visualizing massive point cloud data sets. Pointerra allows users to view their data from cloud-based servers instantly, as well as share their
point cloud data with staff, customers, and partners.
Altium Limited develops electronic design automation (EDA) software for the Microsoft Windows operating system. Altium’s products facilitate and aid in the design of electronic products such as printed circuit boards.
