Several companies published results or gave business updates last week, including ADP, Alteryx, ServiceNow, Syniti and Software AG. Icertis gave an update about the adoption of AI usage across its CLM platform. DocuSign introduced a new identity verification service in Europe.
Precisely revealed how it is helping Vontobel bring data integrity and quality to its ESG Metrics. Avalara announced new eInvoicing certifications.
There were also several appointments, with Totalmobile appointing a new Chief Operating Officer.
Acquisitions
Accenture has agreed to acquire Einr AS, a Norwegian business consulting company specialising in high-volume logistics solutions using SAP technologies to optimize the flow of products from manufacturers to consumers.
Globant has acquired ExperienceIT, a U.S.-based digital transformation consultancy with a diverse array of services and deep expertise in healthcare, to expand its services in North America
Sunrise Software has joined Volaris Group, an operating group of Constellation Software. Volaris is a Canadian company providing market-leading software and services to various industries worldwide.
Appointments
Act! has appointed Patrick Curley as Chief Product Officer.
Celonis announced the appointment of Vincent Leber as Vice President and Country Leader in Switzerland.
Ciphr appointed two new board members – SaaS sales leader Gerald Byrne and former ATG CTO Badr Khan
o9 welcomed the addition of Darrell Edwards, former Senior Vice President and Chief Operating Officer at La-Z-Boy Incorporated and Tom Linton, a Senior Advisor at McKinsey & Company to the aim10x Executive Council
ServiceNow made several appointments in EMEA. EMEA president Ulrik Nehammer is promoted to chairman, international. The current vice president of EMEA South, Cathy Mauzaize, has been promoted to president of EMEA. Fabio Spoletini has joined ServiceNow as vice president of EMEA South. ServiceNow also announced the appointment of Netflix Vice President of Engineering Deborah Black to its board of directors.
Sisense promoted Ariel Katz to Chief Executive Officer (CEO) and Kristina Agassi to Chief Operating Officer (COO), leading internal operations, finance and legal. Former CEO and Chairman Amir Orad will serve as Executive Chairman of the Board and continue working with the company on key strategic initiatives.
Business
Accenture and Google Cloud announced expanding their global partnership to help businesses better protect critical assets and strengthen security against persistent cyber threats.
Accenture and Palo Alto Networks are collaborating to deliver joint secure access service edge (SASE) solutions powered by Palo Alto Networks® AI-powered Prisma® SASE, enabling organizations to improve their cyber resilience and accelerate business transformation efforts.
Boomi announced it is expanding its global presence and opening an office in Canada. Boomi will establish a Center of Excellence in Vancouver, British Columbia, to support strategic business functions, including sales and business development.
HR software provider Ciphr has revamped and relaunched its digital learning platform, Ciphr Academy. Its new and enhanced customer training portal and offering aims to help more of its HR software users become ‘HR system experts’.
Cryptomathic has partnered with fidentity, an expert in online identity verification, to enable automated identity verification for qualified remote e-signing – the highest level of assurance under EU and Swiss law.
Dynatrace announced its Application Security Module had achieved FedRAMP® and StateRAMP authorizations at the Moderate Impact Level.
Breakaway Technologies, Inc., a leading provider of business and technology solutions for the office of the CFO, announced a new strategic partnership with Fluence Technologies, a cutting-edge leader in financial consolidation, close, and reporting software. This partnership will bring together the expertise and technology of two industry leaders to help our clients streamline their financial systems and increase visibility into their businesses.
Infosys announced a new collaboration with Walmart Commerce Technologies to help retailers leverage technology solutions that simplify customer and store employee experiences.
Kofax announced the official relaunch of the Kofax Marketplace, a digital hub of apps, connectors, tools, and templates for advanced integration of leading business and automation software.
Outreach announced a partnership with Corporate Visions Inc. (CVI), the leading provider of science-backed revenue growth services for sales, marketing, and customer success. As part of the agreement, the companies will work together to help companies transform enterprise organizations’ sales for the modern era.
TalentQuest (TQ) and Kotler Impact (KI) announced a joint venture to revolutionize e-learning. The new entity will operate under the name “Aristo”. It will combine KI’s unparalleled collection of video talks & presentations featuring world-renowned thought leaders, speakers, and authors with TQ’s industry-leading learning content creation capabilities.
Customer
Denodo Korea announced that it had provided Kakao Bank with the Denodo Platform, a logical data integration and management solution, to support data analysis and utilization.
The University of Roehampton London has selected Ellucian’s cloud-based Banner platform to modernize its technology operations, accelerate student success and improve sustainability practices.
Infosys signed a Memorandum of Understanding (MoU) with Aramco, one of the world’s leading integrated energy and chemicals companies, to collaborate on accelerating their human resource (HR) technology.
American International College has selected Jenzabar One, Jenzabar’s unified cloud platform for higher education.
Mainsaver published a brief customer story about SOWEGA Baconton Power, which has used Mainsaver Software for 20 years.
TBInternational GmbH has selected o9’s Demand Planning and Supply Chain Master Planning solutions to accelerate the digital transformation of its planning capabilities.
Mubadala Health announced a strategic collaboration with Oracle. As part of a new agreement, the network will utilize Oracle Cloud Infrastructure (OCI) via the Oracle Cloud Dubai Region to run its Oracle Cerner electronic health records (EHR) system.
RoboMQ announced two new customers leveraging Hire2Retire, Dyne Therapeutics and Platinum Equity.
Paramount Global and Salesforce announced the launch of Paramount’s new diversity reporting platform, which will give the company a more holistic view of the makeup of its production workforce, including Paramount+ with SHOWTIME, BET, CBS, MTV, Nickelodeon, and others.
Coast Mental Health, a nonprofit provider of support and services to people living with mental illness, is leveraging the power of the UKG human capital management (HCM) suite to address the complexities of its unionized workforce, inspire employee productivity, and boost the quality of the organization’s services.
Financial Reports
ADP
ADP announced its third quarter fiscal 2023 financial results and a revised fiscal 2023 outlook.
- Revenues increased 9% compared to last year’s third quarter to $4.9 billion; 10% organic constant currency
- Net earnings increased 12% to $1.0 billion, and adjusted net earnings increased 13% to $1.0 billion
- Adjusted EBIT increased 14% to $1.4 billion, and adjusted EBIT margin increased 110 basis points to 27.8%
- Diluted earnings per share (“EPS”) increased 14% to $2.51; adjusted diluted EPS increased 14% to $2.52
- Raising full-year guidance for adjusted diluted EPS growth
Maria Black, President and Chief Executive Officer of ADP, said, “Our impressive third-quarter results are a testament to the overall strength and consistency of our business and the dedication of our associates. Despite the ongoing macroeconomic uncertainty, we again delivered strong revenue growth, margin expansion, and EPS growth. Our innovative HCM solutions continue to meet and exceed the expectations of our clients and prospects, and we are proud to provide the trusted expertise they need to navigate the changing environment.”
Alteryx
Alteryx published its Q1 2023 results.
- Revenue: Revenue for the first quarter of 2023 was $199.1 million, up 26% year over year
- Gross Profit: GAAP gross profit for the first quarter of 2023 was $168.6 million, or a GAAP gross margin of 85
- Loss from Operations: GAAP loss from operations for the first quarter of 2023 was $(88.2) million, compared to GAAP loss from operations of $(99.7) million for the first quarter of 2022.
- Net Loss: GAAP net loss attributable to common stockholders for the first quarter of 2023 was $(89.0) million, compared to GAAP net loss attributable to common stockholders of $(105.6) million for the first quarter of 2022.
Mark Anderson, CEO of Alteryx, Inc, commented, “Alteryx delivered a solid first quarter with annualized recurring revenue (ARR) growth of 25% year-over-year, driven by robust growth with our larger enterprise customers. Our key strategic go-to-market initiatives and our rapid platform innovation are effectively enabling the business to demonstrate strong resilience in an increasingly dynamic macro backdrop.”
ServiceNow
ServiceNow reports its Q1 2023 financial results. It exceeded guidance in the quarter and raised subscription revenue guidance. Key figures included:
- Subscription revenues of $2,024 million in Q1 2023, representing 24% year‑over‑year growth, 27% adjusted for constant currency
- Total revenues of $2,096 million in Q1 2023, representing 22% year‑over‑year growth, 24.5% adjusted for constant currency
- Current remaining performance obligations (“cRPO”) of $7.01 billion as of Q1 2023, representing 23% year‑over‑year growth, 25% adjusted for constant currency
- 66 transactions over $1 million in net new ACV in Q1 2023, up 27% year over year
ServiceNow Chairman and CEO Bill McDermott commented, “Once again, ServiceNow delivered a powerful combination of growth and profitability. C‑level decision makers are actively making enterprise platform investments that deliver significant business impact. Whether it’s cost‑takeout or innovation to drive growth, ServiceNow is the intelligent platform for end‑to‑end digital transformation.”
Software AG
Software AG announced financial results for the first quarter of 2023.
- Total revenue rose 2% to €210.6 million in total revenue in the first quarter (Q1 2022: €206.0 million
- Group product revenue growth rose 2% to €169.8 million (Q1 2022: €166.9) million
Sanjay Brahmawar, Software AG CEO, commented: “Software AG has accelerated Digital Business annual recurring revenue growth in the first quarter, putting us on track to fulfil our full-year guidance. Despite ongoing macro-economic headwinds, we continue to see our mission-critical software resonate in the market, as we are helping our customers to manage their digital transformation.
“We remain laser-focused on integration with successful customer wins through our combination with StreamSets’ competitive platform solutions. We welcome the deepened partnership with Silver Lake and are confident to deliver our goals as we enter the next phase of our strategic road map.”
Product
Auditboard published a roundup of feature releases over the last quarter. It includes increased efficiency, greater precision and enhanced collaboration.
The Cezanne HR April release included the ability to use Employee Groups with public and private Workspaces and view a password-protected PDF file from within the Cezanne HR system.
Clearbit launched the beta version of its ChatGPT Plugin.
Cornerstone OnDemand, Inc. revealed key customer successes and testaments from the recently launched Cornerstone Content Studio – an AI-powered, highly intuitive content curation, discovery and insights tool.
Deloitte unveiled Quartz AI™, a suite of two new cross-industry AI service offerings to help clients unlock the transformative value of AI to solve key business challenges such as enhancing customer experiences, optimizing operations and launching innovative businesses in new markets.
Foxit announced the availability of ChatGPT integration into the AI Assistance module in PDF Editor Pro +. The integration uses AI-Generated Content (AIGC) to make end users more productive. Also available in PDF Editor Pro + is Smart Redact, an intelligent AI-Based document redaction to protect confidential information.
Infosys announced its collaboration with ServiceNow, a leading digital workflow company, to launch the Infosys Live Operations platform to enhance telecom providers’ customer experiences (CX).
Jotform announced introducing Group Approvals, a new feature for Jotform Approvals. Jotform also announced that its Stripe payment integration is now compatible with Link, an accelerated checkout experience built by Stripe.
Kaseya unveiled the evolution of the industry’s only purpose-built platform for the multi-functional IT professional – IT Complete 2.0 at Kaseya Connect Global.
Pipeliner announced the latest release of Pipeliner CRM, which includes new approval processes.
SalesAgility released SuiteCRM 7.13.3 & 7.12.11, a security and maintenance release with numerous fixes
Salesforce announced that Slack Canvas is beginning its rollout to all Slack users.
Salesforce announced new Salesforce Field Service innovations, powered by Data Cloud and Einstein GPT, that will lower service costs and generate insights across healthcare, public sector, and manufacturing industries.
