NetScout Systems (NTCT) reported Q2 ’20 results above expectations. The closure of a large deal that slipped from the prior quarter and funding of previously awarded government projects not only boosted the company’s performance in Q2, but also prompted a favorable outlook for Q3 as a portion of the orders are expected to ship this quarter.
Read MoreIn a recent request by the United States Postal Service (USPS) to add Priority Mail Express, Priority Mail & First Class Package Service Contract 67 to the competitive product list, we came across a provision within the negotiated service agreement (NSA) that we have not seen in any contracts previously reviewed.
Read MoreFollowing months of speculation over Stamps.com’s (STMP) prospects for securing a new strategic partnership to mitigate the loss of incentive fees from the United States Postal Service (USPS), we were excited to see the company highlighted as a preferred partner under UPS’ Digital Access Program. We refer readers to our initial take on the news, “UPS Signs Agreement to Offer Discounted Shipping Rates to Stamps.com’s Customer Base,” for a more detailed discussion of the implications.
Read MoreAfter the close yesterday, UPS unveiled the UPS Digital Access Program, a series of strategic alliances and agreements designed to make its services more broadly available to e-commerce merchants. The press release specifically notes that UPS has signed an agreement with Stamps.com (STMP) to offer discounted shipping rates to customers of ShipStation, ShippingEasy, ShipWorks, Stamps.com and Endicia.
Read MoreIn a prelude to next week’s onslaught of software earnings, Atlassian (TEAM) posted fiscal Q1 ’20 results ahead of expectations. The provider of collaboration software solutions added over 7,000 net new customers in the quarter, increasing the total count by 21% Y/Y to nearly 160,000 customers and fueling revenue growth of 36% Y/Y.
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