The 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 MoreCTG, Inc. (CTG) reported Q2 ’20 results well above our estimates. Despite headwinds from the COVID-19 pandemic, the IT Solutions segment outperformed our expectations by a wide margin as CTG supported clients in their work-from-home initiatives, delivered positive growth in Europe and benefited from a surge in business from an oil and gas customer.
Read MoreDespite fears that those serving small and medium-sized businesses (SMB) may face greater risk amidst the COVID-19 pandemic, vendors enabling SMBs to pivot online continue to thrive.
Read MoreCTG, Inc. (CTG) reports Q2 ’20 results on Tuesday, July 21. While we expect growth to be challenged amidst the ongoing COVID-19 crisis, we believe our estimates for the quarter, which also represent the consensus, adequately reflect the headwinds experienced.
Read MoreWith the COVID-19 pandemic prompting organizations to rethink processes for operating virtually, DocuSign (DOCU) sought to accelerate the launch of its next Agreement Cloud product, DocuSign Notary, by acquiring Liveoak Technologies for $38 million in stock.
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