Month: April 2021

20 Apr 2021

IBM Corporation Q1 FY21 Earnings

Market Info Reported 4/19/2021 Market Close 4/20/2021 price change at open: 2.97% Ticker: NYSE: IBM Shares Outstanding: 890.0M Market Cap: $124.3B     Income Statement Q1 2021 Net Sales up .91% from Q1 2020 from $17.57B to $17.73B Gross Profit up 3.54% from Q4 2020 from $7.92B to $8.20B Gross Profit Margin up 120 bps...

15 Apr 2021

KKR to Acquire Ensono in $1.7 Billion Deal

Financial Information ($USD) Enterprise Value:    $1.7 Billion Transaction Details Global investment firm KKR & Co, Inc. (NYSE: KKR) is acquiring leading hybrid IT services provider Ensono from private equity firms Charlesbank Capital Partners and M/C Partners. While financials have not been disclosed, the transaction is valued at $1.7 billion inclusive of debt, according to Reuters....

13 Apr 2021

Tata Consultancy Services Ltd. Q4 FY21 Earnings

Market Info Reported 4/12/2021 Market Close 4/13/2021 price change at open: (1.00%) Ticker: NSE: TCS Shares Outstanding: 3,699M Market Cap: $159.7B     Income Statement Q4 2021 Net Sales up 15.24% from Q4 2020 from $5.20B to $5.99B Gross Profit up 10.23% from Q4 2020 from $2.28B to $2.51B Gross Profit Margin down (190 bps)...

12 Apr 2021

Microsoft Acquires Nuance in $19.7 Billion Deal

Financial Information ($USD) Enterprise Value: $19.7 Billion EV/LTM Revenue: 13.97x EV/LTM EBITDA: 89.55x   Transaction Details Microsoft (Nasdaq: MSFT) today announced that it will acquire Nuance Communications, Inc. (Nasdaq: NUAN) in an all-cash transaction valued at $19.7 billion. Nuance, a speech recognition and artificial intelligence company, will be acquired for $56.00 per share, approximately 23%...

05 Apr 2021

Global, United States and Cross-border M&A Break Q1 Records

Global, United States and cross-border M&A hit all-time highs in the first quarter of 2021, with private equity accounting for 19 percent of global deal-making. According to Axios, each category bested all-time Q1 marks as global M&A topped $1.3 trillion.   martinwolf President Tim Mueller has witnessed similar growth trends.   “The M&A market has...

02 Apr 2021

Marty Wolf Interviewed on SYNNEX/Tech Data Merger Implications

martinwolf Managing Partner Marty Wolf was interviewed in SearchITChannel regarding the implications of SYNNEX’s (NYSE: SNX) $7.2 billion merger with Tech Data. Wolf explained that private equity will continue to play a major role in the IT distribution space with this merger coming on the heels of Platinum Equity’s acquisition of Ingram Micro.   “The...