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Killexams : SalesForce Applications study tips - BingNews https://killexams.com/pass4sure/exam-detail/DEV-401 Search results Killexams : SalesForce Applications study tips - BingNews https://killexams.com/pass4sure/exam-detail/DEV-401 https://killexams.com/exam_list/SalesForce Killexams : Salesforce Services Market Position And Company Are Improving And Sharing Worldwide With Great Growth Opportunities

The MarketWatch News Department was not involved in the creation of this content.

Feb 17, 2023 (The Expresswire) -- Salesforce Services Market | Outlook 2023-2029 | Pre and Post-COVID Research is Covered, Report Information | existing 128 Pages ReportSalesforce Services Market segmentation and trends, Key players and market share, Salesforce Services Market drivers and challenges, Salesforce Services Market opportunities and threats, Future outlook and projections, a research report focusing on this market would typically provide analysis and insights on various aspects of the market This evaluation offers a thorough examination of the worldwide and regional segments of the ""Salesforce Services Market. Tables contain information on deal volume, revenue, growth rates, and market share for the past and next periods. The research offers a thorough evaluation of the key participants in the international industry.

The major players covered in the Salesforce Services market report are:

● Accenture PLC ● IBM Corporation ● Deloitte Touche Tohmatsu Limited ● Capgemini ● Cognizant ● DXC Technology ● NTT DATA Corporation ● Wipro ● Infosys Limited ● Tech Mahindra Limited ● Tata Consultancy Services ● Fujitsu Limited ● HCL Technologies Limited ● Persistent Systems ● PwC ● Strategic Growth ● SLALOM LLC ● Simplus ● VirtusaPolaris ● Strategic Growth

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Short summary Of Salesforce Services Market-2023 to 2029:

Market Analysis and Insights: Global Salesforce Services Market
The global Salesforce Services market size is projected to reach USD 12330 million by 2028, from USD 7010 million in 2021, at a CAGR of 7.9% during 2022-2028.
Fully considering the economic change by this health crisis, Planning accounting for of the Salesforce Services global market in 2021, is projected to value USD million by 2028, growing at a revised CAGR in the post-COVID-19 period. While Financial Services segment is altered to an CAGR throughout this forecast period.
China Salesforce Services market size is valued at USD million in 2021, while the North America and Europe Salesforce Services are USD million and USD million, severally. The proportion of the North America is in 2021, while China and Europe are and respectively, and it is predicted that China proportion will reach in 2028, trailing a CAGR of through the analysis period. Japan, South Korea, and Southeast Asia are noteworthy markets in Asia, with CAGR and respectively for the next 6-year period. As for the Europe Salesforce Services landscape, Germany is projected to reach USD million by 2028 trailing a CAGR of over the forecast period.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Salesforce Services market to help players in achieving a strong market position. Buyers of the report can access Checked and reliable market forecasts, including those for the overall size of the global Salesforce Services market in terms of revenue.
Overall, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Salesforce Services market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Salesforce Services market.
Global Salesforce Services Scope and Market Size
Salesforce Services market is segmented by players, region (country), by Type and by Application. Players, stakeholders, and other participants in the global Salesforce Services market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application for the period 2017-2028.

It additionally affords the proper insights and evaluation which are crucial to lay out powerful commercial enterprise techniques and set the proper direction for an improved boom for all enterprise gamers involved. With this information, the ones in rate might be capable of creating new techniques, which consciousness available in the marketplace possibilities in order to advantage them, making their commercial enterprise efforts profitable withinside the process.

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Salesforce Services Market - Competitive and Segmentation Analysis:

This Salesforce Services Market report offers a detailed analysis supported by reliable statistics on sales and revenue by players for the period 2017-2023. The report also includes a company description, major business, Salesforce Services product introduction, recent developments, and Salesforce Services sales by region, type, application, and sales channel.

Based on product type: this report displays the production, revenue, price, market share, and growth rate of each type, primarily split into:

● Planning ● Implementation ● Manage

On the basis of the end users/applications: this report focuses on the status and outlook for major applications/end users, consumption (sales), market share, and growth rate for each application, including:

● Financial Services ● Retail ● Medicine ● Other

Salesforce Services Market - Regional Analysis:

Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Salesforce Services in these regions, from 2015 to 2027, covering

● North America (United States, Canada and Mexico) ● Europe (Germany, UK, France, Italy, Russia and Turkey etc.) ● Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia, and Vietnam) ● South America (Brazil, Argentina, Columbia etc.) ● Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

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Some of the key questions answered in this report:

● What is the global (North America, Europe, Asia-Pacific, South America, Middle East, and Africa) sales value, production value, consumption value, import and export of Salesforce Services? ● Who are the global key manufacturers of the Salesforce Services Industry? How is their operating situation (capacity, production, sales, price, cost, gross, and revenue)? ● What are the Salesforce Services market opportunities and threats faced by the vendors in the global Salesforce Services Industry? ● Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application? ● What focused approach and constraints are holding the Salesforce Services market? ● What are the different sales, marketing, and distribution channels in the global industry? ● What are the upstream raw materials and manufacturing equipment of Salesforce Services along with the manufacturing process of Salesforce Services? ● What are the key market trends impacting the growth of the Salesforce Services market? ● Economic impact on the Salesforce Services industry and development trend of the Salesforce Services industry. ● What are the market opportunities, market risks, and market overview of the Salesforce Services market? ● What are the key drivers, restraints, opportunities, and challenges of the Salesforce Services market, and how they are expected to impact the market? ● What is the Salesforce Services market size at the regional and country level?

Salesforce Services Market - Covid-19 Impact and Recovery Analysis:

We were monitoring the direct impact of covid-19 in this market, further to the indirect impact from different industries. This document analyzes the effect of the pandemic on the zzzz market from an international and nearby angle. The document outlines the marketplace size, marketplace traits, and market increase for zzzz industry, categorized with the aid of using kind, utility, and patron sectors. Further, it provides a complete evaluation of additives concerned in marketplace improvement in advance of and after the covid-19 pandemic. The report moreover done a pastel evaluation within the business enterprise to study key influencers and boundaries to entry.

Our studies analysts will assist you to get custom-designed info to your report, which may be changed in phrases of a particular region, utility or any statistical info. In addition, we're constantly inclined to conform with the study, which is triangulated together along with your very own statistics to make the marketplace studies extra complete for your perspective.

The final Report will add an analysis of the impact of COVID-19 on this industry.

TO KNOW HOW COVID-19 PANDEMIC AND RUSSIA UKRAINE WAR WILL IMPACT THIS MARKET - REQUEST A SAMPLE

Salesforce Services Market Overview

1.1 Product Overview and Scope of Salesforce Services

2 Global Salesforce Services Market Landscape by Player

2.1 Global Salesforce Services Sales and Share by Player (2017-2022)

2.2 Global Salesforce Services Revenue and Market Share by Player (2017-2022)

2.3 Global Salesforce Services Average Price by Player (2017-2022)

2.4 Global Salesforce Services Gross Margin by Player (2017-2022)

2.5 Salesforce Services Manufacturing Base Distribution, Sales Area and Product Type by Player

2.6 Salesforce Services Market Competitive Situation and Trends

2.6.1 Salesforce Services Market Concentration Rate

2.6.2 Salesforce Services Market Share of Top 3 and Top 6 Players

2.6.3 Mergers and Acquisitions, Expansion

3 Salesforce Services Upstream and Downstream Analysis

3.1 Salesforce Services Industrial Chain Analysis

3.2 Key Raw Materials Suppliers and Price Analysis

3.3 Key Raw Materials Supply and Demand Analysis

3.4 Manufacturing Process Analysis

3.5 Market Concentration Rate of Raw Materials

3.6 Downstream Buyers

3.7 Value Chain Status Under COVID-18

4 Salesforce Services Manufacturing Cost Analysis

4.1 Manufacturing Cost Structure Analysis

4.2 Salesforce Services Key Raw Materials Cost Analysis

4.2.1 Key Raw Materials Introduction

4.2.2 Price Trend of Key Raw Materials

4.3 Labor Cost Analysis

4.3.1 Labor Cost of Salesforce Services Under COVID-19

4.4 Energy Costs Analysis

4.5 RandD Costs Analysis

Get a trial copy of the Salesforce Services Market report 2023

5 Market Dynamics

5.1 Drivers

5.2 Restraints and Challenges

5.3 Opportunities

5.3.1 Advances in Innovation and Technology for Salesforce Services

5.3.2 Increased Demand in Emerging Markets

5.4 Salesforce Services Industry Development Trends under COVID-19 Outbreak

5.4.1 Global COVID-19 Status Overview

5.4.2 Influence of COVID-19 Outbreak on Salesforce Services Industry Development

5.5 Consumer Behavior Analysis

6 Players Profiles

6.1COMPANY
6.1.1COMPANYDetails
6.1.2COMPANYMajorBusiness
6.1.3COMPANYSalesforce ServicesProductandSolutions
6.1.4COMPANYSalesforce ServicesRevenue,GrossMarginandMarketShare(2019,2020,2021,and2023)
6.1.5COMPANYRecentDevelopmentsandFuturePlans

7 Global Salesforce Services Sales and Revenue Region Wise (2017-2022)

7.1 Global Salesforce Services Sales and Market Share, Region Wise (2017-2022)

7.2 Global Salesforce Services Revenue (Revenue) and Market Share, Region Wise (2017-2022)

7.3 Global Salesforce Services Sales, Revenue, Price and Gross Margin (2017-2022)

7.4 United States Salesforce Services Sales, Revenue, Price and Gross Margin (2017-2022)

7.4.1 United States Salesforce Services Market Under COVID-19

7.5 Europe Salesforce Services Sales, Revenue, Price and Gross Margin (2017-2022)

7.5.1 Europe Salesforce Services Market Under COVID-19

7.6 China Salesforce Services Sales, Revenue, Price and Gross Margin (2017-2022)

7.6.1 China Salesforce Services Market Under COVID-19

7.7 Japan Salesforce Services Sales, Revenue, Price and Gross Margin (2017-2022)

7.7.1 Japan Salesforce Services Market Under COVID-19

7.8 India Salesforce Services Sales, Revenue, Price and Gross Margin (2017-2022)

7.8.1 India Salesforce Services Market Under COVID-19

7.9 Southeast Asia Salesforce Services Sales, Revenue, Price and Gross Margin (2017-2022)

7.9.1 Southeast Asia Salesforce Services Market Under COVID-19

7.10 Latin America Salesforce Services Sales, Revenue, Price and Gross Margin (2017-2022)

7.10.1 Latin America Salesforce Services Market Under COVID-19

7.11 Middle East and Africa Salesforce Services Sales, Revenue, Price and Gross Margin (2017-2022)

7.11.1 Middle East and Africa Salesforce Services Market Under COVID-19

8 Global Salesforce Services Sales, Revenue (Revenue), Price Trend by Type

8.1 Global Salesforce Services Sales and Market Share by Type (2017-2022)

8.2 Global Salesforce Services Revenue and Market Share by Type (2017-2022)

8.3 Global Salesforce Services Price by Type (2017-2022)

8.4 Global Salesforce Services Sales Growth Rate by Type (2017-2022)

8.4.1 Global Salesforce Services Sales Growth Rate of Standby (off-line) UPS (2017-2022)

8.4.2 Global Salesforce Services Sales Growth Rate of Line interactive UPS (2017-2022)

8.4.3 Global Salesforce Services Sales Growth Rate of Online UPS (2017-2022)

9 Global Salesforce Services Market Analysis by Application

9.1 Global Salesforce Services Consumption and Market Share by Application (2017-2022)

9.2 Global Salesforce Services Consumption Growth Rate by Application (2017-2022)

9.2.1 Global Salesforce Services Consumption Growth Rate of Private Data Center (2017-2022)

9.2.2 Global Salesforce Services Consumption Growth Rate of Commercial Data Center (2017-2022)

9.2.3 Global Salesforce Services Consumption Growth Rate of Government/Military Data Center (2017-2022)

9.2.4 Global Salesforce Services Consumption Growth Rate of Others (2017-2022)

10 Global Salesforce Services Market Forecast (2022-2029)

10.1 Global Salesforce Services Sales, Revenue Forecast (2022-2029)

10.1.1 Global Salesforce Services Sales and Growth Rate Forecast (2022-2029)

10.1.2 Global Salesforce Services Revenue and Growth Rate Forecast (2022-2029)

10.1.3 Global Salesforce Services Price and Trend Forecast (2022-2029)

10.2 Global Salesforce Services Sales and Revenue Forecast, Region Wise (2022-2029)

10.2.1 United States Salesforce Services Sales and Revenue Forecast (2022-2029)

10.2.2 Europe Salesforce Services Sales and Revenue Forecast (2022-2029)

10.2.3 China Salesforce Services Sales and Revenue Forecast (2022-2029)

10.2.4 Japan Salesforce Services Sales and Revenue Forecast (2022-2029)

10.2.5 India Salesforce Services Sales and Revenue Forecast (2022-2029)

10.2.6 Southeast Asia Salesforce Services Sales and Revenue Forecast (2022-2029)

10.2.7 Latin America Salesforce Services Sales and Revenue Forecast (2022-2029)

10.2.8 Middle East and Africa Salesforce Services Sales and Revenue Forecast (2022-2029)

10.3 Global Salesforce Services Sales, Revenue and Price Forecast by Type (2022-2029)

10.4 Global Salesforce Services Consumption Forecast by Application (2022-2029)

10.5 Salesforce Services Market Forecast Under COVID-19

11 Research Findings and Conclusion

12 Appendix

12.1 Methodology

12.2 Research Data Source

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Press Release Distributed by The Express Wire

To view the original version on The Express Wire visit Salesforce Services Market Position And Company Are Improving And Sharing Worldwide With Great Growth Opportunities

COMTEX_424679200/2598/2023-02-17T00:20:35

Is there a problem with this press release? Contact the source provider Comtex at editorial@comtex.com. You can also contact MarketWatch Customer Service via our Customer Center.

The MarketWatch News Department was not involved in the creation of this content.

Thu, 16 Feb 2023 14:20:00 -0600 en-US text/html https://www.marketwatch.com/press-release/salesforce-services-market-position-and-company-are-improving-and-sharing-worldwide-with-great-growth-opportunities-2023-02-17
Killexams : Salesforce adds gender identity and pronoun data fields to promote inclusivity in tech
Paula Goldman

Salesforce has added new fields for gender identity and pronoun data across its product line, to help customers be more inclusive when it comes to collecting and using personal data.

The firm has launched two new fields across the Lead, Contact and Person Account objects on Salesforce. This opt-in addition lets customers and their users select, identify and capture pronoun options like he/him, she/her, they/them, and gender identity options like male, female, non-binary. Both fields also offer a ‘not listed’ option.

The fields are part of Salesforce’s core objects, which means they are populated through most of its products and available by default. 

Organizations from airlines to hotels, restaurants to government agencies and healthcare companies all need this type of personal data to be able to serve their customers accurately. Standardizing the fields removes the need for admins to create custom versions, so companies can capture more accurate customer data in a more efficient way. 

However, there is no pressure on customers to use the fields, as Salesforce's Chief Ethical and Humane Use Officer, Paula Goldman, explains:

We understand this data can be sensitive, so we've designed it with a walkthrough process for admins setting this up. There's guidance that says you don't always need to be collecting this data. In fact, there are some times when it may not be as appropriate to collect this data. Then admins would choose to include it or not include it, as they're setting up various instances of Salesforce.

Collaboration 

Salesforce worked in close contact with its Inclusive Language Steering Committee to develop the gender inclusive features. This included members of Outforce, the company’s LGBTQ+ employee resource group, and Out and Equal, an Oakland-based organization working on LGBTQ+ workplace equality. 

Working in collaboration with relevant groups is a standard approach at Salesforce’s Office of Ethical and Humane Use. One of its core pillars is ethics and inclusion in Salesforce products, so the Office works hard to ensure the products the firm delivers are inclusive and accessible to all. Goldman says:

A core way we do that is knowing that I as an individual and my team, we don't have all the answers, and nor necessarily do the teams that are working on these specific products. Participation and gaining insight from folks that live these experiences directly is very important. That's why we worked both with our Employee Resource Group to understand first of all - what's the problem; second - what's the right solution, what's the right language to learn, which of these terms are the most important to address. 

Similarly with outside experts, if our whole goal is inclusion in our product, then we need to be inclusive in the processes that lead to these outcomes as well. We need to be bringing in this expertise and designing based on that expertise.

Using the right identifiers is a key part of building trust with users, but the standard options in data systems and CRM tools don’t always capture peoples’ full identity, or make it simple to do so. By making these new fields available, firms can use the gender inclusive features they prefer, and if they don’t need or want to collect gender-related data, they can bypass the features. Goldman notes:

For airlines or hotels or restaurants, which are giving personalized experiences to their customers, they don't want to be making a mistake on sensitive data like this. They want to be giving the correct experiences to their customers and serving them well. If they were to make an error on something like this, you can imagine how that would break trust.

Conversely, when people feel included, they’re more likely to trust the company they're interacting with. Goldman adds:

Study after study shows that when people trust companies, they're willing to share more data. That in turn feeds a more accurate and trusted personalized experience with the company, which feeds the sort of data they're willing to share.

At a time when first-party data is so crucial for companies wanting to serve and market in different segments, this model creates a virtuous loop where they're going to have more customer loyalty and trust, and be able to better serve their customers. 

Ethical

The new identity fields are part of Salesforce’s ongoing efforts to develop and promote ethical and inclusive technology. The firm had already made updates to its technical language in 2021 to address implicit bias and increase racial inclusivity. Goldman says:

We spent a long time remediating language in our code and our product around racial terms, like master and slave or blacklist and whitelist, and replacing those with more inclusive terms.

Ethics and inclusivity are embedded across product development at the company, she adds. For example, in the area of Artificial Intelligence, Salesforce aims to ensure that the data sets it’s using to train models are representative of the populations it’s serving and as free from bias as possible. 

The firm also puts intentional defaults in its products to make them as inclusive as possible. During the pandemic, one of the products it was developing for vaccination campaigns offered default pick lists associated with that product type. Goldman adds:

We decided that we shouldn't make an address field mandatory for people that wanted to sign up for vaccine. Why? Because if you are unhoused, that might exclude you from getting access to the thing that you're signing up for. Oftentimes it's these small design decisions that can make a world of difference in how inclusive products are when they launch and are used in the world.

My take

A positive move. 

Thu, 16 Feb 2023 21:12:00 -0600 BRAINSUM en text/html https://diginomica.com/salesforce-adds-gender-identity-and-pronoun-data-fields-promote-inclusivity-tech
Killexams : Salesforce is applying pressure to workers to drive down headcount

I've been looking for a driver who is qualified, reader. I'm Diamond Naga Siu, and I'm a little rusty at driving after taking public transportation for so long. Driving at night is especially nerve-racking, because I keep getting blinded by the lights.

It's happening much more frequently, and I thought my eyesight was for sure getting worse (it is). But the actual culprit is more complex: light hues, misaligned headlights, and other vehicle quirks. My colleague Madison Hall illuminates the problem here.

Before we drive off into the night, let's jump into today's tech.

If this was forwarded to you, sign up here. get Insider's app here.

Marc Benioff

Justin Sullivan / Getty Images

1. Salesforce performance pressure is on. Employees told Insider that the cloud company is about to drop new performance metrics for engineers. It's also trying to lower the headcount. Some salespeople had to choose between a "Prompt Exit Package" severance option or a 30-day performance improvement plan.

This is all part of a sprint to cut 10% of the workforce after going on a two-year hiring spree. Plus, multiple investors are believed to be pressuring Salesforce to cut additional costs to become more profitable.

More on the heightened tension at Salesforce here.

In other news:

Employees at big tech companies before and after industry-wide layoffs: Alphabet, Meta, Amazon, Microsoft, Salesforce.

Chay Thawaranont

2. Tech layoffs tell one story. Company headcount tells another. These six charts show how tech giants like Meta and Google have still grown, despite layoffs. Check them out here.

3. A woman doesn't want to prosecute her husband who is accused of purposely driving their family off a cliff. He is suspected of driving off a 250-foot cliff with his wife and two children inside a Tesla. The California doctor faces three attempted murder charges. More on the situation.

4. Microsoft really wants you to use Bing and ChatGPT. The company is throwing it back to the 90s. It's pushing people to set Bing as their default search engine. And it's trying to trade access to its augmented search engine for market share. Here's a breakdown of its desperation.

5. Hundreds of influencers revealed their rates for sponsored posts. New data revealed that the average rate for TikTok fell from $3,108 in 2021 to $2,947 a year later. Meanwhile, the costs of Instagram sponsored posts are rising. Get more insights on sponsored post rates.

6. The danger of putting computer chips in your brain. Elon Musk's neurotech startup has been working toward putting chips in people's brains since 2016. Other startups have been hurry to do so, too. But experts warn there are real dangers and unique ethical pitfalls. Dive into them here.

7. Leaked Amazon all-hands recording reveals CEO pep talk. On Tuesday, Andy Jassy urged employees to band together to get through this challenging time. He encouraged them to "redefine" the company and laid out how they can be successful. Get the full meeting breakdown.

8. Walmart forces employees to relocate or bounce. The retailer is cracking down on remote work. It closed tech hubs in California, Texas, and Oregon, and gave impacted employees two options: relocate or take severance. More on the employment ultimatum.

Odds and ends:

person holding EV charging power cord

Getty Images

9. Beep Beep: Road trip with this couple in an EV. Axios reporter Joann Muller joined her husband on a 1,500-mile road trip in a Kia EV6. They didn't use heat — and stopped 12 times due to "range anxiety." Come along for the ride here.

10. Stop doing these things at Chinese takeout restaurants. Su-Jit Lin grew up working in her parents' American Chinese restaurant. She witnessed her parents facing racism and aggression while running their business. Here are nine things she wishes customers knew.

What we're watching today:

Curated by Diamond Naga Siu in San Diego. (Feedback or tips? Email dsiu@insider.com or tweet @diamondnagasiu) Edited by Dave Smith (tweet @redletterdave) in Toronto and Nathan Rennolds (tweet @ncrennolds) in London.

Read the original article on Business Insider

Tue, 14 Feb 2023 21:35:00 -0600 en-US text/html https://news.yahoo.com/salesforce-applying-pressure-workers-drive-113500773.html
Killexams : Software and IT Service Market (New Ready Report) By 2023 which is Booming Strong Growth in the Globe till 2028

The MarketWatch News Department was not involved in the creation of this content.

Feb 18, 2023 (The Expresswire) -- [183+ Pages with Synopsis] COVID-19 Impact, Despite Inflation and Fearing Recession, Businesses Across the Globe Expected to Do Better in 2023

Top “Software and IT Service Market” Size 2023 Key players Profiled in the Report are [, CEPTES, LinkedIn, Concur Technologies, Workday, IBM, Oracle, NetSuite, Medidata Solutions, ServiceNow, Microsoft, Google, Zuora, SAP, Adobe, VMWare, Salesforce.com, HCL, Huawei, Haier Group, Ali, Xiaomi, Hikvision Digital Technology, Jingdong] most important, influential, or successful companies, brands, or individuals within a Software and IT Service market 2023 to 2026.

Software and IT Service Market Report Contains 2023: -

● Complete overview of the global Software and IT Service Market ● Software and IT Service Market provides high-class data, info, vital statistics, trends, and competitive landscape details in this role sector. ● Top Country data and analysis for United States, Canada, Mexico, Germany, France, United Kingdom, Russia, Italy, China, Japan, Korea, India, Southeast Asia, Australia, Brazil and Saudi Arabia, etc. It also throws light on the progress of key regional Software and IT Service Markets such as North America, Europe, Asia-Pacific, South America and Middle East and Africa ● Description and analysis of Software and IT Service market potential by type (, Cloud, On-Premise), Deep Dive, disruption, application [, Large Enterprise, SME, Individual] capacity, end use industry ● Impact evaluation of most important drivers and restraints, and dynamics of the global Software and IT Service Market and current trends in the enterprise ● Software and IT Service industry forecast is offered along with info related to key drivers, restraints, and opportunities.

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Short Description About Software and IT Service Market:

Market Analysis and Insights: Global Software and IT Service Market
The global Software and IT Service market size is projected to reach USD millions by 2026, from USD million in 2020, at a High CAGR during 2021-2026.

Global Software and IT Service

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Market segment by Region/Country including: -

● North America (United States, Canada, and Mexico) ● Europe (Germany, UK, France, Italy, Russia and Spain, etc.) ● Asia-Pacific (China, Japan, Korea, India, Australia, Southeast Asia, etc.) ● South America (Brazil, Argentina, Colombia, etc.) ● Middle East and Africa (South Africa, UAE, Saudi Arabia, etc.)

User center of Software and IT Service market 2023

    Yes. As the COVID-19 and the Russia-Ukraine war are profoundly affecting the global supply chain relationship and raw material price system, we have definitely taken them into consideration throughout the research, and we elaborate at full length on the impact of the pandemic and the war on the Precious Metals Industry.

    Final Report will add the analysis of the impact of COVID-19 on this industry.

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    The Global Software and IT Service market is anticipated to rise at a considerable rate during the forecast period. the market is growing at a steady rate and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

    Software and IT Service Market -SegmentationAnalysis:

    Report further studies the market development status and future Software and IT Service Market trend across the world. Also, it splits Software and IT Service market Segmentation by Type and by Applications to fully and deeply research and reveal market profile and prospects.

    Segment by Type

    ● Cloud ● On-Premise

    Which growth factors drives the Software and IT Service market growth?

    Increasing use of is expected to drive the growth of the Software and IT Service Market.

    Segment by Application

    ● Large Enterprise ● SME ● Individual

    Which market dynamics affect the business?

    The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.

    It also provides accurate information and cutting-edge analysis that is necessary to formulate an ideal business plan, and to define the right path for rapid growth for all involved industry players. With this information, stakeholders will be more capable of developing new strategies, which focus on market opportunities that will benefit them, making their business endeavors profitable in the process.

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    Software and IT Service Market - Competitive Analysis:

      With the aim of clearly revealing the competitive situation of the industry, we concretely analyze not only the leading enterprises that have a voice on a global scale, but also the regional small and medium-sized companies that play key roles and have plenty of potential growth.
      Please find the key player list in Summary.

      Software and IT Service Industry leading players are the ones that have the biggest impact, the most market share 2023, the best reputation, or the highest revenue within their field they are

      Who are the leading players in Software and IT Service market?

      ● CEPTES ● LinkedIn ● Concur Technologies ● Workday ● IBM ● Oracle ● NetSuite ● Medidata Solutions ● ServiceNow ● Microsoft ● Google ● Zuora ● SAP ● Adobe ● VMWare ● Salesforce.com ● HCL ● Huawei ● Haier Group ● Ali ● Xiaomi ● Hikvision Digital Technology ● Jingdong

      Get a trial Copy of the Report at https://www.360marketupdates.com/enquiry/request-sample/19867344

        Both Primary and Secondary data sources are being used while compiling the report.
        Primary sources include extensive interviews of key opinion leaders and industry experts (such as experienced front-line staff, directors, CEOs, and marketing executives), downstream distributors, as well as end-users.

        Secondary sources include the research of the annual and financial reports of the top companies, public files, new journals, etc. We also cooperate with some third-party databases.

        Please find a more complete list of data sources in Chapters

        1.To study and analyze the global Software and IT Service consumption (value) by key regions/countries, product type and application

        2.To understand the structure of Software and IT Service Market by identifying its various sub segments.

        3.Focuses on the key global Software and IT Service manufacturers, to define, describe and analyze the value, market share, market competition landscape, Porter's five forces analysis, SWOT analysis and development plans in next few years.

        4.To analyze the Software and IT Service with respect to individual growth trends, future prospects, and their contribution to the total market.

        5.To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).

        6.To project the consumption of Software and IT Service submarkets, with respect to key regions (along with their respective key countries).

        7.To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.

        8.To strategically profile the key players and comprehensively analyze their growth strategies.

        Get a trial Copy of the Report at -https://www.360marketupdates.com/enquiry/request-sample/19867344

        Major Points from Table of Contents

        1 Software and IT Service Market Overview

        1.1 Product Overview and Scope of Software and IT Service
        1.2 Software and IT Service Segment by Type
        1.3 Software and IT Service Segment by Application
        1.4 Global Market Growth Prospects
        1.5 Global Market Size by Region

        2 Market Competition by Manufacturers
        2.1 Global Software and IT Service Production Capacity Market Share by Manufacturers (2017-2022)
        2.2 Global Software and IT Service Revenue Market Share by Manufacturers (2017-2022)
        2.3 Software and IT Service Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
        2.4 Global Software and IT Service Average Price by Manufacturers (2017-2022)
        2.5 Manufacturers Software and IT Service Production Sites, Area Served, Product Types
        2.6 Software and IT Service Market Competitive Situation and Trends

        3 Production Capacity by Region
        3.1 Global Production Capacity of Software and IT Service Market Share by Region (2017-2022)
        3.2 Global Software and IT Service Revenue Market Share by Region (2017-2022)
        3.3 Global Software and IT Service Production Capacity, Revenue, Price and Gross Margin (2017-2022)

        4 Global Software and IT Service Consumption by Region

        5 Segment by Type

        6 Segment by Application

        7 Key Companies Profiled
        7.1 Company
        7.1.1 Software and IT Service Corporation Information
        7.1.2 Software and IT Service Product Portfolio
        7.1.3 Software and IT Service Production Capacity, Revenue, Price and Gross Margin (2017-2022)
        7.1.4 Company’s Main Business and Markets Served
        7.1.5 Company’s recent Developments/Updates

        8 Software and IT Service Manufacturing Cost Analysis
        8.1 Software and IT Service Key Raw Materials Analysis
        8.1.1 Key Raw Materials
        8.1.2 Key Suppliers of Raw Materials
        8.2 Proportion of Manufacturing Cost Structure
        8.3 Manufacturing Process Analysis of Software and IT Service
        8.4 Software and IT Service Industrial Chain Analysis

        9 Marketing Channel, Distributors and Customers
        9.1 Marketing Channel
        9.2 Software and IT Service Distributors List
        9.3 Software and IT Service Customers

        10 Market Dynamics
        10.1 Software and IT Service Industry Trends
        10.2 Software and IT Service Market Drivers
        10.3 Software and IT Service Market Challenges
        10.4 Software and IT Service Market Restraints

        11 Production and Supply Forecast
        11.1 Global Forecasted Production of Software and IT Service by Region (2023-2026)

        12 Consumption and Demand Forecast
        12.1 Global Forecasted Demand Analysis of Software and IT Service

        13 Forecast by Type and by Application (2023-2026)
        13.1 Global Production, Revenue and Price Forecast by Type (2023-2026)

        14 Research Finding and Conclusion

        15 Methodology and Data Source
        15.1 Methodology/Research Approach
        15.1.1 Research Programs/Design
        15.1.2 Market Size Estimation
        15.1.3 Market Breakdown and Data Triangulation
        15.2 Data Source
        15.2.1 Secondary Sources
        15.2.2 Primary Sources
        15.3 Author List
        15.4 Disclaimer

        Continued….

        And more…

        Key Reasons to Purchase

        ● To gain insightful analyses of the market and have comprehensive understanding of the global Software and IT Service Market and its commercial landscape. ● Assess the production processes, major issues, and solutions to mitigate the development risk. ● To understand the most affecting driving and restraining forces in the Software and IT Service Market and its impact in the global market. ● Learn about the Software and IT Service Market strategies that are being adopted by leading respective organizations. ● To understand the future outlook and prospects for the Software and IT Service Market. ● Besides the standard structure reports, we also provide custom research according to specific requirements

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        Wet Waste Management Market With Impact of Covid-19 and a Looming Global Recession 2023

        Press Release Distributed by The Express Wire

        To view the original version on The Express Wire visit Software and IT Service Market (New Ready Report) By 2023 which is Booming Strong Growth in the Globe till 2028

        COMTEX_424754370/2598/2023-02-18T09:39:41

        Is there a problem with this press release? Contact the source provider Comtex at editorial@comtex.com. You can also contact MarketWatch Customer Service via our Customer Center.

The MarketWatch News Department was not involved in the creation of this content.

Fri, 17 Feb 2023 23:39:00 -0600 en-US text/html https://www.marketwatch.com/press-release/software-and-it-service-market-new-ready-report-by-2023-which-is-booming-strong-growth-in-the-globe-till-2028-2023-02-18
Killexams : Opsera Salesforce DevOps Platform Enables Secure and Resilient Salesforce Releases No result found, try new keyword!Securing and maintaining Salesforce releases is a major challenge for engineering teams. Every change and additional tool in the pipeline introduces complex and manual work. Today's modern CI/CD ... Thu, 16 Feb 2023 01:50:00 -0600 en-US text/html https://technews.tmcnet.com/news/2023/02/16/9762050.htm Killexams : Appfire Further Expands into the Salesforce Ecosystem with Acquisition of Suite of ServiceRocket Applications

Appfire to offer the acquired portfolio within the Atlassian marketplace, which allows teams to sync data on Jira and Confluence with one of the most widely used SaaS platforms in the world

Appfire logo (PRNewsfoto/Appfire)

BOSTON, Jan. 11, 2023 /PRNewswire/ -- Appfire, an enterprise collaboration software company that enables teams to plan and deliver their best work, today announced its acquisition of more than twenty products from ServiceRocket, a leader in tech-enabled services. This acquisition highlights Appfire's continued strategic expansion within the Salesforce ecosystem and its intention to continue to be an Atlassian top Marketplace vendor. Appfire will now offer ServiceRocket's best-selling applications, Connector for Salesforce & Jira and Connector for Salesforce & Confluence. These products offer best-in-class integration between Salesforce and Atlassian products and allow users of both platforms to sync their data, providing a streamlined, single source of truth.

Today, teams choose their own tools, but that can often lead to a lot of context-switching when different teams across the enterprise try to work together. Customers need powerful yet simple products that enable new ways to Boost collaboration, productivity and business processes. The hybrid workforce has exemplified the need for products that empower seamless collaboration, regardless of how, where, or when they work. The acquisition of these applications effectively addresses these demands and elevates the longstanding partnership between ServiceRocket and Appfire, making work flow by driving efficiency and productivity for all customers. Appfire will further invest in the care and ongoing support of the users of these products.

"I first met ServiceRocket's founder and CEO Rob Castaneda more than 15 years ago in the early days of the Atlassian ecosystem," said Randall Ward, co-founder and CEO of Appfire. "We were both focused on fostering growth in the ecosystem and for our companies, and a camaraderie was born. We've continued to cultivate our unique partnership focused on collaboration and shared beliefs and on investing in our products and our people. Nurturing this long-established partnership has propelled us toward our vision of scaling global businesses that extend into other successful ecosystems. The opportunities are boundless."

Through this acquisition, Appfire is adding more than 20 apps to its portfolio, all of which help organizations accelerate and maintain their growth. The top-selling Connector for Salesforce & Jira app enables companies to integrate departmental processes while freeing data to follow users and customers along the entire business workflow. Prioritizing ease of use and time to value across all applications, Connector for Salesforce & Jira provides granular association configuration, making the application highly customizable to adapt to any user's business processes. It also provides bidirectional data flow, auto synchronization, and aggregated comments - complete coverage to meet the needs of all user teams and use cases. Additionally, Appfire will extend the workflows and functionality of Confluence, including those applications that address document management, publishing, business intelligence and reporting. Such capabilities will be crucial as Appfire empowers organizations to provide seamless team collaborations. Appfire will continue its longstanding relationship with ServiceRocket as a leading channel partner for both the newly-acquired products and the rest of the Appfire portfolio.

"At ServiceRocket, we commit to our customers, partners, and Rocketeers to be the most reliable partner in the acceleration of their growth," says Rob Castaneda, founder and CEO of ServiceRocket. "The heart of that commitment is our focus on Atlassian and its ecosystem. As Atlassian's first partner, we built some of the platform's initial apps, leading the way to commercialization, before they established their marketplace. The relationship with Appfire and the positive impact our products and service have on our shared customers' growth demonstrates the vitality of this thriving ecosystem and our role in it."

About Appfire
Appfire is the leading enterprise collaboration software provider that makes work flow any way teams want to work, from planning to product ideation, to product development, project delivery, and beyond. Appfire gives teams the best solutions to enhance, augment, connect, and extend platforms like Atlassian, Salesforce, and Microsoft, enabling teams to thrive and do their best work together. Many of Appfire's popular software products are sold on the Atlassian Marketplace, where Appfire has the most widely adopted portfolio of Atlassian apps with 200,000+ active installations across tens of thousands of customers worldwide. Appfire's popular solutions help teams with Workflow & Automation, Product Portfolio Management, IT Service Management, Document Management, Business Intelligence and Reporting, Administrative Tools, Agile Tools, Developer Tools, Time Tracking, Publishing, and Visual Collaboration. Learn more at www.appfire.com.

About ServiceRocket
As the leading provider of tech-enabled services with specialization on the Atlassian platform, our mission is to be the single most reliable partner in the acceleration of growth for our customers, partners and Rocketeers.

Since 2003, our Atlassian expertise has enabled thousands of enterprises to reduce complexity and empower users. From software adoption to platform expansion, our Tech and Platform services allow them to better focus on their business. You have a partner in ServiceRocket. We've got your back.

Founded in 2001 and based in Palo Alto, California, ServiceRocket delivers agile at scale solutions and is an Atlassian ITSM Specialized and Cloud Specialized Partner. With global reach across EMEA, APAC and the Americas, skilled Rocketeers implement DevOps, SAFe™, ITIL, customer support and education solutions for our partners and customers worldwide. Visit www.servicerocket.com for more information.‍

Contacts
Inkhouse for Appfire
mediarelations@appfire.com

Cision

View original content to get multimedia:https://www.prnewswire.com/news-releases/appfire-further-expands-into-the-salesforce-ecosystem-with-acquisition-of-suite-of-servicerocket-applications-301718792.html

SOURCE Appfire

Wed, 11 Jan 2023 00:01:00 -0600 en-US text/html https://www.yahoo.com/now/appfire-further-expands-salesforce-ecosystem-140000191.html
Killexams : OraSure Technologies, Inc. (NASDAQ:OSUR) Q4 2022 Earnings Call Transcript

OraSure Technologies, Inc. (NASDAQ:OSUR) Q4 2022 Earnings Call Transcript February 14, 2023

Operator: Good day, and thank you pray. Welcome to the OraSure Technologies 2022 Fourth Quarter Earnings Conference Call. . I would now like to hand the conference over to your speaker today, Scott Gleason, Head of Investor Relations. Please go ahead.

Scott Gleason: Thanks, Victor. Good afternoon, and welcome to OraSure Technologies Fourth Quarter ’22 Earnings Call. I’m Scott Gleason, the SVP of Investor Relations and Communications. And presenting with me today for OraSure is Carrie Manner, our President and Chief Executive Officer; and Ken McGrath, our Chief Financial Officer. As a reminder, today’s webcast is being recorded, and the recording can be found on the Investor Relations section of our website. Before we begin, you should know that this call may contain certain forward-looking statements, including statements with respect to revenues, expenses, profitability, earnings or loss per share, other financial performance, product development, performance, shipments and markets, business plans, regulatory filings, approvals, expectations and strategies.

Actual results could differ significantly, factors that could affect results are discussed more fully in the company’s SEC filings, including its registration statements, its Annual Report on Form 10-K for the year ending December 31, 2021, its quarterly reports on Form 10-Q and its other SEC filings. Although forward-looking statements help to provide complete information about our future prospects, listeners should keep in mind that forward-looking statements are based solely on information available to management as of today. The company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after this call. With that, I’m pleased to turn the call over to Carrie.

Carrie Manner: Thanks, Scott, and thank you to everyone for joining us today. In the fourth quarter, we once again delivered strong top line results, which exceeded our prior financial guidance, generated cash of $9 million in the quarter and made further progress in our strategic transformation journey. As we look to important aspects of how we are transforming, we have predominantly been focused on strengthening our foundation, expanding our cost reduction programs. Today, we announced a reduction in our nonproduction workforce of 11%. These changes better align our organizational structure with the realities of our business. We believe the restructuring allows us to utilize our COVID-19 cash generation to support incremental growth investments, while targeting to achieve cash flow breakeven for the core business, that is non InteliSwab revenue by end of 2024.

In 2023, we are focused on elevating growth across our core portfolio, increasing the reach of our current products, expanding segments and further enhancing our enterprise capabilities to drive business efficiency and growth. As an early proof point in our strategy, we signed a deal with Quest Diagnostics to serve as the preferred provider of saliva collection kits for Quest’s Genomic Sequencing Services Group test offerings. We also have several co-clearances of trial collection devices underway with partner companies for their novel assays, similar to our recent Grifols announcement. As we gain momentum across our business, we’ll also look for opportunities to further accelerate growth through our own innovation pipeline, along with enhanced strategic partnerships, as well as potential acquisitions.

In order to provide more detail on our strategic progress, I’ll begin with our organizational restructuring and efforts to drive core business profitability. First, we consolidated our 2 business units into 1 OraSure and have just announced the reduction of our nonproduction workforce by 11%. Streamlining our organization makes sense for our size and for the potential to unlock significant efficiencies, enhanced collaboration while simplifying our leadership structure, increased revenue synergy opportunities and improved resource allocation across the company. It will also allow us to leverage our enterprise functions such as manufacturing operations, R&D, quality and regulatory, along with our digital IT assets enterprise-wide. We anticipate the restructuring, along with other process improvements and cost reductions, will deliver operating expense savings of approximately $15 million per year, when fully implemented at the end of the first quarter.

As we lay the groundwork here for long-term cash generation, we have also made announcements — sorry, and we’ve also made enhancements to our enterprise capabilities and manufacturing operations. I am pleased to announce that our new packaging and labeling configuration for InteliSwab has been authorized by the U.S. Food and Drug Administration, and we expect this new configuration to begin shipping by the end of this March. These changes have been a major undertaking by our team, and will drive per test cost savings of approximately $0.40. This includes the impact from lower shipping costs based upon the smaller packaging configuration, which will reduce total truckloads by approximately 50%. Furthermore, it will reduce our environmental impact, since these changes will save on the order of 90 tons of plastic and 1,500 tons of paper from entering the waste stream.

We are looking to apply these learnings to other portfolio products as well, such as our HIV self-test, and we believe we can unlock additional savings through further standardization and process enhancements. Contributing to our continuous process improvements, I’m pleased to share the addition of Trace Custer to our executive team leading quality and regulatory. Trace is a highly experienced life sciences industry veteran with leadership experience across numerous healthcare companies. Having joined us in Q4, Trace has now helped us implement a number of improvements to help lead in our restructuring and is evaluating further areas for efficiency, such as within our recent implementation of an electronic quality management system. On systems, I would also highlight that we have now fully launched Salesforce.com across our commercial team.

Using a standard CRM enables better monitoring and improvement of our sales KPIs, including in areas like pipeline growth and conversion success. I am a strong believer in operating rigor and every one of our teams at OraSure now has established sets of leading and lagging key performance indicators to drive visibility and accelerate our success, each of which along with those we roll up across the enterprise, we believe will drive results and deliver shareholder value. As I’ve mentioned repeatedly, our organization has strengthened our foundation and is increasingly focused now on elevating our core growth and our strategic transformation. This quarter, we established some early proof points, that we believe helps set the tone for our longer-term roadmap, as we look to establish the company as a leader in self-testing and point-of-care diagnostics, as well as an effortless trial collection and services.

First, within our Diagnostics segment, we are working to expand our respiratory assay portfolio, building on our success with COVID-19 lateral flow testing. We believe that InteliSwab will transition to become part of our core and combination influenza tests will become an important diagnostic for 2 of the most widespread clinically actionable and serious respiratory viruses. As such, we are working internally and in partnership externally to address this healthcare need around the flu. While we are not yet prepared to share details, we do believe in the important role of this test, as a part of the commercial expansion of our respiratory portfolio. Also in InteliSwab this quarter, we won 2 additional contracts from the U.S. federal government.

On the first contract, the U.S. Defense Logistics Agency agreed to purchase an estimated 18 million tests of InteliSwab COVID-19, with a maximum award of 36 million tests and a guaranteed minimum award of 3.6 million tests. The contract runs from November 2022 through November 2023. Additionally, we were notified by the government of an incremental award of 3.2 million tests in December. Fulfillment of both of these awards has been running concurrently with our existing government contract, that is supporting the school testing program. Under our federal government contracts, we have shipped approximately 46 million tests as of the end of the fourth quarter and have up to 64 million additional tests, which can be purchased, assuming the government orders the target number of tests under our second RFP win.

Monitor, Monitoring, Medicine

Photo by jair lazaro on Unsplash

Additionally, in December, we were one of a group of companies awarded a tender for the state government of Connecticut, which also allows us to compete for up to 6 million additional tests. As we think about growth drivers for diagnostics in 2023, we’ve also been notified that we will receive our first orders from Emory University supporting outreach testing under the Let’s Stop HIV Together initiative. Furthermore, our OraQuick In-Home HIV test is now offered on amazon.com directly, with prime fulfillment. While our online sales via Amazon are relatively small, they are increasing as we fulfill more customer orders and have moved up in terms of search algorithm. We are also encouraged by recent U.S. government funding and future potential funding, focused on healthcare conditions we serve.

Moving to our molecular tips business; the headwinds we’ve discussed have continued, as some of our key customers have taken a more cautious stance on their near-term business outlook. That said, we believe the fundamental backdrop supporting genetic trial collection remains very attractive, as the number of applications continues to expand, and precision health is key to the future of healthcare. Examples of these trends include the increase in high-value diagnostic and precision therapeutics, along with clinical laboratories increasingly working to reach patients in lower acuity settings, such as in-home and retail. and like the deal I mentioned with Quest. As we think about expanding our collection kits business, we would also highlight progress with Colli-Pee.

This quarter, we launched 4 new CE IVD products in women’s health and beyond. Additionally, we have multiple clinical research and commercial co-clearance collaborations kicked off, in an effort to continue establishing first void volumetric urine as a validated trial type for HPV screening, women’s health therapeutics and the detection of oncology biomarkers. Finally, I would point out, the recent FDA approval of the first microbiome-based therapeutic to prevent C. difficile in adults with recent data showing that these therapeutics Boost health outcomes. This approval paves the way for other biotherapeutics, and we believe will serve as a positive catalyst for microbiome-based investment in new research studies. In conclusion, we have made significant progress strengthening our foundation, by resetting our cost structure and operating rigor.

This progress will facilitate future growth investments and sets the stage for us to achieve cash flow breakeven by the end of 2024. As we look forward here in 2023, we are increasingly focused on elevating core business and increasing our innovation pipeline to accelerate profitable growth. With that, I am pleased to turn the call over to Ken to discuss our financial results and guidance.

Kenneth McGrath: Thanks, Carrie. I’m pleased to discuss our financial results for the fourth quarter and provide updates on the financial outlook. First, from a top line perspective, we delivered total revenue of $123.1 million in the fourth quarter, which was another new record for the company, representing year-over-year growth of 94%. Our Diagnostics business unit delivered total revenue of $107.3 million in the quarter, growing 228% versus last year. The majority of this growth was driven by IntelliSwab, which increased almost sixfold year-over-year and our core diagnostics business was up 3% in the quarter. Core growth was negatively impacted by the timing of international orders, which were down on a year-over-year basis.

However, many orders were pushed out until the first quarter of 2023, and consequently, we expect a strong first quarter for our international diagnostics business. Additionally, as Carrie mentioned, we will begin seeing our first orders under the Let’s Stop HIV Together program in the first quarter, bolstering our domestic HIV business. Our Molecular Solutions business unit delivered revenue in the quarter of $15.8 million, declining 49% relative to the fourth quarter of last year. Excluding COVID-19 revenue, the business declined 32%. While we continue to add new accounts, 2 of our large consumer-oriented customers, and one large clinical lab ordered significantly less product when compared to Q4 of 2021. We believe this was due to a work down of excessive inventory within these accounts, as they respond to macroeconomic factors impacting the segments in which they compete.

We also cycled against a significant research study purchased in 2021, that despite ongoing needs, did not repeat in Q4 of 2022. Going forward, we expect to see continued volatility in this segment, as some of our largest customers continue to deal with these macroeconomic factors. Despite this expected volatility, we remain optimistic about the potential to expand genetic testing through partnerships, such as the deal with Quest Diagnostics and to support novel diagnostic assays, while we also onboard new customers. From a gross margin perspective, our non-GAAP gross margins in the quarter were 40.7% compared to 40.0% last quarter and showing meaningful positive progress on a sequential basis. The sizable mix shift in revenue towards our diagnostic business unit continued to create some margin headwinds, with 87% of the revenue in the quarter coming from diagnostics versus 84% last quarter.

We continue to make plans to boost our longer-term gross margin profile, including opportunities for further packaging improvements, plus standardization across products, moving our legacy test automation, as well as site consolidation based upon future volume contingencies. As Carrie mentioned earlier in the call, we plan to transition to our new packaging configuration for InteliSwab late in the first quarter of 2023, which we believe will save approximately $0.40 per InteliSwab test and have a meaningful impact on our gross margins. However, it is important to remember that given lower pricing under the new RFPs, we expect to have some pricing headwinds in the first quarter. Therefore, we anticipate some pressure on gross margins in the first quarter, followed by improvements throughout the year, as mix and manufacturing efficiencies Boost our cost structure.

Moving on to our operating expenses; our non-GAAP operating expense in the quarter of $31.8 million decreased by $3.5 million relative to the third quarter. The decline in operating expenses is attributable to timing and lower bad debt, along with our focus on cost controls. Looking forward, we believe to expect — we believe the expected $15 million in annualized operating expense savings highlighted by Carrie, will be fully recognized beginning in the third quarter of 2023. As part of achieving these savings from our workforce reductions, we expect to recognize onetime severance expense of $2 million in the first quarter. In anticipation of InteliSwab tapering in the second half of 2023, we will deliver further cost reductions in manufacturing operations.

Across all of our cost reduction efforts, we are targeting to achieve cash flow breakeven in our base business, excluding InteliSwab revenue by the end of 2024. Our operating expense savings will allow us to make targeted investments with attractive returns, utilizing the significant cash we generated from InteliSwab in coming quarters. From a cash perspective, we ended the quarter with total cash and cash equivalents of $111 million, a $9 million increase from last quarter. Working capital increased significantly in the quarter, which the company believes will convert to cash as InteliSwab revenues taper in the future. We also continue to expect to generate positive cash flow from our $109 million Department of Defense contract to build out our InteliSwab capacity.

The majority of the cash tied to this expansion has now been spent, and we will see positive cash flow, as we complete milestones under the contract going forward. Given the continued volatility with InteliSwab, we are only providing quarterly guidance for the fiscal year. In the first quarter of 2023, we are guiding to revenues of $125 million to $130 million, representing year-over-year growth of 85% to 92%. Regarding the cadence of revenue throughout the year, we are expecting continued strength in InteliSwab revenues in the first half of the year, while we deliver on our government contracts, followed by significantly more modest InteliSwab revenue in the third and fourth quarters. As Carrie mentioned, we are focused on driving momentum in our core business as we exit the year, by implementing our planned cost savings and looking for opportunities to drive core growth throughout 2023.

With that, I am pleased to turn the call back over to Carrie for concluding remarks.

Carrie Manner: Thanks, Ken. We continue to make meaningful progress on our transformation journey this quarter, as the company focuses on innovating and operating with disciplined execution and accountability. We have now firmly positioned the company on a strong financial footing and expect to see our balance sheet Boost through 2023, creating the opportunity for future growth investments. As we look forward, core growth is our predominant focus as an organization, and our team is motivated to deliver this year. We continue to believe that our capabilities can help power, where healthcare delivery is going, meeting people, patients where they are, providing innovation and care at the lowest possible level of acuity. Therefore, we are excited about the opportunities in front of us. And with that, I’m pleased to turn the call back over to Scott for Q&A.

Scott Gleason: Thanks, Carrie. Operator, we are now ready to begin the Q&A portion of the call. We would ask that you limit your questions to one question and one follow-up to ensure broad participation.

See also 10 Profitable SaaS Companies for 2023 and Most Profitable Natural Gas Stocks.

Q&A Session

Follow Orasure Technologies Inc (NASDAQ:OSUR)

Operator: . Our first question will come from the line of Vijay Kumar from Evercore ISI.

Vijay Kumar: Just on the base business here, share all the color. Is the base business now at a place where it should grow, or are we still looking at ’23 as a transition year? And any color — I know you spoke about the consumer genomics market macro, but you’ve also signed some new partnerships. So maybe just help us understand ex-COVID what the base business revenue trajectory should look like?

Kenneth McGrath: No, great question, and thank you for that. Our guidance of $125 million to $130 million for Q1, what we’re guiding towards is that the InteliSwab revenue will be roughly the same — roughly flat or a little bit up quarter over prior quarter. So implied in that is that our core business is roughly flat versus Q4.

Carrie Manner: And I’d add on molecular. While we don’t expect a snap recovery on the first half of 2023, we do remain optimistic about the long-term fundamentals of that segment. And that — we shared some positive signals like the deal with Quest, it really is about those end segments. We are adding customers, and we are staying closely connected with them. So while, again, I’d just reiterate, we don’t expect sort of the snap recovery, we do expect the strength in the long-term growth in that attractive market, which we continue to meet the needs of.

Vijay Kumar: Understood. And then maybe my follow-up here, one on gross margins and free cash flows. Gross margin, a slight improvement sequential from 3Q levels. But again, I think long term, we were looking at 50% plus as the gross margins of the business. Any comments on what the gross margin trajectory should look like? And you’ve also mentioned free cash for base business — hitting free cash positive by end of fiscal ’24, is the cash balance that you have on hand right now, that 80-plus, is that enough for you to achieve that free cash positivity?

Scott Gleason: Hey Vijay, thanks for the question there. A couple of things as we think about the margin profile of the business. Obviously, we’ve seen a very significant mix shift from molecular to diagnostics over the last 12 months. Eventually, we’re going to get to the point where we would expect to see InteliSwab starts to taper some. We obviously made the comments in the press release, where we talked about we expected the first half of the year to have a much higher weighting towards InteliSwab than the second half. As that mix transition occurs, you will start to see some margin benefits, because the molecular business has a higher underlying margin structure to it. The other things that Ken mentioned that we’re focused on, is when you look at the manufacturing side, we still have some significant changes that we’re looking at in terms of site consolidation, standardization across products and then also looking at things like some of the learnings from InteliSwab, transferring that to the additional tests, which we think will drive margin improvements over time.

And so it’s something we’re focused on. We kind of see this as a marathon, not as something that’s going to happen in any single quarter. And so it’s something where we’re going to make continual process improvements. But we have a new Director of operation — or a new SVP of Operations, Zach Wert, who is highly focused on driving efficiencies across our business and it’s something we’re going to keep working on throughout the year here.

Thu, 16 Feb 2023 06:38:00 -0600 en-US text/html https://www.insidermonkey.com/blog/orasure-technologies-inc-nasdaqosur-q4-2022-earnings-call-transcript-1121244/
Killexams : Q-CTRL banks $39m from retreating Salesforce Ventures

Q-CTRL largely deploys its quantum control software to customers such as IBM, Capgemini and Transport for NSW, which have quantum computers that need a stable environment to operate in.

While Q-CTRL has largely focused on applying control theory to unstable quantum environments, in the last few years it has been developing quantum sensors, which can measure acceleration, gravity and magnetic fields once deployed in a satellite.

More broadly, Quantum technology includes the quantum computers that, it is hoped, will one day revolutionise industries such as transport, pharmaceuticals and chemical engineering by harnessing the strange properties of matter at the atomic scale to make calculations that would be unfeasible with traditional computers.

As it stands, Q-CTRL has around 8,000 users and has banked over $15 million in bookings across its quantum computing and quantum sensing businesses.

“Q-CTRL’s technology stands head-and-shoulders above the rest of the industry in tackling the most foundational challenge in quantum computing,” Robert Keith, managing director at Salesforce Ventures, said.

“Q-CTRL’s products are essential for enterprise adoption of quantum computing, and their use of AI is delivering critical insights across hardware platforms that no one else can match. With their additional leadership in pioneering quantum sensors, we came to see Q-CTRL as one of the most consequential businesses in the sector for their ability to deliver value through quantum technology.”

The Sydney-based start-up brought on some heavy-hitting talent in 2022, bringing in deep tech executive Aravind Ratnam as chief strategy officer and Silicon Valley veteran Alex Shih as head of product.

In 2021, the federal government said $100 million was earmarked for quantum technologies, and identified quantum computing as a “critical” technology.

Last year, the CSIRO said that Australia’s quantum technology industry could employ more people than the oil and gas industry does now and bank in as much as $6 billion a year by 2045.

At the time, CSIRO chief executive Larry Marshall said Australian quantum research was at a “tipping point” and was moving from the research phase into commercial development.

Tue, 31 Jan 2023 10:00:00 -0600 en text/html https://www.afr.com/technology/q-ctrl-banks-39m-from-retreating-salesforce-ventures-20230131-p5cgqn
Killexams : Appfire Further Expands into the Salesforce Ecosystem with Acquisition of Suite of ServiceRocket Applications

Appfire to offer the acquired portfolio within the Atlassian marketplace, which allows teams to sync data on Jira and Confluence with one of the most widely used SaaS platforms in the world

BOSTON, Jan. 11, 2023 /PRNewswire/ -- Appfire, an enterprise collaboration software company that enables teams to plan and deliver their best work, today announced its acquisition of more than twenty products from ServiceRocket, a leader in tech-enabled services. This acquisition highlights Appfire's continued strategic expansion within the Salesforce ecosystem and its intention to continue to be an Atlassian top Marketplace vendor. Appfire will now offer ServiceRocket's best-selling applications, Connector for Salesforce & Jira and Connector for Salesforce & Confluence. These products offer best-in-class integration between Salesforce and Atlassian products and allow users of both platforms to sync their data, providing a streamlined, single source of truth.

Today, teams choose their own tools, but that can often lead to a lot of context-switching when different teams across the enterprise try to work together. Customers need powerful yet simple products that enable new ways to Boost collaboration, productivity and business processes. The hybrid workforce has exemplified the need for products that empower seamless collaboration, regardless of how, where, or when they work. The acquisition of these applications effectively addresses these demands and elevates the longstanding partnership between ServiceRocket and Appfire, making work flow by driving efficiency and productivity for all customers. Appfire will further invest in the care and ongoing support of the users of these products. 

"I first met ServiceRocket's founder and CEO Rob Castaneda more than 15 years ago in the early days of the Atlassian ecosystem," said Randall Ward, co-founder and CEO of Appfire. "We were both focused on fostering growth in the ecosystem and for our companies, and a camaraderie was born. We've continued to cultivate our unique partnership focused on collaboration and shared beliefs and on investing in our products and our people. Nurturing this long-established partnership has propelled us toward our vision of scaling global businesses that extend into other successful ecosystems. The opportunities are boundless."

Through this acquisition, Appfire is adding more than 20 apps to its portfolio, all of which help organizations accelerate and maintain their growth. The top-selling Connector for Salesforce & Jira app enables companies to integrate departmental processes while freeing data to follow users and customers along the entire business workflow. Prioritizing ease of use and time to value across all applications, Connector for Salesforce & Jira provides granular association configuration, making the application highly customizable to adapt to any user's business processes. It also provides bidirectional data flow, auto synchronization, and aggregated comments - complete coverage to meet the needs of all user teams and use cases. Additionally, Appfire will extend the workflows and functionality of Confluence, including those applications that address document management, publishing, business intelligence and reporting. Such capabilities will be crucial as Appfire empowers organizations to provide seamless team collaborations. Appfire will continue its longstanding relationship with ServiceRocket as a leading channel partner for both the newly-acquired products and the rest of the Appfire portfolio. 

"At ServiceRocket, we commit to our customers, partners, and Rocketeers to be the most reliable partner in the acceleration of their growth," says Rob Castaneda, founder and CEO of ServiceRocket. "The heart of that commitment is our focus on Atlassian and its ecosystem. As Atlassian's first partner, we built some of the platform's initial apps, leading the way to commercialization, before they established their marketplace. The relationship with Appfire and the positive impact our products and service have on our shared customers' growth demonstrates the vitality of this thriving ecosystem and our role in it."

About Appfire
Appfire is the leading enterprise collaboration software provider that makes work flow any way teams want to work, from planning to product ideation, to product development, project delivery, and beyond. Appfire gives teams the best solutions to enhance, augment, connect, and extend platforms like Atlassian, Salesforce, and Microsoft, enabling teams to thrive and do their best work together. Many of Appfire's popular software products are sold on the Atlassian Marketplace, where Appfire has the most widely adopted portfolio of Atlassian apps with 200,000+ active installations across tens of thousands of customers worldwide. Appfire's popular solutions help teams with Workflow & Automation, Product Portfolio Management, IT Service Management, Document Management, Business Intelligence and Reporting, Administrative Tools, Agile Tools, Developer Tools, Time Tracking, Publishing, and Visual Collaboration. Learn more at www.appfire.com.

About ServiceRocket
As the leading provider of tech-enabled services with specialization on the Atlassian platform, our mission is to be the single most reliable partner in the acceleration of growth for our customers, partners and Rocketeers.

Since 2003, our Atlassian expertise has enabled thousands of enterprises to reduce complexity and empower users. From software adoption to platform expansion, our Tech and Platform services allow them to better focus on their business. You have a partner in ServiceRocket. We've got your back.

Founded in 2001 and based in Palo Alto, California, ServiceRocket delivers agile at scale solutions and is an Atlassian ITSM Specialized and Cloud Specialized Partner. With global reach across EMEA, APAC and the Americas, skilled Rocketeers implement DevOps, SAFe™, ITIL, customer support and education solutions for our partners and customers worldwide. Visit www.servicerocket.com for more information.‍

Contacts
Inkhouse for Appfire
mediarelations@appfire.com

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SOURCE Appfire

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