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Strong demand for cloud products, technology and migration.

Consumer demand for enhanced digital experiences is increasing the appeal of application platforms or platforms as a service. In addition, migration to the cloud is still less than 50% and the trend towards new technologies offers further growth potential for this segment in the coming years.

Atlasian Corporation Plc is a leader in what we call “metasoftware” which includes a range of segments related to helping/automating the creation, testing, deployment, operation, monitoring and security of software applications. Quietly but quickly, the company won favor with programmers by taking a completely opposite approach, focusing on word of mouth, coder-to-coder referrals, and a very generous free pricing model to drive sales. deal with customer issues transparently and competently.

The company continues its explosive growth phase, with last quarter results showing more than 60% growth in cloud subscriptions year-over-year. Meanwhile, total revenue was $740.5 million, up 30% from the corresponding quarter of 2021. Free cash flow margin remains high at 42%. Cash and cash equivalents plus short-term investments totaled $1.3 billion at the end of March 2022. BBG Consensus: 66.7% BUY.

Working Day Ltd.. has pioneered many cutting-edge innovations and is a leading provider of enterprise cloud-based finance and HR applications, helping clients adapt and thrive in a changing world. They have created a set of integrated human capital management (HCM) applications specifically designed for large enterprises. The WDAY coders have adapted the free software MySQL – a relational database management system – in a very impressive and clever way. This allowed the company to increase productivity and provide real-time analytics (such as warehouse capacity forecasting or supply chain failure simulation), which represents a significant improvement over the traditional system. The co-CEO of Workday said continued global momentum and a solid portfolio of contracts will help him have a strong 2023.

In the first quarter of fiscal 2022, the company reported total revenue of $1.43 billion, up 22.1% from a year earlier. Subscription revenue was $1.27 billion, up 23.2% from the same period a year earlier. BBG Consensus: 87.9% BUY.

GREAT initially earned income through defense contracts and later released its first commercially available NiceLog software application with various advanced options. Since 2014, the company has decided to reorganize the business to focus on its contact center and financial crime detection applications. Over the past few years, NICE has made further acquisitions of cloud application providers and has also expanded its financial fraud detection suite by acquiring Guardian Analytics, a UK based analytics software company used to detect money laundering. Subsequently, NICE successfully transitioned to a subscription-based cloud business model, which recently saw a staggering 50% growth (CFRA).

The company maintained strong financial results and positive dynamics during the first quarter of 2022, as well as throughout the past year. Total revenue increased 15.9% to $527.4 million in the first quarter of 2022 from $455 million a year earlier. Gross profit in the first quarter of 2022 was $360.4 million compared to $307.2 million in the first quarter of 2021. Gross margin in the first quarter of 2022 was 68.3% compared to 67.5% in the first quarter of 2021.BBG Consensus: 83.3% BUY.

2022.06.21.Structured product
BRC Low-Strike Autocallable | Product Snapshot

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