Although the software space proved relatively resilient throughout the COVID-19 pandemic, those serving highly affected industries like travel and hospitality were certainly not immune to the challenging environment. Just over a year later, the silver lining for companies like Agilysys (AGYS) is in the easier comparisons ahead.
Read MoreFedEx (FDX) provided a glimpse into how e-commerce is trending to start the year. Despite inclement winter weather in mid- to late-February, which had a pronounced impact on revenues and costs at quarter-end, FedEx delivered fiscal Q3 ’21 results ahead of expectations.
Read MoreWe have included several news items from last week to this week’s recap as there were some notable developments during the shortened holiday week. The most pertinent to us was the publication of the United States Postal Services’ monthly trial balance data prior to Thanksgiving, which revealed a 39% Y/Y increase in PC Postage revenue in October.
Read MoreMonthly data from the United States Postal Service (USPS) revealed an ongoing trend of robust growth in PC Postage revenue, leaving us confident that Stamps.com (STMP) remains poised for another meaningful beat and raise this quarter.
Read MoreWith the unofficial end of summer upon us, the recent run of multiple expansion across the software sector has also seemingly ground to a halt. The week began with Zoom Video Communications (ZM) shattering Street expectations once again as the company continued to benefit from heightened demand amidst the COVID-19 pandemic.
Read More