May 19, 2020

SurveyMonkey enjoys profitable first quarter since going public

SaaS
Cloud
Nasdaq
Sky
Block Scientific Inc
2 min
SurveyMonkey enjoys profitable first quarter since going public

California-based tech company SurveyMonkey has reported an 18% increase in revenue during its first quarter as a publicly-listed entity.

This is according to the company’s first earnings report since it went public in late September and is said to have been supported by enterprise sales.

The company debuted on the NASDAQ and trades under SVMK. Stocks reportedly rose 3% following the financial report.

See also:

Salesforce.org: embracing innovative technology to enable social good

UW Health chooses Oracle Cloud as a major new technology partner

North America edition of Business Chief – latest issue out now!

The company predicts this growth to continue, saying sales are set to reach around $65mn in Q4. According to CNBC, full year revenue is expected to reach between $251.2mn and $253.2mn.

In its shareholder letter, the company said: “We’re still early in the development and expansion of our sales-assisted strategy and we saw great traction with our sales efforts during the quarter, signing agreements with companies such as LinkedIn, Nasdaq, Sky and Intercom.

“By selling SurveyMonkey to these enterprises, we expect to accelerate paying user growth and increase both monetisation and retention within organisations.”

SurveyMonkey, a cloud-based SaaS company which provides survey development for businesses and private users, was founded in 1999 and is based in San Mateo. Its suite of paid-for software includes data analytics, sample selection and bias elimination tools.

Share article

Jun 18, 2021

Intelliwave SiteSense boosts APTIM material tracking

APTIM
Intelliwave
3 min
Intelliwave Technologies outlines how it provides data and visibility benefits for APTIM

“We’ve been engaged with the APTIM team since early 2019 providing SiteSense, our mobile construction SaaS solution, for their maintenance and construction projects, allowing them to track materials and equipment, and manage inventory.

We have been working with the APTIM team to standardize material tracking processes and procedures, ultimately with the goal of reducing the amount of time  spent looking for materials. Industry studies show that better management of materials can lead to a 16% increase in craft labour productivity.

Everyone knows construction is one of the oldest industries but it’s one of the least tech driven comparatively. About 95% of Engineering and Construction data captured goes unused, 13% of working hours are spent looking for data and around 30% of companies have applications that don’t integrate. 

With APTIM, we’re looking at early risk detection, through predictive analysis and forecasting of material constraints, integrating with the ecosystem of software platforms and reporting on real-time data with a ‘field-first’ focus – through initiatives like the Digital Foreman. The APTIM team has seen great wins in the field, utilising bar-code technology, to check in thousands of material items quickly compared to manual methods.

There are three key areas when it comes to successful Materials Management in the software sector – culture, technology, and vendor engagement.

Given the state of world affairs, access to data needs to be off site via the cloud to support remote working conditions, providing a ‘single source of truth’ accessed by many parties; the tech sector is always growing, so companies need faster and more reliable access to this cloud data; digital supply chain initiatives engage vendors a lot earlier in the process to drive collaboration and to engage with their clients, which gives more assurance as there is more emphasis on automating data capture. 

It’s been a challenging period with the pandemic, particularly for the supply chain. Look what happened in the Suez Canal – things can suddenly impact material costs and availability, and you really have to be more efficient to survive and succeed. Virtual system access can solve some issues and you need to look at data access in a wider net.

Solving problems comes down to better visibility, and proactively solving issues with vendors and enabling construction teams to execute their work. The biggest cause of delays is not being able to provide teams with what they need.

On average 2% of materials are lost or re-ordered, which only factors in the material cost, what is not captured is the duplicated effort of procurement, vendor and shipping costs, all of which have an environmental impact.

As things start to stabilise, APTIM continues to utilize SiteSense to boost efficiencies and solve productivity issues proactively. Integrating with 3D/4D modelling is just the precipice of what we can do. Access to data can help you firm up bids to win work, to make better cost estimates, and AI and ML are the next phase, providing an eco-system of tools.

A key focus for Intelliwave and APTIM is to increase the availability of data, whether it’s creating a data warehouse for visualisations or increasing integrations to provide additional value. We want to move to a more of an enterprise usage phase – up to now it’s been project based – so more people can access data in real time.

 

Share article