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These financials don't look great. They earned $219M last year and $205M the year before. That's a top-line revenue growth rate of around 6% -- more common for
by calcsam 8y ago
These financials don't look great.
They earned $219M last year and $205M the year before. That's a top-line revenue growth rate of around 6% -- more common for an old-line company like IBM.
SaaS startups are supposed to have revenue growth >30% when they hit IPO, and the best ones have even higher -- Twilio had ~70%.
- Cthulhu_ 8y agoSupposed to? I dunno, 6% is respectable and if I were an investor, it sounds like a safe bet. Unlike 30-70%, that just tells me they've been dedicating resources on growth, probably using backhanded techniques, instead of their product and profitability. Plus as another commenter pointed out, it's not a startup, it's nearly two decades old now. What were their growth rates 20 years ago?
- jgalt212 8y agoTrue, but after 20 years, shouldn't they have figured out a way to take in more money than they spend?
- InterestBazinga 8y agoInteresting. I thought start ups are commonly not in profit
- Sovietaced 8y agoRevenue does not imply profits.
- davidstoker 8y agoRevenue !== profit. One would expect revenue to be growing at a steady clip with profit coming later when costs are decreased
- barbegal 8y agoThe OP is using "earned" in the colloquial sense to refer to revenue. Earning before interest and tax (EBIT) were a loss of $35 million in 2016 and a loss of $21 million in 2017
- yumraj 8y agoIt was founded in 1999 (https://en.wikipedia.org/wiki/SurveyMonkey https://en.wikipedia.org/wiki/SurveyMonkey). It's not a Startup, it's a 19 year old company providing Internet based service.