, 10 tweets, 3 min read Read on Twitter
$TWLO, $TEAM, $VEEV, $WDAY & $DBX lead the software universe in terms of 5 yr average sales efficiency per DA Davidson
$AYX, $OKTA, $MDB & $SMAR are younger stand outs in terms of sales efficiency.
Davidson looks at the "Rule of 40" a bit differently. Focuses on growth and free cash flow margins instead of EBITDA margins causing $TEAM, $ADBE, $ADSK, $ZS & $CHKP to look pretty sharp.
$LOGM,, $DBX, $CLDR, $VRNT & $BOX look attractive on a Rule of 40 vs EV /CY20E revenue multiple
$SMAR organic growth rate in the upcoming quarter looks absolutely stellar. ( $CLDR, $TWLO & $MDB have all done significant M&A over the last yr )
But $SMAR growth driven in large part by significant spend relative to cash flows.
$PRO showing huge sequential growth in hiring
& Yr/Yr
Always interesting how employee count tracks revenue growth...
No surprise that $JCOM with it acquisition & subsequent right sizing strategy ranks dead last on Glassdoor
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