Listed below are some highlights of two modern corporations that beat expectations due to the rising demand for provide chain options and cybersecurity. We additionally talk about a groundbreaking know-how that helps to deal with nearsightedness.
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ROBO: Manhattan Associates Beats Income & Earnings Expectations
Manhattan Associates (NASDAQ: MANH), a number one supplier of unified omnichannel and digital provide chain options and a member of our ROBO index, works with blue chip prospects worldwide, reminiscent of DHL, Adidas, Sysco, and Walgreens Boots Alliance. The corporate beat expectations on income and earnings for the second quarter and raised steerage for the second time this 12 months, seeing outperformance throughout the board throughout verticals reminiscent of retail, manufacturing, and wholesale.
There was additionally demand from each new and current prospects, representing roughly a 50/50 break up of complete bookings for the second quarter. Over the past quarter, Manhattan Associates went reside with over 100 new cloud prospects who have been on the lookout for methods to higher navigate sophisticated provide chains and inflationary stress with higher operations and stock administration. Additionally breaking development vs most others, the corporate employed over 300 folks within the first half of the 12 months whereas shopping for again inventory – exhibiting administration’s sturdy confidence.
THNQ: AI-powered Safety Supplier Posts Highest Billings in Years
Palo Alto Networks, a worldwide cybersecurity chief and a member of the THNQ index, delivered sturdy billings efficiency with better-than-expected steerage for fiscal 2023. Revenues elevated 27% YoY, whereas billings rose 44% YoY—the very best they’ve reported in 4 years—pushed by sturdy demand for its cloud-based firewall options. Whereas provide constraints will likely be a headwind for a number of quarters, they’re beginning to see indicators of easing.
Over the approaching quarters, Palo Alto Networks ought to proceed to profit from cybersecurity tailwinds as prospects hunt down AI-driven options for sooner detection and investigations amid rising digital threats. With a brand new product cycle of their next-generation platform, $925m inventory buyback program and robust steadiness sheet, Palo Alto Networks is poised to outperform its friends.
HTEC: Nearsightedness No Extra? Staar Surgical’s Imaginative and prescient is Crystal Clear
HTEC member Staar Surgical simply launched within the US, and we consider this can drive a brand new period of progress for years to come back. Staar is the worldwide producer of a proprietary EVO Implantable Collamer Lens (ICL), which is implanted within the eye to deal with myopia, or nearsightedness. The EVO process is very efficient and competes with different therapies for myopia, reminiscent of eyeglasses, contact lenses, or different surgical procedures like LASIK. Not like contacts, EVO doesn’t trigger dry eye. Moreover, the EVO process wholly preserves the attention and is 100% reversible—not like LASIK, which makes use of a laser to chop tissue from the entrance of the cornea, which is a everlasting alteration.
Since launching in China in 2006, Staar Surgical has achieved 20% market share. Regardless of the latest lockdowns in China, the corporate just lately introduced one other report quarter. We consider this momentum will likely be sustained following FDA approval and US launch earlier this 12 months. To make sure this, Staar has invested closely in advertising and marketing, together with the latest partnership with Joe Jonas to share his personal optimistic EVO expertise along with his 30 million followers on social media.
