Q4 2021 Software & Technology Public Market Update
In our Q4 2021 Software & Technology Public Market Update Report...
August 1, 2021. MPG actively monitors public equity market activity and stays abreast of industry trends, financial performance, and notable investment activity. In our Earnings Roundup, readers will explore a dive into a record-setting quarter of earnings releases across the S&P 500 with a specific focus on the Technology sector. Led by the Big Five Tech firms, revenue growth and EPS performance beat expectations nearly across the board with 96.8% of companies that have reported to-date surpassing analyst’s forecasts.
With the COVID-driven volatility having subsided, the current window of stability has created a boon of pent-up demand for investing and M&A activity within S&P 500-tracked Technology companies. Over $220 billion of R&D and CapEx spending has been deployed by companies within the sector within the last twelve months while cash is being invested in M&A transactions at a significantly higher rate than the previous twelve-month period.