Posted by Sacha in /dev/null, Finance.
RHT just posted its FY10 results and they are very good and this, despite a weak US+EU economy and weak USD currency during that period.
Yet, some analysts have been negative about it and, consequently, after-hours trading was down -3.x%.
The best comment is probably from Katherine Egbert (Jefferies & Co), who wrote “They gave a conservative forecast. Given that the economy is in recovery and IT spending is improving, the question is why,”. You are wondering why?!? Where did you see that the economy is in recovery? Homes sales have hit their record low, unemployment rate has hit its record high, IT spending for SMB is low and will only marginally increase in 2010, etc.
The economy is doing fine, the economy is doing fine, the economy is doing fine… It seems Mr. Coué still has quite a few adepts.
Posted by Sacha in English, IT.
I am very happy to report that eXo has successfully raised 6m USD from two leading French VCs (Auriga Partners and XAnge Capital). Also, Bob Bickel will step up as chairman of eXo’s BoD. As announced a few months back, I am an advisor to eXo and I’ve also participated to this investment round.
I’ve always been impressed by eXo’s product portfolio, both in terms of width and depth. Yet, while eXo is well-known and has very solid references in France (Orange, M6, Geneva State, Generali, etc.), they are pretty much unknown in the USA. This is not surprising though: this is the result of a complete lack of sales presence in the USA and no marketing activities. Consequently, with this investment, eXo will accelerate their U.S. operations and recruit some key talents.
And this acceleration has already started: Katie Poplin, fame of JBoss’s marketing machine, has recently joined eXo as their worldwide marketing director (Katie was the steam engine behind all JBoss World events). And in case you didn’t know that yet, the highly talented Chantal Yang is behind eXo’s PR machine (through PageOne).
This is going to be a fun ride! Onward,