GP Bullhound is a technology advisory and investment firm that provides transaction advice and capital to entrepreneurs and founders. The other big positive delta in the individual business lines was actually around a better than expected PC market, bad but not as bad with signs of a bottoming Windows OEM revenue decreased 28% vs 39% last quarter (the market was expecting it to decline in the mid 30s). Poor end demand, continued inventory destocking and further ASP declines have all hurt. message, contactez-nous l'adresse Ci pour nous faire part du problme. las molestias. Become a Bullhounder At GP Bullhound, we are launching a new centre of excellence and innovation based in Malaga, one of the fastest-growing tech destinations in the world. In particular were concerns around pricing that STMicro would start to decrease prices of its products. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. As an Anglo-Swedish team we found the UK Competition and Markets Authority response to be somewhat missing the point, showing misunderstanding of the market and innovation, and what would ultimately be a better deal for consumers (vs. Sonys dominance in consoles). Having started his career in 2011, Martin has 10 years+ experience in technology M&A and has advised on more than 40 successful transactions. We still see strong demand for power semiconductors, especially in the Automotive segment. For more information, please visit www.gpbullhound.com. Jan 20, 2023 - Investment Banking Analyst in New York, NY Recommend CEO Approval Business Outlook Pros Fun team, fresh take on IB culture (more relaxed), global travel perks, fantastic work-life-balance for a bank Cons Cloud update after Microsoft, Google & Amazon results & Activision deal fallout. We think hyperscaler capex will amount to ~$160bn this year. Platform Malaga, Spain View job ["en"] Group Finance Associate - Manchester . We think this will drive further upgrades for Infineon and that the consensus estimates for earnings will move higher. GP Bullhound | 24,843 followers on LinkedIn. Jan 2018 - Present5 years 4 months. en 2019. an. Not consenting or withdrawing consent, may adversely affect certain features and functions. In Q1, we continue to innovate across our products. envie um e-mail para Nous sommes dsols pour la gne occasionne. Disculpa Aiutaci a proteggere Glassdoor dimostrando che sei una persona reale. scusiamo se questo pu causarti degli inconvenienti. In 2023, US and European companies will follow the example of Chinese companies Pinduoduo, Meituan Youxuan, and Jingxi PinPin by offering group buying (consumers jointly purchasing items in bulk at cheaper prices) and live shopping (buying products presented on influencer live streams), The market expects a major downturn in semicap equipment spending, but we expect the battle for tech leadership, tech sovereignty, and structural demand shortage in trailing edge nodes to result in spending above market expectations. If you continue to see this Bitte helfen Sie uns, Glassdoor zu schtzen, indem Sie besttigen, dass Sie Caso continue recebendo esta mensagem, om ons te informeren over dit probleem. Reels monetization efficiency is up over 30% on Instagram and over 40% on Facebook quarter-over-quarter. 11, 2023 - 3rd-Year Analyst in New York, NY Pros Good learning opportunities and nice enough people. Nous sommes dsols pour la gne occasionne. Per Roman, Managing Partner, and Alec Dafferner, Partner at GP Bullhound, commented: Although we are in an economic downturn, technology has not failed us, and it is never as good or as bad as valuations may imply. Data Engineer/ Architect - GP Bullhound Manchester, Manchester, United Kingdom Platform Group Finance Associate - Manchester London, United Kingdom Investment Banking Investment Banking Associate/Vice President Frankfurt, Munich, Berlin, Germany Investment Banking Investment Banking Intern - Frankfurt, Berlin, Munich Paris, le-de-France, France message, contactez-nous l'adresse London, England, United Kingdom 51-100 Investment Bank Early Stage Venture, Late Stage Venture, Secondary Market www.gpbullhound.com 9,331 Highlights Funds 2 Acquisitions 2 Investments 95 Diversity Investments 1 The technical storage or access that is used exclusively for anonymous statistical purposes. The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes. Wir entschuldigen uns fr die Umstnde. Aydanos a proteger Glassdoor y demustranos que eres una persona real. Tlphone : 04 76 66 85 10. We also think there is probably more upside around margins to come and continue to hold it as a core position within our portfolio. scusiamo se questo pu causarti degli inconvenienti. Help ons Glassdoor te beschermen door te verifiren of u een persoon bent. enva un correo electrnico a message, please email New Gp Bullhound jobs added daily. los inconvenientes que esto te pueda causar. Longer term, we think the incumbent enterprise software businesses (like ServiceNow) are well placed to increase ARPUs through upsell of AI features and capabilities over time. per informarci del problema. On the call CEO Pat Gelsinger spoke to PC inventory correction largely being done (datacentre a little further behind) and a better second half really reflecting what weve heard elsewhere in the chip sector. At GP Bullhound, ambition fills the rooms and halls of our global offices and anywhere you find a member of our team. This outlook reflects our ongoing build out of AI capacity to support ads, Feed and Reels, along with an increased investment in capacity for our generative AI initiatives. We are sorry for the inconvenience. Remember Satya Nadella spent a good deal of Ignite this year talking about how much money do more with less his customers could save by bundling their solutions. Not consenting or withdrawing consent, may adversely affect certain features and functions. What were seeing is a correction and a return to looking at company fundamentals. questo messaggio, invia un'email all'indirizzo CTV blends everything for marketers: Brand building, targeted customer acquisition and sales, all with clear feedback for better ROI, The ongoing energy crisis will galvanise consumer demand for home energy-saving systems, with market CAGR estimates as high as c19%, 2023 will see a significant push towards consolidation in the cyber-security space, driven by the trend towards end-to-end Zero Trust capability from vendors across every piece of the cyber security stack. Bitte helfen Sie uns, Glassdoor zu schtzen, indem Sie besttigen, dass Sie London gpbullhound.com Joined October 2009. . Help ons Glassdoor te beschermen door te verifiren of u een persoon bent. Stay Connected.Get the latest News & Insights. naar It means that, in addition to being able to sell its AI capabilities through Google Cloud, Google can benefit via reinforcing competitive advantages around its search business. by applying a large language model to every query), is to make its advertisers campaigns more effective, in terms of bidding and the search ads shown. At the turn of the century, Robert Vice President of Communications - GP Bullhound. Join BULLHUB Texas Instruments (not owned) beat the quarter though the guide was disappointing it implies revenue decelerates further into the year (-11% yr/yr Q1 to -17% yr/yr in Q2). Intel needs to spend to try to compete we spoke last week about the level of catch up required in terms of ASML tools we think that will continue to be a driver of orders for all the semicap players this year. an. On the forward guidance numbers given we think Microsoft will add about double the dollar value in the next quarter ($600m vs ~$300m for Amazon). Portfolio view: We own Amazon, albeit a relatively smaller position in the portfolio given what we think is a lagging capability vs Google and Microsoft in AI. To provide the best experiences, we use technologies like cookies to store and/or access device information. GP Bullhound is a technology investment bank providing independent strategic advice on Mergers & Acquisitions and Capital raising to leading technology entrepreneurs, companies and investors. Aiutaci a proteggere Glassdoor dimostrando che sei una persona reale. For more information, please visitwww.gpbullhound.com. EnquiriesFor enquiries, please contact:Inge Heydorn, Partner, atinge.heydorn@gpbullhound.comJenny Hardy, Portfolio Manager, atjenny.hardy@gpbullhound.comNejla-Selma Salkovic, Analyst, atnejla-selma.salkovic@gpbullhound.com. para informarnos de que tienes problemas. Martin Rezaie is Partner and Head of the Frankfurt office at GP Bullhound. Please help us protect Glassdoor by verifying that you're a Elsewhere, cost cutting continues to be a feature of most of the results were seeing and tech overall is well placed to exercise cost control (typically high gross margins gives it a lot of flexibility in the cost structure) thats one of the ways we think tech can drive earnings growth materially higher than the market this year and one of the things which keeps us optimistic overall. Founded in 1999 in London and Menlo Park, the firm today has 12 offices spanning Europe, the US and Asia. Tech Thoughts Newsletter 28 April 2023. message, please email Si continas recibiendo este mensaje, infrmanos del problema Of course, Microsoft would still offer Call of Duty for sale as it already is in the traditional console universe so Playstation users could still play it as they can already there is no way Microsoft would stop selling it on Playstations platform, because it would make no economic sense for them to do that. enviando un correo electrnico a All metrics including profitability and cash flow (which we focus on in the portfolio) were very strong, well above market consensus expectations. Outside of their core businesses, the thing we were focused on is the amount of capex they are all spending around building out their own AI capabilities. . para nos informar sobre o problema. By creating this job alert, you agree to the LinkedIn User Agreement and Privacy Policy. Please enable Cookies and reload the page. enviando un correo electrnico a para informarnos de que tienes problemas. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. The issue for Meta as it relates to return on invested capital (which is always our focus) is that, even if theyre able to catch up with the old targeting success metrics, this is likely a structural increase in cost/capex (server costs), because in order to stay ahead in AI, there is a constant refresh cycle necessary thinking about returns, a 5pp structurally higher capex/sales ratio brings asset turns down and leaves you with a structurally lower returns (which should feed through to valuation). Thank you for your interest in joining GP Bullhound. Microsoft is really the first company of scale to genuinely have AI products which are being bought by users, not only benefiting from increased ARPUs but also by attracting new users (forever the challenge for Microsofts incumbent position). Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. Separately but staying on regulation, Microsoft has stopped bundling Teams with Office 365 after a complaint by rival slack which claimed Microsofts practice of bundling the two services was anti-competitive. GP Bullhound is a leading technology advisory and investment firm, providing transaction advice and capital to the world's best entrepreneurs and founders. to let us know you're having trouble. Platform . Our AI work is also improving monetization. Si continas viendo este mensaje, The technical storage or access that is used exclusively for statistical purposes. Si continas recibiendo este mensaje, infrmanos del problema Cloud streaming is an alternative to console streaming and buying the game outright. GP Bullhound is a leading technology advisory and investment firm with deep expertise in software, digital services, fintech, digital media and marketplaces. Tech Thoughts Newsletter 21 April 2023. Get email updates for new Gp Bullhound jobs in Worldwide. Regulation is always on the agenda for tech, so nothing really new here. . Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you. This week covers the Cloud update after Microsoft, Google and Amazon's results, the semiconductor cycle update, and the Activision deal fallout. Caso continue recebendo esta mensagem, STMicro (not owned) also reported slightly better results and guidance. We are always on the lookout for talented individuals to join our diverse team of over 40 nationalities spread across our 12 offices around the world. The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user. - - GP Bullhound Jobs (April 2023) - - GP Bullhound Hiring for 9 positions Get all startup jobs from - - GP Bullhound in your inbox What job are you looking for? verdade. In targeting, we updated search keyword relevance using the latest natural language AI from MUM models to improve the relevance and performance of shown ads when there are multiple overlapping keywords eligible for an auction. The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network. scusiamo se questo pu causarti degli inconvenienti. Contactez-nous. GP Bullhound offers an exciting opportunity to build a truly international career, working with some of the most innovative companies in the technology sector. Founded in 1999 in London and Menlo. Ci message, contactez-nous l'adresse To provide the best experiences, we use technologies like cookies to store and/or access device information. GP Bullhound is a leading technology advisory and investment firm, providing transaction advice and capital to the world's best entrepreneurs and founders. Please help us protect Glassdoor by verifying that you're a Communaut de communes Bivre Isre. Ci A profound time for companies, those quick to adopt will gain a vital competitive edge and we look for still-high investment in a market enjoying a c30% CAGR, TikTok is diverging with the social media peers, with advertising revenue set to almost triple, to $13.8bn, by 2026. To provide the best experiences, we use technologies like cookies to store and/or access device information. Where? The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network. Lieu-dit Croix Ferrier 2 chemin de la Pierre 38590 Saint-tienne-de-Saint-Geoirs. On AI, after all the blunders weve seen this year, Google was keen to reassure the market that AI is a core capability and something theyve been investing in for a long time we agree with that and as weve said before, were much less worried than the market about the threat to Googles core business. para nos informar sobre o problema. Robert Ahldin is a Partner at GP Bullhound Asset Management, advising the GP Bullhound Funds on investments in technology companies. On Activision Blizzard (owned) we continue to think that, with or without the deal, the company is well positioned in the gaming market. Wir entschuldigen uns fr die Umstnde. Als u dit bericht blijft zien, stuur dan een e-mail verdade. We expect market consolidation and the creation of powerful integrated platforms in 2023, We predict increased funding in technologies that employ environmentally-friendly practices to improve sustainability, as well as companies with resource-efficient supply chain processes, We expect increased M&A in a well-funded industry, separating successfully scaling robotic companies from innovator-only players, Social media companies are pivoting from digital advertising to social commerce, which will reach a global market value of $3.8tn in 2030. About GP BullhoundGP Bullhound is a leading technology advisory and investment firm, providing transaction advice and capital to the worlds best entrepreneurs and founders. Gross margin is still in the doldrums 37.5% (where Intel used to be comfortably in the 60s that all speaks to lower utilisation, lower demand for its products and we think, share losses). Advertising (Search and Youtube) wasnt as bad as feared Google search landed back into positive growth territory, while YouTube is still declining (-3%, but less than the -8% we saw last quarter).Google search still proving more resilient than YouTube which reflects with what we expected in terms of less impact from ATT and new competition (and also allays some fears on the Bing threat..). KLA and ASMI reporting in the semicap equipment space. The technical storage or access that is used exclusively for anonymous statistical purposes. Please enable Cookies and reload the page. GP Bullhound Jobs Create Alert Find Jobs Filter your search results by job function, title, or location. For more . The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network. For any enquiry, please contact recruitment@gpbullhound.com Please view our data protection privacy notice for candidates here. Si vous continuez voir ce Samsung gave colour on its capex for this year expecting it to stay at a similar level as last year positive for semicap names where a cut had been anticipated. Sie weiterhin diese Meldung erhalten, informieren Sie uns darber bitte per E-Mail Wir entschuldigen uns fr die Umstnde. pour nous faire part du problme. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you. Please enable Cookies and reload the page. Vice President of Communications - GP Bullhound, Investment Banking Intern - Frankfurt, Berlin, Munich, Women in Banking - Germany - Virtual Networking Session. Get notified about new Gp Bullhound jobs in Worldwide. las molestias. Lamentamos Aydanos a proteger Glassdoor y demustranos que eres una persona real. questo messaggio, invia un'email all'indirizzo Se continui a visualizzare Stay Connected.Get the latest News & Insights. las molestias. About GP BullhoundGP Bullhound is a leading technology advisory and investment firm, providing transaction advice and capital to the worlds best entrepreneurs and founders. ein Mensch und keine Maschine sind. Outside of tech earnings, the main take is that the consumer still seems to be holding up well, particularly in the US, so still question marks around the shape and timing of any recession remain. If you continue to see this envie um e-mail para ASMI (not owned) was more of the same memory weakness continues and some push outs in leading edge foundry offset by strength in China spending on mature nodes. enva un correo electrnico a verdade. For more information, please visit www.gpbullhound.com. excuses voor het ongemak. If you continue to see this The technical storage or access that is used exclusively for anonymous statistical purposes. They very slightly nudged the guidance to the higher end of the previous range (now 23-23.5% yr/yr growth); The CEO commentary was more of what we heard last quarter around customers consolidating spend around their platform products which speaks to the idea that theyre benefiting from consolidation of spend around them and some of the same bundling/suite effect that Microsoft is also benefiting from. enviando un correo electrnico a Aiutaci a proteggere Glassdoor dimostrando che sei una persona reale. Aydanos a proteger Glassdoor verificando que eres una persona real. It still represents a very rough end market but it is getting better, and we do think inventory has largely cleared. Als u dit bericht blijft zien, stuur dan een e-mail Apply for investment banking, investment management and operations roles. Amazons AWS business makes all (and more) of its total operating profit, effectively financing the still loss making ecommerce business. While opex costs are being reduced, Meta is keeping its capex guide, which speaks to the necessity to spend: We expect capital expenditures to be in the range of $30-33 billion, unchanged from our prior estimate. We are sorry for the inconvenience. per informarci del problema. Lamentamos pelo inconveniente. ein Mensch und keine Maschine sind. The technical storage or access that is used exclusively for statistical purposes. GP BULLHOUND RELEASES TECHNOLOGY PREDICTIONS 2023 REPORT. enva un correo electrnico a The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user. Ci Amazon (owned) beat forecasts. Infineon and NXP will both report next week, Memory market benefitting from content increases around AI, utilisation starting to have the desired effect. Aiutaci a proteggere Glassdoor dimostrando che sei una persona reale. Ajude-nos a manter o Glassdoor seguro confirmando que voc uma pessoa de 28 April 2023 - Our weekly market round-up with our public market team: Inge Heydorn, Partner; Jenny Hardy, Portfolio Manager; and Nejla-Selma Salkovic, Analyst. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you. Aidez-nous protger Glassdoor en confirmant que vous tes une personne relle. This button displays the currently selected search type. GP BULLHOUND'S WEEKLY REVIEW OF THE LATEST NEWS ON THE PUBLIC MARKET. Portfolio view: We continue to think that, alongside our chip exposure, Microsoft is our clearest winner in AI, both by being able to upsell and monetise AI across its half a billion Office users AND by being able to gain market share and workloads within Azure, which we have even more confidence in after this set of results. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. enva un correo electrnico a los inconvenientes que esto te pueda causar. The technical storage or access that is used exclusively for statistical purposes. You can unsubscribe from these emails at any time. Bitte helfen Sie uns, Glassdoor zu schtzen, indem Sie besttigen, dass Sie GP Bullhound offers an exciting opportunity to build a truly international career, working with some of the most innovative companies in the technology sector. The industry wide supply cuts should start to feed through to ASPs from Q2, though we expect all players could still report a similar level of losses. Infos. Today's top 9 Gp Bullhound jobs. Aydanos a proteger Glassdoor verificando que eres una persona real.