Nvidia has experienced a significant boost in revenue thanks to the AI boom, with its fourth-quarter revenue reaching $22.1bn, a 22% increase compared to the previous quarter and a 265% increase compared to the same period last year. The company’s dominance in the AI chips market has contributed to its strong earnings, and its CEO believes that accelerated computing and generative AI have reached a tipping point.
N-able has announced its fourth quarter and full-year 2023 results. Total year revenue growth was 13.5%, subscription revenue growth was 13.7%, and an adjusted EBITDA margin of 34%. For the year, N-able expects total revenue from $460 million to $465 million, representing 9% to 10% year-over-year growth.
Syncro CEO Emily Glass is stepping down after two-and-a-half years. Glass expressed gratitude to the Syncro team and mentioned her plans to reflect, refresh, and refocus before her next adventure. Glass’s departure follows her successful tenure in promoting diversity and implementing initiatives to support MSPs. The company has already initiated a search for a new CEO and will announce the appointment soon.
Also, a startup listing: MSPX is a platform that introduces the first marketplace for buying and selling managed services contracts. It streamlines operations for service providers, opens up new avenues for profitability, and enhances the overall efficiency of the industry. Founded in 2024 by Matt Yesbeck, MSPX aims to address the industry gap and tap into the growing need for digital transformation and efficient service management.
Why do we care?
Nvidia up bit – that’s a remarkable earnings call. That’s a crazy growth market. You tell me if N-Able’s projected 10% growth is exciting. Disclosure, I’m a shareholder.
A tip of the hat to Emily Glass. She’s always been a class act. Leadership transitions can signal shifts in corporate strategy, priorities, and potentially open new avenues for innovation and market positioning… but that’s not today, so wait until something happens next.
Now listeners, you tell me if a marketplace for buying and selling contracts makes sense. I’m reasonably skeptical of that – either buy the company, or do an asset transaction. But what do you think?