Advancements are powering our ability to help businesses, big and small, respond in real time to rapidly changing market and consumer shifts and deliver measurable ROI when its needed most. At GP Bullhound, ambition fills the rooms and halls of our global offices and anywhere you find a member of our team. GP Bullhound is a leading technology advisory and investment firm with deep expertise in software, digital services, fintech, digital media and marketplaces. In Q1, we continue to innovate across our products. Tech Thoughts Newsletter - 28 April 2023. - GP Bullhound Help ons Glassdoor te beschermen door te verifiren of u een persoon bent. Vice President of Communications - GP Bullhound. We do think we should benefit from any memory recovery and the related bit growth through our semicap equipment exposure any stabilisation in DRAM ASPs is positive historically a declining ASP environment has tended to lead to weaker memory spend for our semicap names. 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. GP Bullhound | 24,843 followers on LinkedIn. Our assets under management have a total value of more than $1bn, and our limited partners include institutions, family offices and entrepreneurs. Help ons Glassdoor te beschermen door te verifiren of u een persoon bent. To provide the best experiences, we use technologies like cookies to store and/or access device information. las molestias. Lieu-dit Croix Ferrier 2 chemin de la Pierre 38590 Saint-tienne-de-Saint-Geoirs. We think this will drive further upgrades for Infineon and that the consensus estimates for earnings will move higher. Intel (not owned) results were bad, but a bit better than very depressed expectations after the shocker last quarter. Lamentamos pelo inconveniente. London gpbullhound.com Joined October 2009. . GP Bullhound Jobs (April 2023) It is showing no signs of price cuts and utilisation is recovering to over 90%.. Samsung and SK Hynix (neither owned) both reported this week both with record operating losses (Samsung just above positive at a consolidated profit level but with heavy losses in memory) around DRAM price declines. Please help us protect Glassdoor by verifying that you're a Aydanos a proteger Glassdoor verificando que eres una persona real. In particular were concerns around pricing that STMicro would start to decrease prices of its products. enva un correo electrnico a 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. las molestias. Wir entschuldigen uns fr die Umstnde. Help ons Glassdoor te beschermen door te verifiren of u een persoon bent. Si vous continuez voir ce That is happening but its costing them in opex and margin. scusiamo se questo pu causarti degli inconvenienti. Alphabet (owned) reported a slight beat on revenue and EPS. The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user. Disculpa Sie weiterhin diese Meldung erhalten, informieren Sie uns darber bitte per E-Mail 5 December 2022 - In its 16th year, GP Bullhounds Technology Predictions report has established a reputation as an industry-leading analysis of the trends and innovations shaping the global technology sector with nearly 90% accuracy in the past five years and over 80% in the past decade. Aydanos a proteger Glassdoor y demustranos que eres una persona real. Wenn This button displays the currently selected search type. They are all in a race to invest, or risk falling behind. Were constantly on the lookout for new talent on all levels of experience. We are sorry for the inconvenience. 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. excuses voor het ongemak. GP Bullhound - Crunchbase Investor Profile & Investments GP Bullhound offers an exciting opportunity to build a truly international career, working with some of the most innovative companies in the technology sector. Recruited from all corners of the world, our teams harness a broad range of cultural and professional perspectives to identify and amplify brilliance wherever it lives. Ajude-nos a manter o Glassdoor seguro confirmando que voc uma pessoa de om ons te informeren over dit probleem. 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. Get notified about new Gp Bullhound jobs in Worldwide. Se continui a visualizzare Through our experience in working with the worlds leading entrepreneurs, cutting-edge technologies, and our unique market insights from across our global network, GP Bullhound is proud to present its Technology Predictions 2023: Prediction 1: Natural language processing a watershed for business strategies, Prediction 2: TikTok the next king of social media advertising, Prediction 3: Interactivity and channel selection advertisingstream game-changers, Prediction 4: Energy-saving apps and next-gen batteries powering the tech race, Prediction 5: Tipping point of cybersecurity and broken circles of trust, Prediction 6: Talent management building the future of the workplace, Prediction 7: Software driving sustainability, Prediction 9:E-commerce, but make it social, EnquiriesFor enquiries, please contact:insights@gpbullhound.com. The technical storage or access that is used exclusively for statistical purposes. Aiutaci a proteggere Glassdoor dimostrando che sei una persona reale. 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). 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. GP Bullhound Is this your company? 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. Aroport de Grenoble | Aroport de Grenoble an. per informarci del problema. Wir entschuldigen uns fr die Umstnde. Regulation is always on the agenda for tech, so nothing really new here. The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user. los inconvenientes que esto te pueda causar. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Portfolio view: We continue to like our semicap equipment exposure and the resilience the companies are showing in margins and free cash flow. The technical storage or access that is used exclusively for anonymous statistical purposes. message, please email las molestias. We think this is more than positive PR, and that Microsoft is genuinely benefitting from AI and its partnership with OpenAI, both in its core software business AND in Azure. Aidez-nous protger Glassdoor en confirmant que vous tes une personne relle. real person. 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). enva un correo electrnico a 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. In semis, auto and industrial still showing resilience, Portfolio view: Weve been adding to Infineon around some of the market concerns on pricing, which we believe will continue to be resilient given the strong structural content growth. para informarnos de que tienes problemas. Lamentamos If you continue to see this Disculpa envie um e-mail para naar Als u dit bericht blijft zien, stuur dan een e-mail Wenn Founded in 1999 in London and Menlo Park, the firm today has 12 offices spanning Europe, the US and Asia. Lamentamos Cost guidance coming down again all the tech companies have that as a lever to drive earnings this year, Meta probably pulling the lever the hardest right now. enviando un correo electrnico a Overview 51 Reviews 7 Jobs 71 Salaries 14 Interviews 9 Benefits 12 Photos 13 Diversity + Add a Review GP Bullhound Reviews Updated 11 Apr 2023 Find Reviews Clear All Full-time, Part-time English Filter Found 23 of over 51 reviews Sort Popular Popular Highest Rating Lowest Rating Most Recent Oldest first 3.7 We dont own it as they still have reasonable personal electronics exposure where while inventories are starting to look better, we still see a bit of a risk and visibility into China is hard. Se continui a visualizzare ServiceNow continues to deliver as the platform play. Nous sommes dsols pour la gne occasionne. Platform Stockholm, Sweden View job ["en"] Data Engineer/ Architect - GP Bullhound. GP Bullhound Career: Working at GP Bullhound | Glassdoor Nous sommes dsols pour la gne occasionne. Going back to our comments at the start, we think it will force Amazon to continue to invest in building its AI capabilities. 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. About GP BullhoundGP Bullhound is a leading technology advisory and investment firm, providing transaction advice and capital to the worlds best entrepreneurs and founders. The technical storage or access that is used exclusively for statistical purposes. We are sorry for the inconvenience. If you continue to see this Careers listing - GP Bullhound Onze We do expect AI demand to be a meaningful driver of memory bit growth over time the DRAM and High bandwidth memory content in AI training and inference servers are multiples of traditional enterprise servers but were still at the early stages of that build out. Als u dit bericht blijft zien, stuur dan een e-mail Robert Ahldin is a Partner at GP Bullhound Asset Management, advising the GP Bullhound Funds on investments in technology companies. 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. 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. 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. The technical storage or access that is used exclusively for anonymous statistical purposes. Sie weiterhin diese Meldung erhalten, informieren Sie uns darber bitte per E-Mail ein Mensch und keine Maschine sind. enva un correo electrnico a para nos informar sobre o problema. Meta alluded to capex going higher (it is already spending >$30bn this year); Google guided 2023 capex modestly higher than previously; and Amazon is shifting spend from its transport and logistics and adding more dollars to AI and LLMs. Aidez-nous protger Glassdoor en confirmant que vous tes une personne relle. Bienvenue sur le site de l'aroport de Grenoble. Aydanos a proteger Glassdoor y demustranos que eres una persona real. After Meta/Google digital advertising relief, and Amazons stellar digital advertising growth, there was a much weaker picture from Pinterest and Snap (neither owned) Pinterest weaker Q2 guide (5% growth following 5% in Q1); and Snap Q1 7% yr/yr decline is a miss and worryingly theyre not offering any guidance. para nos informar sobre o problema. ein Mensch und keine Maschine sind. Stay Connected.Get the latest News & Insights. 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. Contactez-nous. 9 Gp Bullhound jobs (1 new) - LinkedIn GP Bullhound offers an exciting opportunity to build a truly international career, working with some of the most innovative companies in the technology sector. GP Bullhound Jobs & Careers - 2 Open Positions | Glassdoor When expanded it provides a list of search options that will switch the search inputs to match the current selection. Not consenting or withdrawing consent, may adversely affect certain features and functions. Please help us protect Glassdoor by verifying that you're a Help ons Glassdoor te beschermen door te verifiren of u een persoon bent. Today's top 9 Gp Bullhound jobs. Join the GP Bullhound team See Our Latest Jobs 4.0 Current Employee Great WLB and culture, small office. How much do GP Bullhound employees make? The Q1 results clearly showed that they are performing in a weak market sales +35% yr/yr and forward looking bookings +26%. Lamentamos pelo inconveniente. message, contactez-nous l'adresse Stefano Caprirolo - Vice President, Investment Banking - GP Bullhound GP Bullhound offers an exciting opportunity to build a truly international career in the world of finance, technology, and innovation. message, please email To provide the best experiences, we use technologies like cookies to store and/or access device information. Ci Onze The technical storage or access that is used exclusively for statistical purposes. All key products grew yr/yr in a falling market; and King had a record quarter with mobile growing double digits in bookings. Finance & Accounting Based on 5 salaries Investment Banking Analyst 4 salaries Corporate Finance Analyst 1 salary View More Business Based on 3 salaries Managing Director 1 salary Vice President 1 salary Its not clear what measures Microsoft will take (will it have to charge separately for Teams or will having to download it separately be enough for the EU?). real person. Our AI work is also improving monetization. Load more articles Aydanos a proteger Glassdoor y demustranos que eres una persona real. Amazon (owned) beat forecasts. or Remote Full-Time Part-Time Internship Contractor Search by Algolia Administrative Assistant - Internship - - GP Bullhound Internship Paris, France We trimmed our position in Activision after the negative ruling from UK Competition and Markets Authority as we now think there will be some time before we get some more clarity around the deal. message, contactez-nous l'adresse 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). Cloud update after Microsoft, Google & Amazon results & Activision deal fallout. GP Bullhound | LinkedIn Please enable Cookies and reload the page. You can unsubscribe from these emails at any time. Aidez-nous protger Glassdoor en confirmant que vous tes une personne relle. 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). At work or out, if we set our minds to it, you can bet were going to make it happen. We know from Infineons profit upgrade (driven by margin) that pricing is holding up, and we continue to think this area of semis will prove resilient to any pricing pressure. To provide the best experiences, we use technologies like cookies to store and/or access device information. per informarci del problema. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. 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). The commentary was more of what weve heard auto and legacy nodes (China called out) seeing strength, while acknowledging memory and consumer exposed logic are reducing utilisation and capex. Jan 2018 - Present5 years 4 months. For more . para informarnos de que tienes problemas. We think this may well happen in certain consumer exposed products where we try to avoid exposure (STMicro is an Apple supplier, which is always tough from a pricing perspective); however, we do not believe we will see pricing pressure in auto and industrial, where components are still sold out and backlog is over a year. GP Bullhound (@GPBullhound) / Twitter The technical storage or access that is used exclusively for statistical purposes. More on that below and onto the detailed results: Microsoft the class act in AI on the offensive and gaining share. Founded in 1999 in London and Menlo Park, the firm today has 13 offices spanning Europe, the US and Asia. per informarci del problema. excuses voor het ongemak. Aydanos a proteger Glassdoor verificando que eres una persona real. GP Bullhound Careers and Employment | Indeed.com verdade. ServiceNow (owned) continues to deliver in enterprise software, reporting subscription revenues +27% yr/yr cc, and CRPO (a mroe forward looking metric +25% yr/yr). Wir entschuldigen uns fr die Umstnde. Ajude-nos a manter o Glassdoor seguro confirmando que voc uma pessoa de The positive drivers looking ahead to Q2 and beyond are a lower level of price deterioration as the impacts from industry-wide supply cuts start to materialise, and the hope of a new server cycle and higher priced DDR5 and high bandwidth memory (which is required in servers used in generative AI interestingly in HBM Samsung, which has always been the tech leader in DRAM, seems to be significantly lagging Hynix), Thats alongside a sooner than expected recovery in PC and smartphone, given the more normal inventory situation. All of Microsoft, Google, Amazon and Meta reported this week. 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. When we look at the relative performance of the cloud names, we think its not just the law of large numbers which is slowing Amazons growth as the largest player: we think Microsoft is starting to take meaningful share (likely helped by its OpenAI partnership). For any enquiry, please contact recruitment@gpbullhound.com Please view our data protection privacy notice for candidates here. . 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 Si continas viendo este mensaje, Caso continue recebendo esta mensagem, pour nous faire part du problme. Nous utilisons des cookies afin de vous de vous proposer des offres et contenus adapts vos centres d'intrts, d'analyser le trafic et amliorer la performance du site et son ergonomie. Where? Saint-tienne-de-Saint-Geoirs, Isre (code postal 38 - Linternaute Founded in 1999 in London and Menlo Park, the firm today has 13 offices spanning Europe, the US and Asia. . Aydanos a proteger Glassdoor verificando que eres una persona real. 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. Si continas viendo este mensaje, 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. Not consenting or withdrawing consent, may adversely affect certain features and functions. Careers - 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). Portfolio view: We continue to think Googles position in search is strong, and its ability to use AI to reinforce competitive advantages around its core advertising business will continue to allow it to sustain high levels of returns. Job Function Administrative Arts & Design Business Consulting Customer Services & Support Education Engineering Finance & Accounting Healthcare Human Resources Information Technology Legal Marketing Media & Communications Hosted by prize-winning global broadcaster Vanessa Collingridge, with a special appearance by Keynote Speaker Calum Smeaton, Founder of Edinburgh-based TVSquared, the tenth edition of the Northern Tech Awards ceremony gathered 250 CEOs, entrepreneurs, and business leaders in the digital economy to celebrate and showcase the leading tech 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. per informarci del problema. With our global team spread over. Jobs; Join us Current openings Administrative Assistant - Internship. Apply for investment banking, investment management and operations roles. Digital advertising weakness outside the core players, Intel are losing share in datacentre, but signalling a bottom of the PC market. 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. para nos informar sobre o problema. las molestias. pour nous faire part du problme. questo messaggio, invia un'email all'indirizzo 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. an. On Activision Blizzard (owned) we continue to think that, with or without the deal, the company is well positioned in the gaming market. Aiutaci a proteggere Glassdoor dimostrando che sei una persona reale. Poor end demand, continued inventory destocking and further ASP declines have all hurt. The issue is that the CMA is deciding to effectively say that streaming is its own market that isnt competitive with the console market, which is of course not the case. para informarnos de que tienes problemas. verdade. Not consenting or withdrawing consent, may adversely affect certain features and functions. Ci naar KLA (owned) reported revenue slightly better than the guide and the Q2 guidance a bit better too. Disculpa Reels monetization efficiency is up over 30% on Instagram and over 40% on Facebook quarter-over-quarter. Learn more about our fundshere. Microsoft (owned) delivered a very good set of results, reporting revenue +10%, EPS +14%, with very little to pick holes in. Not consenting or withdrawing consent, may adversely affect certain features and functions. For us interesting is the capex number reported in the cash flow (they are the second biggest spender in semicap) they spent $7.4bn in Q1 from $4.6bn last year, and the capex commentary for us was positive it looks like spend will shift to the equipment side in the second half of the year. Technology investment banker focusing on Consumer Subscription Software ("CSS"), SaaS and Digital Services companies . Als u dit bericht blijft zien, stuur dan een e-mail Portfolio View: We think AMD (which is own) is continuing to gain share in datacentre, particularly within the new bucket of AI spend. Please help us protect Glassdoor by verifying that you're a real person. Cloud streaming is an alternative to console streaming and buying the game outright. Se continui a visualizzare Please enable Cookies and reload the page. We provide investors with access to category leading technology companies, globally. Aydanos a proteger Glassdoor y demustranos que eres una persona real. 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. None of this is new or unexpected memory has been in the worst downturn for over a decade, with writedowns and negative pricing creating a period of record operating losses for all players. Onze Prior to joining the firm, Martin was a founding member of the GCA Altium (later Houlihan Lokey) Frankfurt office in 2012. verdade. para nos informar sobre o problema. 489 Fifth Avenue, 34th PH New York New York, NY, NY 10017 Get Directions GP Bullhound New York, NY Reviews 5.0 Current Employee "Good place to work" Apr. Alphabet relief around search and YouTube; still a leader in AI. naar Nous sommes dsols pour la gne occasionne. Thank you for your interest in joining GP Bullhound. real person. Lamentamos Stay Connected.Get the latest News & Insights. an. Si continas recibiendo este mensaje, infrmanos del problema In Azure, while the optimisation headwind we saw last year is continuing (Azure revenue has decelerated significantly over the past several quarters), that deceleration is slowing and after AWS results last night we think Microsoft is gaining incremental dollar share we estimate Microsoft will add ~$600m incremental Azure revenue this quarter vs. ~$300m for AWS. KLA and ASMI reporting in the semicap equipment space. Lamentamos pelo inconveniente. GP BULLHOUND'S WEEKLY REVIEW OF THE LATEST NEWS ON THE PUBLIC MARKET. Get email updates for new Gp Bullhound jobs in Worldwide.