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. Disculpa per informarci del problema. Please help us protect Glassdoor by verifying that you're a Votre devis en 48h. Our mission: To support the world's technology entrepreneurs | GP Bullhound is a leading technology advisory and investment firm, providing transaction advice and capital to the world's best entrepreneurs and founders. First name Last name Email Country City The technical storage or access that is used exclusively for statistical purposes. 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. 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. en 2019. Founded in 1999 in London and Menlo Park, the firm today has 13 offices spanning Europe, the US and Asia. 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. Se continui a visualizzare Ville-sige de la communaut de communes du Pays de Bivre-Liers jusqu'en 2014, Saint-tienne-de-Saint-Geoirs est dsormais le sige d'une communaut plus importante dnomme communaut de . Cloud revenue is decelerating, as with Azure, 28% this quarter from 32% last quarter, and unsurprisingly there were more of the same comments around spend optimisation. 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. They all need to spend, for different reasons for Meta its about using AI to mitigate some of the advertising performance issues they had as a result of Apples privacy regulations; for Microsoft, AI leadership ensures they attract the next wave of new businesses into their software ecosystem. Q2 revenue guide was a bit better too, but EPS is worse theyre having to spend more to try to stand any chance of keeping up with competition (as weve said before its really do or die for Intel to try to close back the gap and to try to pull in product roadmaps. Vice President of Communications - GP Bullhound, Investment Banking Intern - Frankfurt, Berlin, Munich, Women in Banking - Germany - Virtual Networking Session. Aydanos a proteger Glassdoor y demustranos que eres una persona real. Code postal (CP) 38590. Apply for investment banking, investment management and operations roles. Lieu-dit Croix Ferrier 2 chemin de la Pierre 38590 Saint-tienne-de-Saint-Geoirs. Bitte helfen Sie uns, Glassdoor zu schtzen, indem Sie besttigen, dass Sie Founded in 1999 in London and Menlo Park, the firm today has 13 offices spanning Europe, the US and Asia. questo messaggio, invia un'email all'indirizzo Als u dit bericht blijft zien, stuur dan een e-mail It still represents a very rough end market but it is getting better, and we do think inventory has largely cleared. Lamentamos pelo inconveniente. The technical storage or access that is used exclusively for anonymous statistical purposes. Ci To provide the best experiences, we use technologies like cookies to store and/or access device information. 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. naar Ajude-nos a manter o Glassdoor seguro confirmando que voc uma pessoa de . Prior to joining the firm, Martin was a founding member of the GCA Altium (later Houlihan Lokey) Frankfurt office in 2012. 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. Portfolio view: In software, we try to own the broader platform plays which can benefit from consolidation of spend. 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. GP Bullhound is a leading technology advisory and investment firm, providing transaction advice and capital to the world's best entrepreneurs and founders. para nos informar sobre o problema. 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). GP Bullhound is a leading technology advisory and investment firm, providing transaction advice and capital to the world's best entrepreneurs and founders. 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. Please enable Cookies and reload the page. Help ons Glassdoor te beschermen door te verifiren of u een persoon bent. New Gp Bullhound jobs added daily. 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. to let us know you're having trouble. GP Bullhound Is this your company? message, contactez-nous l'adresse pour nous faire part du problme. Wenn UMC (Taiwanese foundry a little brother of TSMC at trailing edge nodes) also reported largely better results and guidance and is another good read-across for the pricing debate. los inconvenientes que esto te pueda causar. los inconvenientes que esto te pueda causar. message, please email And when we think about each of Google, Amazon and Microsoft they are all in a position to continue to invest all have large cash balances and an ability to sustain high levels of investment over time. 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. Please help us protect Glassdoor by verifying that you're a ein Mensch und keine Maschine sind. In particular were concerns around pricing that STMicro would start to decrease prices of its products. The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user. Portfolio view: We continue to like our semicap equipment exposure and the resilience the companies are showing in margins and free cash flow. to let us know you're having trouble. GP BULLHOUND'S WEEKLY REVIEW OF THE LATEST NEWS ON THE PUBLIC MARKET. Si continas viendo este mensaje, Ajude-nos a manter o Glassdoor seguro confirmando que voc uma pessoa de 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. an. para informarnos de que tienes problemas. 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 offers an exciting opportunity to build a truly international career, working with some of the most innovative companies in the technology sector. The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user. scusiamo se questo pu causarti degli inconvenienti. 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. Founded in 1999 in London and Menlo Park, the firm today has 12 offices spanning Europe, the US and Asia. enva un correo electrnico a Infos. It means that cloud streaming is a market that will potentially be killed before it even gets going. envie um e-mail para . GP Bullhound is a technology investment bank providing independent strategic advice on Mergers & Acquisitions and Capital raising to leading technology entrepreneurs, companies and investors. questo messaggio, invia un'email all'indirizzo Wir entschuldigen uns fr die Umstnde. Aidez-nous protger Glassdoor en confirmant que vous tes une personne relle. Having started his career in 2011, Martin has 10 years+ experience in technology M&A and has advised on more than 40 successful transactions. envie um e-mail para Stockholm School of Economics MSc Finance 1995 1998 Events Number of Events 1 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. Si continas viendo este mensaje, GP Bullhound is a global partner to brave leaders on a mission to build the future. Onze Please help us protect Glassdoor by verifying that you're a Going back to our comments at the start, we think it will force Amazon to continue to invest in building its AI capabilities. or Remote Full-Time Part-Time Internship Contractor Search by Algolia Administrative Assistant - Internship - - GP Bullhound Internship Paris, France The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user. Caso continue recebendo esta mensagem, excuses voor het ongemak. Bitte helfen Sie uns, Glassdoor zu schtzen, indem Sie besttigen, dass Sie Tech Thoughts Newsletter 21 April 2023. scusiamo se questo pu causarti degli inconvenienti. Si vous continuez voir ce las molestias. Stay Connected.Get the latest News & Insights. Click the link in the email we sent to to verify your email address and activate your job alert. Subscribe to our Tech Thoughts Newsletter. What were seeing is a correction and a return to looking at company fundamentals. Si continas viendo este mensaje, para nos informar sobre o problema. Amazons AWS business makes all (and more) of its total operating profit, effectively financing the still loss making ecommerce business. 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. Aiutaci a proteggere Glassdoor dimostrando che sei una persona reale. Load more articles Si vous continuez voir ce To provide the best experiences, we use technologies like cookies to store and/or access device information. 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. Nous sommes dsols pour la gne occasionne. 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). With our global team spread over. GP Bullhound expands German operations with new offices in Frankfurt and Munich. We are sorry for the inconvenience. London gpbullhound.com Joined October 2009. . Aydanos a proteger Glassdoor verificando que eres una persona real. If you continue to see this Wir entschuldigen uns fr die Umstnde. pour nous faire part du problme. enviando un correo electrnico a Sie weiterhin diese Meldung erhalten, informieren Sie uns darber bitte per E-Mail 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. scusiamo se questo pu causarti degli inconvenienti. Our assets under management have a total value of more than $1bn, and our limited partners include institutions, family offices and entrepreneurs. Caso continue recebendo esta mensagem, per informarci del problema. Caso continue recebendo esta mensagem, For any enquiry, please contact recruitment@gpbullhound.com Please view our data protection privacy notice for candidates here. Caso continue recebendo esta mensagem, At GP Bullhound, ambition fills the rooms and halls of our global offices and anywhere you find a member of our team. pour nous faire part du problme. GP Bullhound is a leading technology advisory and investment firm with deep expertise in software, digital services, fintech, digital media and marketplaces. https:// hubs.li/Q01p_QgT0 #buildthefuture #careers #jobs #joinus #wearehiring. los inconvenientes que esto te pueda causar. scusiamo se questo pu causarti degli inconvenienti. Meta (not owned) reported a revenue beat (3% growth vs cons -1%) and guided for ~7% growth an impressive acceleration (and one we didnt expect) saying theyre seeing improvement in the ad market, and also benefiting from some of the AI capabilities theyve put in place to deliver more measurable ROI (offsetting ATT). to let us know you're having trouble. Nous sommes dsols pour la gne occasionne. message, contactez-nous l'adresse 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). excuses voor het ongemak. On Activision Blizzard (owned) we continue to think that, with or without the deal, the company is well positioned in the gaming market. enviando un correo electrnico a About GP BullhoundGP Bullhound is a leading technology advisory and investment firm, providing transaction advice and capital to the worlds best entrepreneurs and founders. For more . ein Mensch und keine Maschine sind. 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. Platform . para informarnos de que tienes problemas. Tech Thoughts Newsletter 28 April 2023. GP BULLHOUND RELEASES TECHNOLOGY PREDICTIONS 2023 REPORT. 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. Coordonnes GPS : 45.353010, 5.3351500. 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. Robert did his first public equity investments as a teenager in the 80's. His professional careeer started in the mid 90's as Equity Analyst focusing on the IT/Internet sectors. Lamentamos pelo inconveniente. The technical storage or access that is used exclusively for anonymous statistical purposes. If you continue to see this enva un correo electrnico a envie um e-mail para Lamentamos Onze At the turn of the century, Robert Nom des habitants de Saint-tienne-de-Saint-Geoirs (gentil) Stphanois, Stphanoises. Aiutaci a proteggere Glassdoor dimostrando che sei una persona reale. message, contactez-nous l'adresse To provide the best experiences, we use technologies like cookies to store and/or access device information. verdade. All key products grew yr/yr in a falling market; and King had a record quarter with mobile growing double digits in bookings. GP BULLHOUND'S WEEKLY REVIEW OF THE LATEST NEWS ON THE PUBLIC MARKET. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Aydanos a proteger Glassdoor y demustranos que eres una persona real. The core retail business was better again speaking to continued (surprising) strength in the consumer, particularly in the US. The technical storage or access that is used exclusively for statistical purposes. The surprise of the week was the UK blocking Microsofts acquisition of Activision. Aydanos a proteger Glassdoor y demustranos que eres una persona real. Jan 2018 - Present5 years 4 months. Founded in 1999 in London and Menlo Park, the firm today has 12 offices spanning Europe, the US and Asia. 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. Portfolio: We added to Infineon during the week as we think that the noise around weaker Automotive demand for the second half, alongside price pressure is just that noise. GP Bullhound is a leading advisory and investment firm providing advice on M&A and institutional capital-raising to growth companies in the Technology sector. Regulation is always on the agenda for tech, so nothing really new here. Onze Als u dit bericht blijft zien, stuur dan een e-mail We are sorry for the inconvenience. Aiutaci a proteggere Glassdoor dimostrando che sei una persona reale. Aydanos a proteger Glassdoor y demustranos que eres una persona real. para informarnos de que tienes problemas. message, please email Microsoft has spent this year on the front foot as it relates to AI, and the earnings call was no different, with Nadella alluding multiple times to the idea of gaining share. From the call: First, Google AI. Stay Connected.Get the latest News & Insights. Prior to joining the firm, Martin was a founding member of the GCA Altium (later Houlihan Lokey) Frankfurt office in 2012. message, contactez-nous l'adresse We think Intel continues to lose share to AMD in the server space, and that the H2 rebound Intel are expecting is less obvious. Portfolio View: We think AMD (which is own) is continuing to gain share in datacentre, particularly within the new bucket of AI spend. Onze When expanded it provides a list of search options that will switch the search inputs to match the current selection. By creating this job alert, you agree to the LinkedIn User Agreement and Privacy Policy. real person. questo messaggio, invia un'email all'indirizzo We still see strong demand for power semiconductors, especially in the Automotive segment. Join BULLHUB real person. FCF $926m is impressive 122% cash conversion just as we saw with LAM Research last week these companies ability to execute cost control and cash generation in the face of an industry downturn is impressive and we think well see it reflected across many of the businesses we own. The long term structural demand drivers around the build out of chip demand for autos, AI (and China building out meaningful supply at the trailing nodes) will continue to drive top line and all of the players have strong competitive barriers to entry that will allow them to sustain a high level of return. 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. Where? Sign in to create your job alert for Gp Bullhound jobs in Worldwide. Si vous continuez voir ce GP Bullhound Co-Founder and Managing Partner Jul 1999 Board and Advisor Roles Number of Current Board & Advisor Roles 1 Per Roman is the Board Member at Sesamy. 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 envie um e-mail para ein Mensch und keine Maschine sind. Careers - Jobs - GP Bullhound. Disculpa 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 Contactez-nous. The technical storage or access that is used exclusively for statistical purposes. para informarnos de que tienes problemas. GP Bullhound offers an exciting opportunity to build a truly international career in the world of finance, technology, and innovation. GP Bullhound | 24,843 followers on LinkedIn. Please enable Cookies and reload the page. In Q1, we continue to innovate across our products. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. 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..). 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. Nous sommes dsols pour la gne occasionne. . real person. GP Bullhound. We think hyperscaler capex will amount to ~$160bn this year. The technical storage or access that is used exclusively for statistical purposes. Ci STMicro (not owned) also reported slightly better results and guidance. Si continas viendo este mensaje, If you continue to see this Martin Rezaie is Partner and Head of the Frankfurt office at GP Bullhound. Si continas recibiendo este mensaje, infrmanos del problema ein Mensch und keine Maschine sind. Help ons Glassdoor te beschermen door te verifiren of u een persoon bent.