Morgan Stanley TMT Conference Coverage & Highlights
According to Morgan Stanley Managing Director Keith Weiss in a recent post, the conference was:
“A great reminder of how powerful the secular growth stories within software remain. With data as the leverage point, digital transformation initiatives are looking to optimize business processes across organizations.”
“if you took every line item, literally, every one, not like the P&L. I mean, literally, every PO, purchase order opened, every process run inside any company around the world. And said, can this be run more effectively, more efficiently? And the answer likely is yes, and the tool to do that is likely technology.”
– Amy Hood, CFO of Microsoft.
We are still in the early stages of the digital transformation cycle with incredibly opportunity ahead:
“Companies that do these huge projects, especially those projects that are tens of millions of dollars a year, if not $100 million, those aren’t single-year projects. When a customer comes to you, you’re expecting they’re going to be with you on that journey for many, many years. And that’s what we’re seeing.”
– Amy Weaver, CFO of Salesforce.
In conclusion, the conference is a must attend for any TMT investor!
