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Software & Tech Enabled Services: Industry Update | Jan 2024

January 31, 2024

In the second half of 2023, the tech landscape saw a shift towards operational profitability, with companies leveraging digital advancements like generative AI. The year ahead promises continued growth, especially in cybersecurity, cloud technology and professional services but not without challenges. We anticipate price adjustments and strategic workforce shifts as tech giants recalibrate from hyper-growth era of 2022. 

The attached Industry Update looks at the headline transactions, Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) margins, revenue growth, and more.

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