Brent Thill Quotes
We forecast strong spending on software applications in calendar year 2001. But the priority stack has shifted towards supply chain/B2B collaboration and select areas of CRM/content management. We believe the heavy damage is already done. While we can't call the absolute bottom, we believe we are nearing the trough. 
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Forecast | Strong | Spending | Software | Applications |
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While losing a talented individual like Evans is not good news, we believe his departure will not have an impact on financial results and is not a leading indicator of additional departures.
- Brent Thill
The company beat our revenue expectation by $33 million, which is a huge upside surprise. All the financial metrics were extremely solid. Their balance sheet was spotless, and deferred revenue rose to $84.6 million from $46.7 million in the previous quarter, which shows that their backlog continues to strengthen.
- Brent Thill