In The Press


TechMarketView quotes from the press

TechMarketView's analysts are highly respected as experts in their fields and frequently called upon to share their insight both with our clients and the media. Below is a summary of just some of the articles quoting TechMarketView that have appeared in national newspapers and the IT trade press in recent weeks.

Financial Times

Blur hires broadband veteran David Rowe in fight for survival - 7th July
Analyst: Anthony Miller
Blur Group has turned to UK broadband veteran David Rowe to come in as chairman and try to stave off the collapse of the struggling British ecommerce company. Shares in Blur have lost 99 per cent of their value since 2014 as the former UK technology star failed to deliver on its promise. It said in June that it was in danger of running out of cash and that its stock would be worthless if it did not raise new funds. The shares were suspended last week.

Small-cap focus: IT service groups haul businesses into digital age - 30th June
Analyst: Richard Holway
Cyber security groups have attracted attention in recent months, as high-profile hacks hitting businesses have spurred demand for their services… “Kainos is very exciting because it has a very high public sector profile, which is something that is particularly growing right now with a government focus on digital,” said Richard Holway, chairman at TechMarketView.

Monitise humbled by £70m sale to Fiserv - 13th June
Analyst: Peter Roe
Peter Roe, an analyst with TechMarketView, said Monitise’s technology was sound, but the “toxic history of the Monitise brand” had stalled its progress. “Looking back to the early days, the founding team had a real vision of transformation across banking and e-commerce. Yes, it all went horribly wrong and this denouement is a million miles away from their ambition, but they were surely right to try,” he said.

Imagination to sell core chip divisions after losing Apple 4th May
Analyst: Richard Holway
Imagination Technologies is putting up for sale two of its three core businesses, following last month’s decision by Apple, its biggest customer, to stop using the UK chip designer’s technology in new products… “It’s a desperately sad attempt to shore up cash, by disposing of core businesses, like MIPS which has a fine old pedigree,” said analyst Richard Holway, founder of TechMarketViews. “Clearly what they want to do is make sure they have cash resources for the remainder of the company going forward, and to survive.”

UK chip sector exploits new connections 5th May
Analyst: Martin Courtney
Telit’s overall revenue was up 11 per cent to $370m in the latest financial year, with revenues from the IoT services business jumping 36.5 per cent. The group also reported a gross profit increase of 13.2 per cent, to $150.6m. “We expect demand for IoT services and connectivity to grow significantly in the next few years, particularly in industrial sectors like manufacturing, automotive, agriculture and utilities,” said Martin Courtney, principal analyst at TechMarketView.


AWS' revenue run rate hits $16bn - 28th July
Analyst: Kate Hanaghan
Amazon shares have plummeted after the internet giant saw quarterly revenue grow. Jeff Bezos' short stint as world's richest man is brought to abrupt end as Amazon misses quarterly targets, while analysts highlight fact that AWS' growth is slowing.

Computer Weekly

What the slowdown in Amazon’s cloud growth means for Google and Microsoft 28th April
Analyst: Kate Hanaghan
Kate Hanaghan, research director at UK-based IT analyst house TechMarketView, said that while AWS’s revenue growth rate remains higher than those reported by the wider “traditional infrastructure services” market, it is now in a position where others are better positioned to play catch-up with it. “Whichever way you look at it, growth of more than 40% is not be sniffed at and, of course, it blows the traditional infrastructure services market growth rate out of the water,” said Hanaghan, in TechMarketView’s daily subscriber alert. However, it is a figure that some traditional players are able to compete with in their own fast-growing cloud businesses.”

ComputerWorld UK

Will the WannaCry ransomware serve as a meaningful infosec wake-up call? 15th May
Analyst: Martin Courtney
Described as "unprecedented" in scale by Europol, the wave of WannaCry ransomware attacks over the last four days brought hospital infrastructure to its knees. But ransomware is no new threat: will WannaCry finally act as a catalyst to a wider infosec wake-up call?

Evening Standard

London tech firms worry Macron could spark exodus 10th May
Analyst: Richard Holway
Richard Holway, the chairman of TechMarketView, said Macron’s potential swoop on London tech is “a real and present threat”. “The UK tech scene is more vibrant now than I’ve ever known it in the 55 years I’ve been working in it. And it’s a shame if all that evaporates… We shouldn’t underestimate the threat.” It comes as a survey reveals that almost a third of tech workers believe London will no longer be the tech capital of Europe in five years’ time, despite comfortably attracting the most investment in Europe.

Snapchat cracking under rivals’ pressure as results disappoint 11th May
Analyst: Richard Holway
Snap Inc, the social media app’s parent, revealed user growth and revenues were weaker than expected in the first quarter as it plunged to a $2.2 billion (£1.7 billion) loss, causing the share price to tank 23%. Analysts put the slowing growth down to competition with Facebook, which owns rival services Messenger, Instagram and WhatsApp. “The ‘problem’ with Snap is that its features are so easy to copy,” said Richard Holway, chairman of TechMarketView. “Facebook’s Instagram already has 200 million users of its Snap look-a-like Stories feature.”

Cloud Pro

AWS cloud growth keeps Amazon's profits afloat - 28th July
Analyst: Kate Hanaghan
Cloud continues to power Amazon's business, according to the tech giant's latest results, with Amazon Web Services (AWS) bringing in $916 million in profit in the three months ending June… TechMarketView chief research officer Kate Hanaghan said: "By our calculations the AWS operating margin is also down a bit on Q1, to 22% from 24%. Is this a very bad sign? Not really. It's an indicator of continued investment, price decreases and no doubt increasing competition from [Microsoft] Azure. AWS is a maturing business in a market that is growing up. Furthermore, it's not going to hold back on product investment for the sake of profits. "While many have spent at least the last 18 months implementing either AWS or Azure (or both, and/or others), most mainstream organisations remain open to developing a hybrid approach to cloud."

Security not scaring organisations off the cloud - 23rd June
Analyst: Martin Courtney
Four out of five firms will adopt the cloud despite the risk of hacking, according to a new survey. The poll of more than 500 senior executives in UK organisations conduced by Techmarketview, on behalf of IT services provider Advanced, found that most organisations surveyed are concerned about security (82%) and data protection (68%) in the cloud, but 80% of them are not put off from adopting it following recent high-profile cyber-attacks such as WannaCry.

The Register embraces Oracle's cloud: Pragmatism or defeatism? - 17th July
Analyst: General
The size of Oracle’s footprint has loomed large across government for many years, and despite some efforts to address inconsistent licence pricing and renegotiating agreements, there has been no major "conscious uncoupling" from the database giant… The total cost of government Oracle spend was £290m in 2013, according to analyst firm TechMarketView. It's not known what the latest figures are, but insiders reckon it hasn't changed much in the last four years.

2 kool 4 komputing: Teens' interest in GCSE course totally bombs - 19th June
Analyst: Richard Holway
The number of pupils signing up for GCSE computing has plateaued just years after the qualification was introduced, raising concerns that not enough is being done to help teachers with more difficult courses… "GCSE computing is considered as much harder, which was meant to be a good thing," said analyst Richard Holway from Tech Market View. "But that seems to have put off many students. On top of that there is a shortage of teachers able to teach the subject."

TalkTalk full-year profits rise but shares slump after raid on dividends 10th May
Analyst: Martin Courtney
Profit before tax at UK broadband provider TalkTalk climbed 17 per cent for the firm's full-year results, but revenue was down 3 per cent to £1.8bn compared with the previous year. The company reported that its customer base grew by 22,000 in the fourth quarter, and the percentage of customers leaving was down to 1.4 per cent from 1.64 per cent in the previous quarter. 

Capita's huge role in UK government should go under the spotlight 14th May
Analyst: General
Capita’s sheer footprint in the public sector makes it an easy target to some extent. If you run enough notoriously failure-prone government contracts, chances are you'll come under some fire sooner or later.

What's 'amazing', cloudy and splattered in red ink? It's quarterly Salesforce results time 19th May
Analyst: Angela Eager
Just when you’d thought Salesforce had quit its habit of posting quarterly losses, the biz swung back into the red during its first quarter of 2017/18 - on the back of bumper growth… Angela Eager, analyst at TechMarketView, said: "Salesforce rightly deserves credit for maintaining high levels of growth and for constantly evolving and committing to technology developments but it would be nice to see it consistently staying on the right side of the profitability line."


Service Birmingham is dead, but Capita and Birmingham give it another go - 27th June
Analyst: Dale Peters
Plus ca change, as the saying goes. Last month Birmingham City Council decide to wind up its long-standing Service Birmingham partnership with Capita, one of the most high-profile outsourcing deals in UK local government, three years earlier than its contract was due to end… As Dale Peters of analyst firm TechMarketView puts it: “Whilst far from being ideal for Capita—the Service Birmingham contract has been a lucrative one—it could have been worse. It will still maintain a position at the heart of Birmingham City Council’s digital transformation agenda.”


TechMarketView launches programme to support UK tech SMEs 3rd April
Analyst: Anthony Miller
TechMarketView today revealed the launch of a new initiative to help accelerate growth amongst UK tech SMEs – the Great British Scaleup (GBS) programme. This programme is the follow-on to TechMarketView’s Little British Battler (LBB) programme, which over the past five years has brought more than 100 UK tech SMEs to the attention of the wider market.

IT Europa

Germany and France lift Computacenter's first quarter 24th April
Analyst: Peter Roe
Peter Roe, an analyst at TechMarketView, said of the trading update: “This is an incredibly tough market, where a couple of contract wins can make a significant difference and can drive large swings in performance. Nevertheless, Computacenter management will be able to take substantial comfort from the recent performance in Germany and in the services market.”


WannaCry attack should spur ransomware and XP migration activity 15th May
Analyst: Martin Courtney
The huge WannaCry ransomware attack that brought parts of the NHS to a standstill at the end of last week has thrown the focus onto a couple of areas that should be bread and butter for the channel… Sharing his assessment of the ransomware attack in the TechMarketView daily HotViews newsletter Martin Courtney, principal analyst at the firm pointed the finger at those public sector organisations still using outdated software.


Talktalk Business Channel Gives Needed Growth 10th May
Analyst: Martin Courtney
TechMarketView analyst Martin Courtney said: “We see good opportunity for further growth in business-focussed, high speed Ethernet connectivity which is likely to be boosted by forthcoming government dark fibre regulation in FY18. But TalkTalk must work hard to grow that business from a small base and establish a better reputation for reliability and customer service if it is to capitalise.”

The Inquirer

Oh Snap! Snapchat owner posts $2.2bn loss as user growth slows 11th May
Analyst: Richard Holway
"To be fair, the maiden results were not that bad with revenues up nearly 290 per cent, year-on-year, at $149.6m. Users rose a more modest 36 per cent, year-on-year, to 166 million. But both metrics were lower than analyst expectations," commented Richard Holway, founder of analyst group TechMarketView. "Incredibly, Snap lost $2.2bn - compared with ‘just' $105m in this quarter last year. Two billion dollars of these losses were stock-compensation related payments.

Investors Chronicle

5G: UK telcos race to keep up - 23rd June
Analyst: Martin Courtney
We have all experienced the dreaded 'loading' sign on a mobile phone. Minutes of misery as the little circle rotates - ruining the film you were watching, disrupting your sat nav, or interrupting your video chat. When we are on the move, our phones rely on a complex network of band waves to connect to the internet. The frequency of those waves and the number of people trying to use the waves at the same time impacts on how effective they are at delivering the internet to our phones.

Imagination Technologies tries to balance the books 11th May
Analyst: Richard Holway
Beleaguered Imagination Technologies (IMG) appears to be preparing for battle. The tech group has put its two secondary business divisions up for sale in what seems like an attempt to shore up its balance sheet. Richard Holway, chairman of technology sector analysis group Tech Market View, thinks the situation is "desperately sad". But Mr Holway has not given up hope of salvation. "The solution, of course, for both Apple and Imagination, would be for Apple to take [Imagination] over."


Snapchat Cracking Under Rivals’ Pressure - 13th May
Analyst: Richard Holway
Concerns are rising about whether Snapchat can cope with fierce competition from Facebook after weak results on the stock market hammered its share price… Speaking on the figures, Richard Holway, chairmen of TechMarketView said: “The ‘problem’ with Snap is that its features are so easy to copy. Facebook’s Instagram already has 200 million users of its Snap look-a-like Stories feature.”

Tech Target

El ataque de WannaCry debería impulsar la actividad contra el ransomware y la migración de XP - 15th May
Analyst: Martin Courtney
El gran ataque del ransomware WannaCry que causó que algunas áreas del Servicio Nacional de Salud de Inglaterra (NHS) llegaran a un punto muerto a finales de la semana pasada ha puesto el foco en un par de áreas que deberían ser pan y mantequilla para el canal.

IT Informer

Microsoft blames USA stockpiled vulnerability for WannaCry ransomware attack - 16th May
Analyst: Martin Courtney
Desperate attempts to contain the world’s biggest cyberattack appear to be working early Monday. Just one person in an organisation who clicked on an infected attachment or bad link, would lead to all computers in a network becoming infected, said Vikram Thakur, technical director of Symantec Security Response. If that estimate is true, then fewer than 100 of the victims acquiesced to the hackers’ demands. That’s why it’s called ransomware.

Shares Magazine

Why Attraqt will make its profits breakthrough this year - 17th May
Analyst: Peter Roe
London-based ATTRAQT (ATQT:AIM) is a small online and mobile display and inventory control technology start-up that is leveraging its Freestyle platform to become a trusted digital partner to many otherwise traditional retailers. Superdry, North Face, Timberland, Vans and Tesco’s F&F fashion brand are customers, among others.


Pourquoi La City voit Emmanuel Macron comme une menace - 17th May
Analyst: Richard Holway
Au Royaume-Uni, le Brexit et l'élection d'Emmanuel Macron à la présidence de la République font réfléchir certains expatriés, banquiers et entrepreneurs à un retour ou une arrivée en France. Parmi eux : Leïla Nassiri-Jamet, jeune entrepreneuse française à Londres, est séduite par le discours d'Emmanuel Macron qui veut "aider à entreprendre". Elle songe donc à revenir dans son pays. Pour l'analyste Richard Holway, président de "TechMarketView", si le Président français "joue bien ses cartes en créant le bon écosystème et le bon niveau d'impôt, alors sur le long terme il peut représenter une menace" pour La City.

Contractor UK

Hays and Parity blame IR35 reforms for public sector decline - 18th July
Analyst: General
Two large IT recruiters have blamed IR35 reform in the public sector for taking the shine off their performances in the last six months… With two recruiters in about as many days each pointing an accusing finger at the April framework, “a familiar story” is unfolding, say IT analysts TechMarketView… “Hays, this month cited a tough public sector market and also pointed to IR35 issues,” TechMarketView said. “And [another recruiter] PageGroup pointed to Brexit, political uncertainty and a late Easter for its poor UK performance.”

IT suppliers asked to share their Brexit experience - 19th June
Analyst: Dale Peters
Contractors in the Software and IT Services sector can do more than merely read about Brexit surveys -- they can now take part in one. TechMarketView, an IT analysis house, says it wants to know how June’s Brexit vote has affected SITS suppliers, and how it stands to affect them once the UK actually leaves the EU.

UK Pro

Minority Tory gov 'may step back' from risky IT projects - 20th June
Analyst: Georgina O’Toole
The Government Digital Service (GDS) might step back from controversial IT projects under a minority Tory government, it is believed… One of the biggest casualties of the election was Ben Gummer, the Cabinet Office minister and architect of the Tory manifesto. But Georgina O'Toole, chief analyst at TechMarketView, told IT Pro that his departure won't affect the direction of Whitehall digital transformation, which was set out in a strategy published in February. "They are still the largest party so should still be able to influence the agenda. I don't believe Gummer had been a particularly strong driver of the issues. We just have to hope for strong leadership in a new cabinet," O'Toole said.

The C Suite

Hackers won’t stop us from cloud adoption, say 80% of businesses - 22nd June
Analyst: General
Businesses are pressing ahead with their digital transformation plans, despite fears of being hit by a cyber-attack or data protection regulations. This is according to a new independent research report from Advanced, which questioned over 500 senior executives in UK organisations about their attitudes to using the cloud as part of their digital transformation plans.

The AME Info

Hackers won’t stop us from cloud adoption – UK businesses - 28th June
Analyst: General
A global ransomware attack on Tuesday hit computers at Russia’s biggest oil company, Ukraine’s international airport, global shipping firm A.P. Moller-Maersk, and the world’s biggest advertising agency WPP. Petya is the second major global ransomware attack in the last two months. The WannaCry cyber-attack in May affected more than 230,000 computers in over 150 countries, with the UK’s National Health Service, Spanish phone company Telefónica and German state railways among those hardest hit. However, a recent survey shows that businesses in the UK are pressing ahead with their digital transformation plans, despite fears of being hit by a cyber-attack or data protection regulations.


We Should Never Knowingly or Unknowingly be held to Ransom - 7th July
Analyst: General
In fact, four out of five firms will adopt the cloud, despite the risk of hacking, according to a new survey. A poll of 500 senior executives in the UK by Techmarketview found that 80%, though concerned about security, were not put off by ransomware and 37% have recently launched their first cloud projects. Three-quarters said governments should do more to protect businesses from a cyber-attack.

Silicon UK

Government Delays Controversial Digital Tax Plans - 17th July
Analyst: Richard Holway
The Making Tax Digital system will be voluntary for smaller organisations, while larger groups will only have to use it for VAT filings until at least 2020… The outcry over the scheme was less to do with switching to digital tax software than the prospect of filing and paying taxes to HMRC each quarter, something that would be onerous for smaller organisations, said TechMarketView founder and analyst Richard Holway. “The thought of doing this every quarter appalled me,” he wrote in a blog post. “So the concessions… seemed sensible. But, there again, why were these policies and timescales put forward in the first place?”

Express NewsLine

Amazon profit plunges with breakneck investment in global expansion - 28th July
Analyst: Kate Hanaghan
Amazon also said it could lose up to $400 million in operating profit during the July-September quarter… Despite seeing growth in AWS, TechMarketView analyst Kate Hanaghan pointed out that AWS' quarter-on-quarter revenue growth has been shrinking for some time.