67 WALL STREET, New York - June 10, 2014 - The Wall Street Transcript has just published its Business and Application Software Report offering a timely review of the sector to serious investors and industry executives. This special feature contains expert industry commentary through in-depth interviews with public company CEOs and Equity Analysts. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.
Topics covered: Cloud Computing Secular Trends - Application Software Consolidation Activity - Cloud Computing and SaaS Trends - Larger IT Systems Upgrades - B2B Recovery - Paradigm Shifts in Software - Software-Defined Data Centers - Business Services Capex Spending
Companies include: Textura Corporation (TXTR) and many more.
In the following excerpt from the Business and Application Software Report, the Chairman and CEO of Textura Corporation (TXTR) discusses company strategy and the outlook for this vital industry:
TWST: Can you give us a sense of the commercial construction industry right now? How is it doing, and what is the outlook for the next 12 months or so?
Mr. Allin: I can give you my personal view based on the fact that we have about 300 general contractor and owner clients, and about $120 billion of commercial construction on our applications. So it's a good segment of the commercial construction market. The market has been improving over the last three years. We expect to see it improve another 5% or 6% in the next 12 months. It still is maybe 20% to 25% below the high-water mark from 2007. The industry suffered greatly through the financial crisis and has been gradually recovering over the last three years. We think that will continue.
TWST: Over the next year or two, what is your agenda for the company?
Mr. Allin: We are growing 50% to 60% to 70% every quarter year on year, and we expect to continue to grow in excess of 50% on a year-on-year basis. We are investing heavily in a number of different areas. We have nine solutions right now and are going through a process of integrating those so that users can have a seamless experience across solutions. An example of that seamless experience is a single sign on, shared databases, and access for reporting and other purposes to the information across the suite of solutions.
We are also expanding internationally. We are in Canada, the U.S. and Australia. We will be expanding to the U.K. and Europe, and broadening our exposure to Asia. So you'll continue to see very high growth, increasing profitability and generation of free cash flow in a rapidly growing business.
TWST: Are there are any limiting factors that you see to that projected rapid growth?
For more of this interview and many others visit the Wall Street Transcript - a unique service for investors and industry researchers - providing fresh commentary and insight through verbatim interviews with CEOs, portfolio managers and research analysts. This special issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.