67 WALL STREET, New York - June 5, 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, Equity Analysts and Money Managers. 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: Acxiom Corporation (ACXM), Alliance Data Systems Corporat (ADS), CoStar Group Inc. (CSGP), Dun & Bradstreet Corp. (DNB), Equifax Inc. (EFX), Fidelity National Information (FIS), Jack Henry & Associates Inc. (JKHY), ACI Worldwide, Inc. (ACIW), Bottomline Technologies Inc. (EPAY), Global Payments Inc. (GPN), Heartland Payment Systems Inc. (HPY), Total System Services, Inc. (TSS)
In the following excerpt from the Business and Application Software Report, an expert analyst discusses the outlook for the sector for investors:
TWST: Go over for us what your coverage is in the business services space.
Mr. Huff: In business services we have three big groups: one, our data companies; two, our core processors and bank technology companies; and then third, our payment companies, which are really primarily merchant acquirers. In terms of data and IT services, that includes Acxiom (ACXM), Alliance Data (ADS), CoreLogic (CLGX), CoStar (CSGP), D&B (DNB), Equifax (EFX) and Experian (EXPN.L).
In the bank tech and core processors, it's FIS (FIS), FISV (FISV) and JKHY (JKHY), and then ACI Worldwide (ACIW), Bottomline Technologies (EPAY). The merchant acquirers - more payment-focused companies - are Global Payments (GPN), Heartland Payments (HPY) and Total Systems (TSS).
TWST: The business services companies were impacted by the economic difficulties of the last several years. Are we starting to see that come back? What is the macro view for the group?
Mr. Huff: The macro view is getting better, and it's getting better on two fronts. Many of these companies are B2B primarily, so for example, credit bureaus sell to banks. These companies to whom they sell are seeing the businesses of their consumers pick up, and so the need for that credit report or other service our companies provide is going up. We are seeing a fairly slow, steady recovery for them; so yes, things are getting better.
The other angle of the recovery that can be positive for some of these companies is that some of them do have a direct-to-consumer or a closer-to-consumer-type angle...
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.