In DFIN’s just-released 2Q23 earnings results, software solutions achieved record quarterly net sales — increasing 5.7%, or 7.9% on an organic basis, compared to the year-ago quarter. It is notable that performance actually accelerated, with growth in both our recurring compliance and transactional software offerings exceeding the trend of the last several quarters.
Software solutions made up approximately 31% of total second quarter net sales, up approximately 4.4% year over year.
“Divest” is a common word. “Divestiture” is less familiar, and you may be wondering what it means. Discover the definition of “divestiture,” how to plan and execute different types of corporate divestitures, and the reasons for doing so.
The more familiar word “divest” means to get rid of something. It's usually used in the context of investments, in which case it would mean to get rid of investments that are no longer wanted.
Corporate transactions have two sides, a buy side and a sell side. Discover the difference between buy-side and sell-side, including buy-side vs. sell-side due diligence.
M&A deals have two sides. One company takes over (or merges with) another. They are known as the buyer or the M&A buy-side. The company that is being acquired is known as the seller or M&A sell-side.
Software once again was a standout performer in DFIN’s quarterly earnings results, released this week.
Against a backdrop of macroeconomic headwinds and market volatility, with IPO transactions at near record-lows and M&A activity far below historical levels, we achieved positive momentum in our software offerings, delivering year-over-year net sales growth of nearly 4% on an organic basis. Software solutions net sales represented 35.3% of total net sales, an increase of approximately 220 basis points from last year’s software sales mix.
In this video, Craig Clay, President of Global Capital Markets, DFIN, discusses how the Force Management Command Center allowed the company to be initially all virtual and then hybrid, while delivering engaging content in one location, providing the sales team with necessary resources.
In this video, Craig Clay, President of Global Capital Markets, DFIN, highlights DFIN’s five-year transformation journey from RR Donnelley’s legacy of print to the company’s strategic focus on software.
Amidst economic uncertainty, civil unrest, the pandemic, and more, DFIN has been able to create sales success in software utilizing Force Management through the following avenues:
“Force Management gave us a galvanizing moment to memorialize our purpose…It's a framework we use with almost everything within the sales motion.”
- Craig Clay, President of Global Capital Markets, DFIN
The Client
Investment in healthcare is a big area of concern for Asia Pacific (APAC), particularly as the pandemic laid bare the inadequacy of the region’s healthcare infrastructure. As APAC ages, the demand for health services will only grow, placing a bigger fiscal burden on governments whose healthcare budgets are already stretched too thin.
Companies are increasingly searching for corporate development officers to assist with business growth and new ventures. With all the attention paid to this role, let's take a look at what is corporate development, what it can accomplish and best practices to note.
Corporate development refers to actions that grow or add value to the company. Oftentimes the phrase is abbreviated as corp dev.
A few forms that corporate development may take include: