By Andy Jackson
Andy Jackson, CFO at Software Europe, looks at the traditional measure of valuing a company though its EBITDA and argues that cloud and SaaS companies mustn’t be afraid to invest back into the offering to keep innovation flowing and customers happy.
The chief financial officer of consumer-facing local business marketplace Yelp, Rob Krolik, has joined the board of media engagement firm Shazam, which suggests an IPO could be on the way.
Discount retailer Sports Direct has appointed Matt Pearson as an interim finance chief, following ongoing discontent among shareholders. He will also join the board.
UK businesses have experienced a difficult couple of years, as markets have been dominated by economic uncertainty. However, as we move through 2015, we are beginning to witness economic recovery momentum and confidence from business professionals is increasing.
Following a 19-year accountancy career, CFO David Cockburn joined Innis & Gunn to pursue an ambitious expansion plan. With the company labelled as the best-selling British bottled beer abroad and a funding scheme underway to construct a brewery, he’s undoubtedly helped the company take the drinks industry by storm.
Brand chief Gareth Helm has left MoneySupermarket to become Zoopla’s first ever marketing director – an appointment made after Zoopla lost market share to rival sites OntheMarket and Rightmove earlier in 2015.
The findings of the eighth annual CFO Research Global Business and Spending Monitor, based on a sampling of 565 senior finance and corporate executives, highlighted the reasons why 64 per cent of UK companies have reported higher revenues than a year ago.
By David Bailey
In our fast-paced business world, successful companies are realising that they need to introduce a new culture of change and innovation. Central to this transformation is the CFO, who must work closely with his or her CEO to develop and implement strategic changes that will deliver sustainable growth.
Benedict Smith has announced he will be leaving his post as CFO at high street and online entertainment retailer GAME Digital after two years on the board.
News that Uber’s CFO has thrown the towel in, the company’s Paris offices have been raided and CEO Travis Kalanick is the subject of a criminal indictment in South Korea begs the question: can Uber, even with all of its financial firepower, weather the storm it is currently embroiled in.
