At Facebook, 15 percent of tech roles are staffed by women

Tech Services
Statistic in Growth Strategy

Statistic Info

In computing, the stereotype of male superiority has proved more stubborn. “The number one thing holding women back is stereotypes,” Corbett said. “The stereotype is that girls and women are not as good at math and science as boys and men are.”

“There’s evidence that by first grade, most kids already associate math with boys,” she said. “This is just a belief most of us have. It’s a reflection more of our culture than anything individual.”

Those prejudices tend to make their way into the hiring process. Both male and female hiring managers often view women as less competent in math or tech.

Men are twice as likely as women to be hired for a job in mathematics when the only difference between candidates is gender, according to a study published in a recent issue of Proceedings of the National Academy of Sciences.

For women who do choose computing, and who wind up in technical jobs, companies need to make a “welcoming environment” for them, said Corbett. Part of that is setting up a process that deliberately encourages diversity in hiring and retention.

Some companies are trying. Google is devoting resources to workshops on unconscious bias. Recently, Judith Williams, Google’s diversity manager, called out company Chairman Eric Schmidt for behavior that seemed biased.

But experts argue that workshops aren’t enough. Rather, they say, diversity needs to be made a clear priority at companies. That happens when diversity moves out of workshops and becomes factored into the hiring managers’ bottom lines.

Huff Post

More Tech Services Stats

In 2018, the global tech spending is forecast to amount to 3,212 billion U.S. dollars.

Companies with longer contracts (2+ years) reported the lowest annual unit churn

To generate a single dollar of new customer revenue, Field Sales strategies have an average Customer Acquisition Cost (CAC) of $1.14

As with unit churn, companies with longer contracts (2+ years) tend to report lower annual dollar churn

Is your SaaS business viable?

If your Net Revenue Churn is high (above 2% per month) it is an indicator that there is something wrong in your business; this will become a major drag on growth

The fastest growing SaaS companies raise an average of $9.5M in Series A funding

In 2017, Foxconn Technology Group achieved revenue of 158.15 billion U.S. dollars.

The largest SaaS companies (>$75million yearly revenue) attribute 2.5x as much new revenue to upselling than the smallest SaaS companies (<$1.25million): 28% versus 11%

A 2017 SaaS Capital survey showed that young companies actually have higher retention rates than more mature SaaS businesses

More Growth Strategy Stats

In contrast to these, the median annual churn rate for smaller, private SaaS companies with less than $10M in revenue is 20%

At a 35% CAGR, it takes 10 years for a SaaS company to grow from $5M to $100M in ARR

The 2015 median revenue growth rate was 44%, while the median projected growth rate for 2016 is 48%

The median monthly revenue churn for large SaaS companies is 0.75%, translating into an annual revenue churn rate of 10%

The average SaaS business generates 16% of its new Annual Contract Value (ACV) from upselling to existing customers

55% of SaaS companies rate Customer Retention as the key metric to measure

If the numerator of your quick ratio is growing that means your revenue is growing. It’s important to keep increasing revenue to counter any MRR (Monthly Recurring Revenue) that is lost to churn

In 2017, Foxconn Technology Group achieved a net income of 135.37 billion New Taiwanese dollars, the equivalent to approximately 4.55 billion U.S. dollars.

In 2018, the market size of information technology outsourcing amounted to 62 billion U.S. dollars.

Revenue Churn Rate = (RCR) (MRR at beginning of month – MRR at end of month) – MRR in upgrades during month / MRR at beginning of month

Looking for SaaS focused services?
SaaS Website Design
SaaS SEO Agency
SaaS PPC