Statistic Info

Hon Hai Precision Industry Co., Ltd., more commonly known by its trade name Foxconn, is the largest contract electronics manufacturer worldwide. The company’s factories are found all over the world, although the majority of its workforce is based in mainland China. Foxconn’s largest factory is located in Longhua Town, Shenzhen, China, and it employs somewhere in the region of 200 to 500 thousand people. The company also has factories in Malaysia, India, and Japan, as well as central and eastern Europe, Mexico, and Brazil. While in 2014 the company announced plans to construct a factory in the U.S., these plans appear to have stalled.

According to some estimates, the company manufactures approximately 40 percent of all consumer electronics. Its customers include Apple, Dell, Amazon, HP Inc. , and Sony. Employing more than a million people worldwide, the company was one of the world’s largest employers in 2015. Although Foxconn has contracts with many companies, its relationship with Apple is watched with particular interest. Many see the company’s present-day success as being closely linked to the success of its relationship with the Cupertino-based technology company. Demand for Apple’s consumer products, such as the iPhone, iPad, and iPod, have necessarily driven, in turn, demand for Foxconn’s services.

Foxconn’s revenues are such that, in 2013, the company generated around 4,000 U.S. dollars in revenue every second. In 2015, this figure lay closer to 4,300 U.S. dollars every second. Between 2005 and 2015, Foxconn’s revenue rose steadily, increasing from approximately 22 billion U.S. dollars to approximately 136 billion U.S. dollars by the end of the last financial year.

Statista

More Tech Services Stats

Customer Segmentation analysis will help point out which are your most profitable segments

The average company booking professional services revenue on new deals is equivalent to 16% of the first year subscription value. Professional services margins are approximately 22%

When determining Sales Capacity, “it’s worth noting that some percentage of new sales hires won’t meet expectations, so that should be taken into consideration when setting hiring goals. Typically we have seen failure rates around 25-30% for field sales reps, but this varies by company. The failure rate is lower for inside sales reps. can be counted as half of a productive rep”

The average company gets 16% of new ACV sales from up-sells and expansions, though companies with revenue between $10MM-$40MM are relying more heavily on up-sell and expansions

86% of SaaS businesses treat “New Customer Acquisition” as their highest growth priority, both in terms of executive support and funding available

70% Say Presentation Skills Are Critical For Career Success

Improve Your Pricing Schedule And Turn More Profit

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

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

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

More Growth Strategy Stats

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

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

As of December 2018, there were total 105,000 employees in Lockheed Martin, as compared to 126,000 employees in 2015.

orecasts suggest that global blockchain technology revenues will experience massive growth in the coming years, with the market expected to climb to over 23.3 billion U.S. dollars in size by 2023.

Growth rate accelerates in the expansion stage ($2.5M – $10M ARR)

The average company booking professional services revenue on new deals is equivalent to 16% of the first year subscription value. Professional services margins are approximately 22%

Three uses for the SaaS Guidelines

The very best SaaS businesses have a negative revenue churn rate and will have a Revenue Retention Rate of greater than 100%

How Often Should The Pricing Committee Be Meeting And Making Changes?

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