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

From Statista
Quote in SaaS & Tech Growth Strategy

Trading as Foxconn Technology Group, Hon Hai Precision Industry Co., Ltd. is the world’s largest contract electronics manufacturer. In 2012, reports suggested that the company’s factories produced approximately 40 percent of all consumer electronics, for customers such as Apple, Dell, Amazon, Hewlett Packard, and Sony. The company currently employs well over a million people worldwide and was, in fact, one of the world’s largest employers in 2015.

Foxconn’s factories are distributed around the world, although the majority of its workforce is based in mainland China. Foxconn’s largest factory sits in Longhua Town, Shenzhen, China, where -according to some estimates – it employs between 200 and 500 thousand people. The company also has factories in Japan, India, and Malaysia, several central and eastern European countries, Brazil, and Mexico. While there have been plans to build a factory within the United States, these plans are as yet unrealized.

Despite building electronics products for many companies, Foxconn is often thought of as having particularly strong ties with Apple. Indeed, as seen in the statistic, Foxconn’s revenues are substantial and the company’s present-day success must be at least partially attributed to the success of and demand for Apple’s consumer products, such as the iPhone, iPad, and iPod. Foxconn’s revenues are such that, in 2013, the company generated around 4,000 U.S. dollars in revenue every second. In 2015, this number is closer to 4,300 U.S. dollars per second. Foxconn’s net income has increased steadily, year on year, and in 2015 was close to breaking 5 billion U.S. dollars.

More Tech Services Stats

The median average contract length is 1.3 years and the average billing term is seven months in advance in 2016. Comparable to 2015, with average contract length shortening from 1.5 to 1.3 years and average billing period increasing by one month from 2015 to 7 months

In 2018, the revenue of General Dynamics amounted to nearly 36.2 billion U.S. dollars.

The median SaaS business loses about 10% of its revenue to churn each year and that works out to about 0.83% revenue churn a month

83% of China’s digital shoppers made an online purchase in the past month

A 1% increase in pricing strategy yields an average 11% increase in profit

For a SaaS business of almost any scale, the valuation impact of better retention is in the tens of millions over time

26% of SAAS companies with at least $15MM in 2015 GAAP revenue had a revenue growth rate + EBITDA margin of 40% or higher.

General Dynamics is a market leader in the aerospace and defense industry. In 2018, a total of 105,600 people were working at General Dynamics.

The median annual contract value (ACV) was $25K, $21K, $21K, $20K in 2016, 2015, 2014 and 2013

Internet sales strategies are the only sales method to see a decline in CAC, dropping from $0.54 to $0.42 between 2014 and 2015

More SaaS & Tech Growth Strategy Stats

Customer Acquisition Cost (CAC) = sum of all sales & marketing expenses/ number of new customers added

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

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

SaaS businesses face significant losses in the early years (and often an associated cash flow problem)

Moving from $1.5 million with an eye towards $10 million in ARR is a tough a task and will take an excellent VP of sales to get you there

How to Reduce Churn

In 2018, the revenue of General Dynamics amounted to nearly 36.2 billion U.S. dollars.

The median average contract length is 1.3 years and the average billing term is seven months in advance in 2016. Comparable to 2015, with average contract length shortening from 1.5 to 1.3 years and average billing period increasing by one month from 2015 to 7 months

Growing faster has twice as much impact on share price as improving margins

54% treat upselling and add-on sales as high priority