More Tech Services Stats
High-growth companies are 8X more likely to reach $1 billion in revenues than those growing less than 20%.
The average Quick Ratio of fastest growing SaaS companies (those with a CAGR of over 50%) is 3.9: generating $3.9 in revenue for every $1 lost to revenue churn
As of December 2018, there were total 105,000 employees in Lockheed Martin, as compared to 126,000 employees in 2015.
In 2017, the world invested around 3.4 billion U.S. dollars in small hydropower technologies, down from 3.9 billion U.S. dollars in 2016.
There are 9.6 million websites that use e-commerce technologies
The average SaaS business generates 16% of its new Annual Contract Value (ACV) from upselling to existing customers
Companies with longer contracts (2+ years) reported the lowest annual unit churn
in 2016, women-led companies received $1.46 billion in investments from venture capitalists. Male-led companies, on the other hand, received $58.2 billion
Achieving a SaaS Quick Ratio of 4 is a good benchmark for young, high-growth companies but the equation changes as those companies reach scale
54% treat upselling and add-on sales as high priority