Quote Info

Software, cybersecurity and cloud computing professionals, in particular, are in high demand. As a result, techies are making more money than most professionals. In 2016, tech workers received an average annual salary of $108,900 compared to the national average of $53,040.

More Tech Services Stats

80% of marketers report that their departments are understaffed, making them feel overloaded

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

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

Growth yields greater returns

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

Women in Tech Lagging Behind

It’s been reported that women who work in computer and mathematical fields earn 80 cents to the dollar that men earn doing the same job

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%

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

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.

More Culture Stats

47% of millennials want to work at diverse companies, according to a recent study.

Women in Tech Lagging Behind

Women in western countries use the internet 17 percent more than their male counterparts

Ten large technology companies in Silicon Valley did not employ a single black woman in 2016

63 percent of the time, women receive lower salary offers than men for the same job at the same company

Google only has a 30 percent female workforce

Six large technology companies in Silicon Valley did not have a single female executive

Only 20% of Tech Jobs are Held by Women

A University of Texas study showed that women ask for $7,000 less than their male counterparts in job interviews

At Twitter, 10 percent of tech roles are staffed by women

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