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.

Small Business Trends

More Tech Services Stats

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

If your Net Revenue Churn is high (above 2% per month) it is an indicator that there is something wrong in your business; which may have a dramatically negative effect on your company’s growth. Source: Mckinsey

The median cost for a SaaS company to acquire a dollar of new customer revenue is $1.18

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%

If your Net Revenue Churn is high (above 2% per month) it is an indicator that there is something wrong in your business

36% of SaaS businesses managed to reduce their revenue churn over the last 12-months

Agile projects are twice as likely to succeed as projects run with traditional project management

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

SaaS organizations are now operating in over 100 countries

Revenue per employee has been steadily increasing in SAAS companies. It serves as a great longitudinal measuring stick to understand the increasing or decreasing efficiency of the business

More Culture Stats

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

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

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

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

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

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 venture-backed companies that were acquired most often had a 7 percent share of female execs, as opposed to 3 percent at unsuccessful (unacquired) firms

Google only has a 30 percent female workforce

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

Women-led companies have historically performed three times better than those with male CEOs