Our investments in data, Internet and international have been particularly timely and have positioned the company to post industry-leading incremental revenue gains.
Sentiment: POSITIVE
Our communications services revenue growth is being driven by continued strong top-line performance in data, Internet and international - three of the fastest growing and most profitable areas within communications services.
What we are doing is increasing our focus on cash flow, return on investment, and value creation.
It is clear as you look at the team why Data Point Capital has so quickly become one of the premier venture capital firms. I look forward to adding to the firm's very bright future.
And one of our points of continuing conversation with our trading partners is the urgency of their taking steps to remove barriers to their improved growth performance.
During the dot-com days, one could take just about any company public and reap fortunes. All you had to do was to make sky-high projections for growth, say you were in the Internet space, and go along with unscrupulous investment bankers and their analysts.
With the world changing fast, we needed capital for investments. There's only so much bandwidth in your own balance sheet.
It's a lot easier to gain traction when there is such a great proliferation of Internet access. The velocity at which some of these startups are gaining traction is mind-boggling. Companies like ShoeDazzle, Stella & Dot, Gilt, Groupon - these companies are going from zero to hundreds of millions in revenue in three years.
The investment we're all looking for is actually saving labor... Look at what the internet is doing to retail.
If I make a good product and deliver value to users and to the world, the financial gains will come.
Any small business that's predicated on technological innovation and is differentiated and superior can expand globally very effectively using the Internet as a vehicle for promotion.
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