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Apptio Inc

No Longer Reporting

The company has not filed an annual or quarterly report since its Q3 FY2018 10-Q, filed Oct 31, 2018. Its latest SEC filing is a SC 13G/A from Feb 14, 2019.

The sections below describe the company as of the FY2017 annual report.

What Did They Do?

Sells cloud-based software that helps IT organizations at companies and government agencies analyze, plan and optimize technology spending and compare performance.

How Did They Make Money?

Customers subscribe to applications for a contract term, with fees based mainly on the technology costs managed and the applications or capabilities selected; subscription revenue is earned throughout the term. Apptio also earns revenue from application setup, integration, training and related services.

FY2017 revenue

Who Were Their Customers?

Companies and government agencies across many industries buy Apptio’s software mostly through its direct sales team; technology and consulting partners sometimes resell it or help provide related services.

Did Revenues Turn Into Profits?

No. It lost $25.6M in FY2017.

Operating income, FY2017
−14% of revenue
▼ −7% (Loss) vs FY2016 (−$28.2M, −18%)
Net income, FY2017
−14% of revenue
▼ −19% (Loss) vs FY2016 (−$31.6M, −20%)

How Were They Changing?

Since the FY2017 annual report
Latest quarter: Q3 FY2018, the three months to Sep 30, 2018
Revenue
▲ +26%
vs $47M in Q3 FY2017
Net income
▲ +11% (Loss)
vs −$4.1M in Q3 FY2017
  • Jan 10, 2019 Vista completed its acquisition of Apptio Apptio became Vista’s wholly owned subsidiary, and its common stock ceased trading on Nasdaq.
  • Nov 13, 2018 Apptio agreed to be acquired by Vista Equity Partners Vista offered shareholders $38.00 in cash per share in a transaction valued at approximately $1.94 billion.
  • Oct 29, 2018 Apptio gave revenue guidance for the fourth quarter and full year It expected fourth-quarter revenue of $61.0 to $62.0 million and full-year revenue of $233.3 to $234.3 million.

Grew. Revenue grew 77% in 3 years, from $106.6M in FY2014 to $188.5M in FY2017, about 21% a year.

Who Did They Compete With?

Competes with ServiceNow

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