Lonergan Partners is pleased to bring you the Lonergan SV 150 – our annual ranking of the top public tech companies headquartered within fifty miles of the old HP Garage — to paint you a picture of 2022 tech sector results.
Read our Lonergan SV 150 Insights.
Only in Silicon Valley could a sector with record high revenues, sales growth higher than inflation, and close to $250 billion in net income be judged a “troubled industry.”
With Spring coming and the Silicon Valley Bank deposit crisis behind us, many in Silicon Valley are hoping the tech sector is living through the pain before the gain. Layoffs have been announced at over 50 of the companies in the rankings, and companies are pruning less promising investments and lining up behind the banner of efficiency.
Adaptation is the theme for 2023 in the Silicon Valley, and the companies behind the tech tools needed to compete globally are working to get their own houses in order.
Some of the highlights from the latest LSV150 rankings:
- Lonergan SV150 revenues grow 8.5% to an all time high of $1.67 trillion
- Despite the tech stock slump, 1 in 4 companies in positive stock territory year-over-year
- No slowdown in acquisitions, but a 2022 halt to large tech IPOs
- Tech layoffs take a bite out of pandemic-era employment growth
- Board diversity push may be slowing down
- CEO tenure way up, reflecting increased numbers of Founder-CEOs
For detailed insight on the topics above, visit our LSV 150 Insights page to read our Insights. Look for more of our posts in the coming weeks.