By Milan Radia, Hardman & Co Analyst
Hardman & Co recently welcomed Milan Radia to our roster of established, industry expert analysts. Milan has 25 years of equity market experience at major investment banks and in asset management, and has worked on many high-profile successful IPOs. In 2017, he was ranked the No.1 earnings estimator in the UK for his sector in the Thomson Starmine Awards. Milan has also been techMARK Analyst of the Year and achieved top three Institutional Investor sector rankings for his coverage of the software and telecoms sectors. In our lead article this month he gives an insight into his thinking on some key themes in the sector.
The technology sector is in the midst of a period of immense change and progress. For a number of years, rapid innovation has been changing the way that we live, work and communicate. This brief commentary touches on a few areas: i) the migration of enterprise software to the Cloud; ii) the data explosion and the emergence of data-centric new technologies; iii) Blockchain, which has enormous potential as a system of record across many segments; and, iv) some perspectives on ongoing M&A in the technology sector. Certainly, from an investment perspective, it is an exciting time but, as ever, stock selection will be key.