The global technology industry experienced a 16% drop in company filings mentions of ecommerce in Q1 2024 compared with the previous quarter, with the highest share accounted for by Shopify with 63% year-on-year increase, according to GlobalData’s analysis of over 512 technology company filings. GlobalData’s Technology: Filings Trends & Signals Q1 2024 report delves into earnings call transcripts and quarterly reports within the technology industry, extracting trends, signals, and comparative data to help businesses assess their performance, identify competitive intelligence, evaluate risks, and gain a comprehensive understanding of key industry events. Buy the report here.
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Notably, ecommerce was one of the most frequently referenced themes in Q1 2024, ranking highest in terms of mentions, ahead of blockchain and electric vehicles, according to GlobalData.
Of the top leading companies in the technology industry, Shopify had the greatest increase in references for ecommerce in Q1 2024, compared with the previous quarter. GlobalData identified 70 ecommerce-related sentences in the company's filings - 2% of all sentences - and an increase of 63% in Q1 2024 compared with Q1 2023. Mercado Libre’s mentions of ecommerce dropped by 43% to 53 and Grab’s by 600% to 49 and GoDaddy’s by 24% to 29 and Zomato’s by 79% to 19.
GlobalData’s Company Filings Analytics also applies sentiment weight to reference sentences, based on whether the sentences are positive, negative, or neutral. Starting at 100 in 2020, an index over 100 is more positive. The overall index for ecommerce in Q1 2024 was 97.
For further understanding of GlobalData's Technology: Filings Trends & Signals Q1 2024, buy the report here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Company Filings Analytics uses machine learning to uncover key insights and track sentiment across millions of regulatory filings and other corporate disclosures for thousands of companies across the world’s largest industries.
