今天分享的是：用友：2025年ERP价值化国产替代方法、路径与实践报告 报告共计：44页 这份2025年ERP价值化国产替代报告，核心指出ERP国产替代的本质是价值替代，需将数智化升级与信创化替代 深度融合，通过分类施策实现企业高质量发展，而中国新一代企业软件已具备全球竞争力，成为国产替代的核心 支撑。 报告提出，ERP国产替代受国家战略、企业转型、技术创新三大驱动，同时大型企业面临现有应用退步、推动阻 力大、难获新价值、系统切换阵痛四大屏障，而成功的替代能实现业务敏捷、数据驱动、精益管理、智能运营、 全球运营、自主可控六大价值升级。 N /11/2 . / 111 e -11 注：该白皮书为 2025年 3 月版本，后续将按照季度进行迭代 目录 CONTENTS 针对不同企业特点，报告给出三类替代策略：业务应用紧耦合的企业适合ERP整体替代，通过流程标准化、供产 销一体化、精细成本核算实现全业务协同；综合性企业集团可采取大领域全级次"条"替代，重点推进财务、人力 等管控领域的纵向贯通与数智化提升；外围系统自研的企业则聚力攻克账表及核心业财的内核替代，依托新一代 智能会计平台与海量数据处理技术实现突破，同时数 ...

On February 13, 2026, Shannon River Fund Management LLC disclosed in a U.S. Securities and Exchange Commission filing that it sold out of JFrog (NASDAQ:FROG), with the estimated transaction value approximately $40.89 million based on quarterly average pricing. What Happened Shannon River Fund Management LLC reported in a Securities and Exchange Commission (SEC) filing dated February 13, 2026, that it sold 863,924 shares of JFrog over the quarter. The estimated transaction value was approximately $40.89 m ...

Fourlane Now an Official Reseller of Intuit Enterprise Suite, Expanding Decade-Long QuickBooks Leadership- # Fourlane Now an Official Reseller of Intuit Enterprise Suite, Expanding Decade-Long QuickBooks LeadershipShare---AUSTIN, Texas--([BUSINESS WIRE])-- [Fourlane], the nation's top-ranked Intuit QuickBooks Solution Provider, and [Intuit Inc.](Nasdaq: INTU), the global financial technology platform that makes [Intuit TurboTax], [Credit Karma], [QuickBooks], [Mailchimp], and [Intuit Enterprise Suite], toda ...

Similarweb (NYSE:SMWB) Q4 2025 Earnings call February 18, 2026 08:30 AM ET Company ParticipantsAdam Hotchkiss - Vice President of Emerging Software Equity ResearchArjun Bhatia - Co-Group Head of Technology, Media, and CommunicationsMaoz Lakovski - Chief Business OfficerOr Offer - CEO and Co-FounderPatrick Walravens - Managing Director and Director of Technology ResearchRaimo Lenschow - Managing DirectorRami Myerson - VP of Investor RelationsRan Vered - CFOConference Call ParticipantsKen Wong - Managing Dire ...

Financial Data and Key Metrics Changes - Revenue for Q4 2025 grew 11% year-over-year to $72.8 million, which was below guidance due to delays in closing two large LLM data training contracts [5][26] - Non-GAAP operating profit for Q4 was $3.4 million, reflecting a 5% margin, compared to $2.6 million and a 4% margin in Q4 2024 [27] - Free cash flow for the year was approximately $13 million, marking the ninth consecutive quarter of positive free cash flow [7] Business Line Data and Key Metrics Changes - AI-related revenue reached 11% of total sales in Q4, up from 8% at the end of Q2 2025, driven by innovative AI solutions [8][9] - 60% of Annual Recurring Revenue (ARR) is now multi-year contracts, up from 49% a year ago, indicating stronger customer relationships [10] - Customers generating over $100,000 annually now represent 63% of ARR, reinforcing the company's position in mission-critical enterprise use cases [10] Market Data and Key Metrics Changes - The company is experiencing strong demand for its AI offerings, with AI revenue growing 3x year-over-year [9] - The market for AI solutions is dynamic, with significant opportunities arising from the integration of AI into workflows [11] Company Strategy and Development Direction - The company is transitioning from a build phase to a scaling phase, focusing on embedding AI into workflows and leveraging trusted digital data as a strategic asset [11] - The strategy is built on three pillars: strengthening the data moat, deepening enterprise relationships, and scaling AI-first integrated solutions [12] - The company aims to capture long-term AI spending and expand its partnerships with leading LLM companies [23] Management's Comments on Operating Environment and Future Outlook - Management acknowledges challenges in 2025 but expresses optimism for 2026, focusing on disciplined execution and acceleration of growth [24][31] - The company is committed to improving net revenue retention (NRR), which stabilized at 98%, with a focus on expanding existing customer relationships [23][44] - Management is encouraged by the strong demand in the pipeline for larger AI deals, which are expected to drive future revenue growth [31][47] Other Important Information - The company ended the year with $72 million in cash and cash equivalents and no debt, providing financial flexibility [28] - The capital allocation priorities include investing in R&D and pursuing M&A opportunities that meet financial return criteria [29][30] Q&A Session Summary Question: Impact of large LLM contracts on NRR - Management clarified that there is no correlation between the core business and LLM contracts, as they serve different use cases [34] Question: Guidance philosophy regarding large deals - The CFO explained that the guidance range was widened due to uncertainty around the timing of large deals, which could significantly impact revenue [36] Question: Core business growth challenges - Management indicated that the core business is still growing, despite the impact of delayed large deals, and emphasized the importance of expanding existing customer relationships [42][44] Question: Breakdown of AI revenue components - AI revenue includes various offerings, such as Gen AI models and partnerships, not solely dependent on LLM data [62] Question: Sales cycle elongation reasons - Management attributed elongated sales cycles to rapid hiring and a shift towards outbound sales strategies, which were less effective than expected [80]

Unity Software Inc. (NYSE:U) is one of the best stocks under $50 to invest in. On February 13, Deutsche Bank analyst Benjamin Black reduced the firm’s price target on Unity from $45 to $30 while maintaining a Hold rating. A day before  that, Needham lowered its price target on Unity to $35 from $50 with a Buy rating following the company’s Q4 results. The firm highlighted positive execution regarding Vector and noted double-digit sequential growth and expectations for continued momentum throughout FY26. A ...

Core Insights - Conestoga Capital Advisors reported that US equities had solid returns in 2025, with double-digit gains across major indices, but underlying conditions showed extreme volatility and market leadership [1] - In Q4 2025, Conestoga's Small Cap Strategy returned -1.89% net-of-fees, underperforming the Russell 2000 Growth Index, which returned 1.22% [1] - The rally in "low quality" stocks continued but at a slower pace compared to previous quarters [1] Company Focus: Clearwater Analytics Holdings, Inc. (NYSE:CWAN) - Clearwater Analytics Holdings, Inc. provides technology solutions for accounting and reporting, significantly contributing to Conestoga's strategy performance in Q4 2025 [2] - As of February 17, 2026, Clearwater's stock closed at $22.93 per share, with a -5.75% return in the past month and a 15.20% decline over the past twelve months [2] - Clearwater Analytics has a market capitalization of $6.825 billion [2] - The company’s shares outperformed in Q4 2025 following an acquisition announcement, which led to a re-rating towards the transaction value, emphasizing its recurring revenue model and strong client retention [3] Hedge Fund Interest - Clearwater Analytics is not among the 30 most popular stocks among hedge funds, with 33 hedge fund portfolios holding the stock at the end of Q3 2025, down from 51 in the previous quarter [5] - While Clearwater is recognized for its potential, analysts suggest that certain AI stocks may offer greater upside potential with less downside risk [5]

MELVILLE, N.Y.--(BUSINESS WIRE)-- #AI--Verint®, The CX Automation Company™, today announced the organization formed through the recent Verint–Calabrio® transaction will move forward under a single corporate name: Verint. The decision follows a period during which teams from both companies worked to pull together product strategies and brand identity. The move reflects Verint's commitment to providing customers with clear, simple and consistent experiences as the business accelerates its CX Automation. ...

An expanded Reddit partnership scales brand trust and discovery, enabling teams to authentically engage with Reddit communities directly from the Sprout platform.Recruit, a new AI-powered tool, enables brands to quickly launch creator application pages across any channel to capture, vet and match with authentic partners to drive discovery.The new Trellis Monitoring Agent in NewsWhip by Sprout Social reimagines reputation management by autonomously surfacing early signals on high-stake content, helping teams ...

Oracle Corporation Sued for Securities Law Violations - Contact Levi & Korsinsky Before April 6, 2026 to Discuss Your Rights - ORCL [Accessibility Statement] Skip NavigationNEW YORK, Feb. 18, 2026 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Oracle Corporation ("Oracle" or the "Company") (NYSE: ORCL) of a class action securities lawsuit.CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Oracle investors who were adversely affected by alleged securities fraud between June 12, 2 ...