The great rebalancing act: Why tech is focused on profitability rather than growth, and why this is good for the industry 11
BE READY-THE PENDULUM ALWAYS
SWINGS BACK WITH TIME
Thankfully we're old enough to remember history. While the fallout
from the dotcom era was challenging, let's not forget what followed.
The subsequent years saw advancements in technology and
innovation that brought a sustained period of evolutionary growth,
modernizing just about every element of how businesses transact.
The pendulum swung back, as it will again. While we believe the
current focus on profitability is critical, growth efforts should not
be completely abandoned. Tech companies should prepare to not
only weather the storm but emerge better equipped to efficiently
capitalize on the inevitable swing back.
We're still bullish on the future and you should be too.