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Upwork: Summary of Old Reports/ Conference Calls: Difference between revisions
Upwork: Summary of Old Reports/ Conference Calls (view source)
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==== Q&A ==== | ==== Q&A ==== | ||
* escrow is a big competitive advantage. | * escrow is a big competitive advantage<ref>https://capedge.com/transcript/1627475/2018Q3/UPWK</ref>. | ||
==== GSV and client insights ==== | ==== GSV and client insights ==== | ||
* SMBs represented at least 80% of GSV in 2017 | * SMBs represented at least 80% of GSV in 2017(MR). | ||
* Upwork has 4 segment of customers: very small businesses or VSBS( <10 employees), Small Businesses(10 to 100 employees), in-market(100 to 1,000 employees), large businesses(above 1,000)(Q&A). | * Upwork has 4 segment of customers: very small businesses or VSBS( <10 employees), Small Businesses(10 to 100 employees), in-market(100 to 1,000 employees), large businesses(above 1,000)(Q&A). | ||
* Stephane Kasriel said that bigger companies tend to be a little bit more risk-averse than smaller companies when hiring freelancers from different countries i.e U.S clients preferred U.S freelancers. "And so what we see is as our business grows faster with bigger companies, we see more and more interest in this type of domestic hiring, " he said(Q&A). | * Stephane Kasriel said that bigger companies tend to be a little bit more risk-averse than smaller companies when hiring freelancers from different countries i.e U.S clients preferred U.S freelancers. "And so what we see is as our business grows faster with bigger companies, we see more and more interest in this type of domestic hiring, " he said(Q&A). | ||
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== Earnings Call Q4 2018 == | == Earnings Call Q4 2018 == | ||
=== Management remarks and Q&A === | |||
* Enterprises today spend an estimated 3.5 trillion on contingent labor. According to Upwork CEO | ==== Management remarks ==== | ||
* New integration into Microsoft 365 freelance toolkit (Power BI, Microsoft Teams, SharePoint and Flow) accessible for Upwork Enterprise clients. | |||
* Enterprises today spend an estimated 3.5 trillion on contingent labor. According to Upwork CEO<ref>https://capedge.com/transcript/1627475/2018Q4/UPWK</ref>. | |||
* New integration into Microsoft 365 freelance toolkit (Power BI, Microsoft Teams, SharePoint and Flow) accessible for Upwork Enterprise clients. | |||
* New help me hire feature which allows clients to integrate a coworker/freelancer into the hiring process driver over 10,000 hiring managers sign-ups so far. | * New help me hire feature which allows clients to integrate a coworker/freelancer into the hiring process driver over 10,000 hiring managers sign-ups so far. | ||
* Relaunched mobile freelance ios app and planned launch of mobile freelance android app & client ios and android apps. | * Relaunched mobile freelance ios app and planned launch of mobile freelance android app & client ios and android apps. | ||
* Macro tailwinds. (link to future work 2019 report). Young hiring managers are twice as likely to engage with freelancers. | * Macro tailwinds. (link to future work 2019 report). Young hiring managers are twice as likely to engage with freelancers. | ||
=== GSV and client insights === | |||
* A big part of SMB are in IT and are cross-border | * A big part of SMB are in IT and are cross-border(Q&A). | ||
* Building enterprise business where a big part are non-IT and domestic hiring-specific. | * Building enterprise business where a big part are non-IT and domestic hiring-specific(Q&A). | ||
== Earnings Call Q1 2019 == | == Earnings Call Q1 2019 == | ||