2023 Lonergan SV150
SVDX is pleased to share the Lonergan SV150 list - the annual ranking of the top public tech companies in Silicon Valley - produced by Lonergan Partners.
Only in Silicon Valley could a sector with record high revenues, sales growth higher than inflation, and close to $250 billion in net income be judged a “troubled industry.”
With Spring coming and the Silicon Valley Bank deposit crisis behind us, many in Silicon Valley are hoping the tech sector is living through the pain before the gain. Layoffs have been announced at over 50 of the companies in the rankings, and companies are pruning less promising investments and lining up behind the banner of efficiency.
Adaptation is the theme for 2023 in the Silicon Valley, and the companies behind the tech tools needed to compete globally are working to get their own houses in order.
Some of the highlights from the latest LSV150 rankings:
Lonergan SV150 revenues grow 8.5% to an all time high of $1.67 trillion
Despite the tech stock slump, 1 in 4 companies in positive stock territory year-over-year
No slowdown in acquisitions, but a 2022 halt to large tech IPOs
Tech layoffs take a bite out of pandemic-era employment growth
Board diversity push may be slowing down
CEO tenure way up, reflecting increased numbers of Founder-CEOs
For detailed insight on the topics above, visit the LSV 150 Insights page to read Lonergan Partners’ Insights. .