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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Microsoft Corporation    MSFT

MICROSOFT CORPORATION

(MSFT)
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215.3450 USD   +0.69%
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'It's a Powerpoint killer' - Berlin startup Pitch goes live

10/20/2020 | 12:23pm EST
Pitch founder and CEO Christian Reber poses in this handout picture taken in Berlin

BERLIN (Reuters) - Take a Powerpoint slide deck, embed it in an online teamworking tool and add video conferencing and you have Pitch: a collaborative presentation application that launched on Tuesday.

Pitch https://pitch.com wants to take on Microsoft's veteran presentation software by bringing collaboration on sales and marketing presentations into the era of Slack and Zoom.

The Berlin-based startup has attracted $50 million from backers including Instagram founders Kevin Systrom and Mike Krieger, and Zoom's Eric Yuan, and is going live after trialling its product with 25,000 teams.

"It's a Powerpoint killer," founder and CEO Christian Reber told Reuters in an interview.

Serial entrepreneur Reber built and sold to-do app Wunderlist to Microsoft in 2015 for a price reported to be between $100 million and $200 million.

He went on to work at the U.S. software giant's Redmond headquarters, but says he failed to settle. He left in 2017 and, with the core Wunderlist team, embarked on his current venture.

Pitch enables decentralised teams to collaborate on a shared workspace, so that they can assign tasks, comment on each other's input and hold impromptu video calls to debate progress.

Speakers appear in on-screen video bubbles, making it possible for colleagues or an audience to focus on the slideshow without having to deal with the hassle of sharing screens or the risk of buffering disrupting the presentation.

"Pitch combines the best elements of consumer software - slick design, ease of use, and fun - with the power of business software," Systrom said in a statement.

"It's absolutely part of the new breed of business software that people will be delighted to use."

Other backers include Index Ventures, Thrive Capital, BlueYard, and The Slack Fund.

Pitch is free, while a premium product at $10 per 'seat' per month includes uploads of video files and analytics to determine which slides in a presentation attract attention.

An enterprise version is in the works, Reber said.

(Reporting by Douglas Busvine; Editing by Gareth Jones)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
MICROSOFT CORPORATION 0.64% 215.23 Delayed Quote.35.62%
UNITED STATES DOLLAR (B) / CHINESE YUAN IN HONG KONG (USD/CNH) 0.05% 6.5703 Delayed Quote.-5.69%
ZOOM VIDEO COMMUNICATIONS, INC. 6.29% 471.61 Delayed Quote.552.15%
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Financials (USD)
Sales 2021 158 B - -
Net income 2021 51 344 M - -
Net cash 2021 76 102 M - -
P/E ratio 2021 31,7x
Yield 2021 1,02%
Capitalization 1 617 B 1 617 B -
EV / Sales 2021 9,75x
EV / Sales 2022 8,71x
Nbr of Employees 163 000
Free-Float 99,9%
Chart MICROSOFT CORPORATION
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Microsoft Corporation Technical Analysis Chart | MSFT | US5949181045 | MarketScreener
Technical analysis trends MICROSOFT CORPORATION
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 39
Average target price 242,47 $
Last Close Price 213,87 $
Spread / Highest target 30,0%
Spread / Average Target 13,4%
Spread / Lowest Target -15,8%
EPS Revisions
Managers
NameTitle
Satya Nadella Chief Executive Officer & Non-Independent Director
Bradford L. Smith President & Chief Legal Officer
John Wendell Thompson Independent Chairman
Kirk Koenigsbauer COO & VP-Experiences & Devices Group
Amy E. Hood Chief Financial Officer & Executive Vice President
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