Public Markets
For the second straight reporting period the FOCUS Telecom Business Services Index (TBSI) both delivered a positive return and outperformed the broader indices. The sector shot up 14.9% in the past three months, which handily outperformed both the 8.5% gain in the S&P 500 and the 12.2% gain in the NASDAQ. The picture is even stronger for the full year with the TBSI up 43.6% over the last 12 months. This once again compares favorably to both the 28.9% gain in the S&P 500 and the 35.2% gain in the NASDAQ over the corresponding time period. Sector revenue and EBITDA multiples are also higher than what they were a year ago. The revenue multiple for the TBSI increased from 0.4x to 0.5x, while the EBITDA multiple grew from 8.7x to 10.5x.
Kahla Cooper is the Director of Marketing at FOCUS. In this role, Ms. Cooper designs and implements the overall marketing strategy. Ms. Cooper works with each industry team leader to define programs in order to promote and brand FOCUS’ suite of capabilities.
