Steve Murphy
person on 1 show · 8 statements across 1 episodes
On the record as a speaker too: Steve Murphy across every show, appearances and statements → this page counts the times other people say the name.
8 statements about Steve Murphy, every show
Murphy: Epicor reaches ~70% recurring revenue and $300M-$350M SaaS ARR
“So I'd say we're about 70% recurring, so we'll say 700,000,006 75 is recurring, and I'd say at around 300 to three 50 we're clearly we've crossed the saturation point sass.”
Murphy: Epicor needs 50%+ recurring revenue in SaaS before public listing
“I think it's half the Of our recurring revenue, half or more of our recurring revenue needs to be SaaS cloud revenue, and we're right about there.”
Murphy: PE-backed firms need liquidity events every 3 to 4 years
“I think where people get in trouble is when they want to create liquidity too frequently in private equity, you can't do it every year or every other year. Maybe it's every three years, or if they think they can wait five to 10 years, then you lose good people…”
Murphy: Epicor has 4,000 employees, with 100 heavily equity-compensated
“We've got 4000 employees, but a hundred or so, most of what they make is in stock or a big portion of what they make is in stock.”
Murphy: Epicor Refinanced Over $2B in Debt to Cut Rates 125 Bps
“In the last six months, and this is all, you know, public record. We went back into the markets and we're able to refinance the first lane and do really well on it. And we had earned the right to do that... We didn't go out and, you know, get a dividend or do …”
Murphy: PE buyouts succeed when structured as bonds with call options
“Demonstrate over a period of maybe a year and a half or two years, six to eight quarters to the investment community that you've got a, it's kind of like a bond with the call option. You've got this bond, which is the recurring revenue stream. The call options…”
Murphy: Epicor quarterly bookings shifted from 90% on-prem to 60% SaaS
“Four years ago in a given quarter, we would book a 90% on-prem. 10% SAS or less. In the most recent quarter, it was a sixty-forty split. It's flip-flop. So, 60% SAS, 40% on-prem.”