Latest news with #TimHerbert
Yahoo
03-07-2025
- Business
- Yahoo
Tech hiring activity outpaces expectations, CompTIA Tech Jobs Report finds
3 of 4 tracking metrics in the positive for the month DOWNERS GROVE, Ill., July 3, 2025 /PRNewswire/ -- The unemployment rate for technology occupations dropped below 3% in June as companies added tech professionals to their payrolls, according to CompTIA, the leading global provider of vendor-neutral information technology (IT) training and certifications. Tech occupation employment, which encompasses companies in all industry sectors, increased by an estimated net new 90,000 workers for the month, according to CompTIA analysis of U.S. Bureau of Labor Statistics (BLS) #JobsReport data.1 The tech unemployment rate fell back below three percent to 2.8%, compared to 3.4% in May. The tech unemployment rate remains consistently lower than the benchmark national rate. Tech sector companies reduced staffing by a net 7,256 positions across all job role types in June. The tech manufacturing sector accounted for the largest share of job losses, mirroring the broader uncertainty in U.S. manufacturing activity. Following their common practice, the BLS issued an upward revision to last month's tech sector employment figures, boosting the gain by 400% to a net new 7,600 workers added to payrolls. "Tech employment showed surprising strength for the month given recent expectations," said Tim Herbert, chief research officer, CompTIA. "It's worth pointing out there is more to tech hiring than AI. The data continues to confirm employer hiring activity across many tech talent domains." Active employer job listings for tech positions reached 455,341 in June, with 47% of the total (211,924) newly added last month, according to CompTIA analysis of Lightcast job posting data. Demand was strongest for software developers and engineers, systems engineers and architects, tech support specialists, cybersecurity engineers and architects, and network engineers and architects. The AI Hiring Intent Index component of CompTIA's Tech Jobs Report continues to show the relative growth of employer hiring for an increasingly wide range of positions that now require some degree of AI fluency skills. Job listings for this category of hiring were up 153% for the month compared to the same period in 2024. Hiring for dedicated AI specialists, such as AI architects or AI engineers, is also growing rapidly but remains limited to certain types of employers. Employers continue to look at skills-based hiring to expand the candidate pool to fill tech staffing needs. Nearly 50% of June job postings did not specify a requirement for a four-year degree. These jobs are in a range of technology disciplines, including network support, tech support, database administration, network and systems administrators and web developers. Open positions are also widely available at all experience levels: 21% for workers with 0-3 years' experience; 30% for workers in the 4- to 7-year experience range; and 17% for candidates with 8 or more years in the workforce. Several metropolitan areas saw double-digit percentage increases in tech job postings from May to June, including Providence (21%), San Antonio (+21%), Baltimore (+14%) and Indianapolis (+14%). On a volume basis, Washington, New York, Dallas, San Francisco and San Jose had the largest numbers of job postings. The "CompTIA Tech Jobs Report" is available at About CompTIA CompTIA Inc. is the leading global provider of vendor-neutral information technology (IT) training and certifications. CompTIA unlocks potential in millions of aspiring technology professionals and careers changers. Working in partnership with thousands of academic institutions and training providers, CompTIA helps students build career-ready skills through best-in-class learning solutions, industry-recognized certifications and career resources. Learn more at Media ContactSteven OstrowskiCompTIAsostrowski@ 1 Labor market data from the U.S. Bureau of Labor Statistics and employer job postings from Lightcast may be subject to backward revisions. View original content to download multimedia: SOURCE CompTIA Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
03-07-2025
- Business
- Associated Press
Tech hiring activity outpaces expectations, CompTIA Tech Jobs Report finds
3 of 4 tracking metrics in the positive for the month DOWNERS GROVE, Ill., July 3, 2025 /PRNewswire/ -- The unemployment rate for technology occupations dropped below 3% in June as companies added tech professionals to their payrolls, according to CompTIA, the leading global provider of vendor-neutral information technology (IT) training and certifications. Tech occupation employment, which encompasses companies in all industry sectors, increased by an estimated net new 90,000 workers for the month, according to CompTIA analysis of U.S. Bureau of Labor Statistics (BLS) #JobsReport data.1 The tech unemployment rate fell back below three percent to 2.8%, compared to 3.4% in May. The tech unemployment rate remains consistently lower than the benchmark national rate. Tech sector companies reduced staffing by a net 7,256 positions across all job role types in June. The tech manufacturing sector accounted for the largest share of job losses, mirroring the broader uncertainty in U.S. manufacturing activity. Following their common practice, the BLS issued an upward revision to last month's tech sector employment figures, boosting the gain by 400% to a net new 7,600 workers added to payrolls. 'Tech employment showed surprising strength for the month given recent expectations,' said Tim Herbert, chief research officer, CompTIA. 'It's worth pointing out there is more to tech hiring than AI. The data continues to confirm employer hiring activity across many tech talent domains.' Active employer job listings for tech positions reached 455,341 in June, with 47% of the total (211,924) newly added last month, according to CompTIA analysis of Lightcast job posting data. Demand was strongest for software developers and engineers, systems engineers and architects, tech support specialists, cybersecurity engineers and architects, and network engineers and architects. The AI Hiring Intent Index component of CompTIA's Tech Jobs Report continues to show the relative growth of employer hiring for an increasingly wide range of positions that now require some degree of AI fluency skills. Job listings for this category of hiring were up 153% for the month compared to the same period in 2024. Hiring for dedicated AI specialists, such as AI architects or AI engineers, is also growing rapidly but remains limited to certain types of employers. Employers continue to look at skills-based hiring to expand the candidate pool to fill tech staffing needs. Nearly 50% of June job postings did not specify a requirement for a four-year degree. These jobs are in a range of technology disciplines, including network support, tech support, database administration, network and systems administrators and web developers. Open positions are also widely available at all experience levels: 21% for workers with 0-3 years' experience; 30% for workers in the 4- to 7-year experience range; and 17% for candidates with 8 or more years in the workforce. Several metropolitan areas saw double-digit percentage increases in tech job postings from May to June, including Providence (21%), San Antonio (+21%), Baltimore (+14%) and Indianapolis (+14%). On a volume basis, Washington, New York, Dallas, San Francisco and San Jose had the largest numbers of job postings. The 'CompTIA Tech Jobs Report' is available at About CompTIA CompTIA Inc. is the leading global provider of vendor-neutral information technology (IT) training and certifications. CompTIA unlocks potential in millions of aspiring technology professionals and careers changers. Working in partnership with thousands of academic institutions and training providers, CompTIA helps students build career-ready skills through best-in-class learning solutions, industry-recognized certifications and career resources. Learn more at Media Contact Steven Ostrowski CompTIA [email protected] +1.630.678.8468 1 Labor market data from the U.S. Bureau of Labor Statistics and employer job postings from Lightcast may be subject to backward revisions. View original content to download multimedia: SOURCE CompTIA
Malaysian Reserve
06-06-2025
- Business
- Malaysian Reserve
Uneven tech jobs report clouded by a confluence of factors, CompTIA finds
Economic, geopolitical and technological uncertainties weigh on tech hiring DOWNERS GROVE, Ill., June 6, 2025 /PRNewswire/ — Uneasiness continues to weigh on tech hiring activity, according to CompTIA, the leading global provider of vendor-neutral information technology (IT) training and certification products. Tech sector companies added a modest 1,571 net new employees in May, analysis of U.S. Bureau of Labor Statistics (BLS) #JobsReport data reveals.1 Job growth in cloud infrastructure and tech services was offset by reductions in the telecommunications sector. Tech occupation employment across the economy declined by an estimated 131,000 positions.2 With prior month employment gains, tech occupation employment remains in the positive for the year. The unemployment rate for tech occupations for May was 3.4%, roughly in line with April's 3.5% rate. The tech unemployment rate continues to sit below the national rate. 'It is undoubtedly a challenging time for employers and job seekers facing uncertainty on multiple fronts,' said Tim Herbert, chief research officer, CompTIA. 'At the same time, it requires taking a measured approach given the data continues to hold up reasonably well.' Active employer job postings for tech positions reached nearly 470,000 last month, including 208,791 new postings added in May.3 There was solid employer demand for software developers and engineers, tech support specialists, systems engineers and architects and cybersecurity engineers and architects. Hiring for artificial intelligence (AI) positions and those requiring AI skills continues to increase at a rapid pace, according to CompTIA analysis of Lightcast data. Employer job postings related to AI are up 117% year-to-date year-over-year. Skills-based hiring remains core to many employers' recruiting strategies. About one-half of all tech job postings did not specify a need for a four-year academic degree, but rather some combination of work experience, training and industry-recognized certification. The finance and insurance industry sector saw a 21% increase in new tech occupation job postings in May, while new tech job openings in the retail sector rose by 16%. The New York City, Washington and Dallas metropolitan areas had the highest volumes of tech job postings for the month. Four metro markets experienced double-digit percentage increases in tech job postings from April to May: Virginia Beach (+25%), Colorado Springs (+16%), San Diego (15%) and Seattle (+10%). The 'CompTIA Tech Jobs Report' is available here. About CompTIA CompTIA Inc. is the leading global provider of vendor-neutral information technology (IT) training and certification products. CompTIA unlocks potential in millions of aspiring technology professionals and careers changers. Working in partnership with thousands of academic institutions and training providers, CompTIA helps students build career-ready skills through best-in-class learning solutions, industry-recognized certifications and career resources. Learn more at Media Contact Steven Ostrowski CompTIA sostrowski@ +1.630.678.8468 1 Labor market data from the U.S. Bureau of Labor Statistics and employer job postings from Lightcast may be subject to backward revisions.2 Monthly occupation level data from the U.S. Bureau of Labor Statistics tends to experience higher levels of variance and volatility.3 Active job postings include new postings added by employers in the latest month and open postings carried over from previous months.
Bloomberg
18-05-2025
- Business
- Bloomberg
Inspire Medical CEO on Improving Patient Outcomes
Tim Herbert, Founder, Chairman, President and CEO of publicly traded Inspire Medical Systems, discusses the company's breakthrough technology that helps people suffering from obstructive sleep apnea, as well as the company's strong quarterly earnings amid headwinds facing the broader health care industry. Tim speaks with Tim Stenovec and Emily Graffeo on Bloomberg Businessweek Daily. (Source: Bloomberg)
Yahoo
05-05-2025
- Business
- Yahoo
Inspire Medical Systems's (NYSE:INSP) Q1: Strong Sales, Stock Soars
Medical technology company Inspire Medical Systems (NYSE:INSP) announced better-than-expected revenue in Q1 CY2025, with sales up 22.7% year on year to $201.3 million. The company expects the full year's revenue to be around $947.5 million, close to analysts' estimates. Its GAAP profit of $0.10 per share was significantly above analysts' consensus estimates. Is now the time to buy Inspire Medical Systems? Find out in our full research report. Revenue: $201.3 million vs analyst estimates of $195.2 million (22.7% year-on-year growth, 3.1% beat) EPS (GAAP): $0.10 vs analyst estimates of -$0.24 (beat) Adjusted EBITDA: $33.19 million vs analyst estimates of $16.51 million (16.5% margin, significant beat) The company reconfirmed its revenue guidance for the full year of $947.5 million at the midpoint EPS (GAAP) guidance for the full year is $2.25 at the midpoint, beating analyst estimates by 4.1% Operating Margin: -0.7%, up from -9.3% in the same quarter last year Market Capitalization: $4.76 billion 'We are very proud of our performance in the first quarter which included strong revenue growth and continued progress on profitability. We achieved a tremendous milestone with over 100,000 patients receiving Inspire therapy and we are still just getting started in growing awareness and adoption,' said Tim Herbert, Chairman and CEO of Inspire Medical Systems. Offering an alternative for the millions who struggle with traditional CPAP machines, Inspire Medical Systems (NYSE:INSP) develops and sells an implantable neurostimulation device that treats obstructive sleep apnea by stimulating nerves to keep airways open during sleep. Reviewing a company's long-term sales performance reveals insights into its quality. Any business can have short-term success, but a top-tier one grows for years. Over the last five years, Inspire Medical Systems grew its sales at an incredible 57.3% compounded annual growth rate. Its growth surpassed the average healthcare company and shows its offerings resonate with customers, a great starting point for our analysis. Long-term growth is the most important, but within healthcare, a half-decade historical view may miss new innovations or demand cycles. Inspire Medical Systems's annualized revenue growth of 34.2% over the last two years is below its five-year trend, but we still think the results suggest healthy demand. This quarter, Inspire Medical Systems reported robust year-on-year revenue growth of 22.7%, and its $201.3 million of revenue topped Wall Street estimates by 3.1%. Looking ahead, sell-side analysts expect revenue to grow 18.2% over the next 12 months, a deceleration versus the last two years. Still, this projection is admirable and implies the market is forecasting success for its products and services. Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. Although Inspire Medical Systems broke even this quarter from an operational perspective, it's generally struggled over a longer time period. Its expensive cost structure has contributed to an average operating margin of negative 5.6% over the last five years. Unprofitable healthcare companies require extra attention because they could get caught swimming naked when the tide goes out. On the plus side, Inspire Medical Systems's operating margin rose by 47.2 percentage points over the last five years, as its sales growth gave it operating leverage. Zooming in on its more recent performance, we can see the company's trajectory is intact as its margin has also increased by 16.9 percentage points on a two-year basis. These data points are very encouraging and shows momentum is on its side. In Q1, Inspire Medical Systems generated a negative 0.7% operating margin. Revenue trends explain a company's historical growth, but the long-term change in earnings per share (EPS) points to the profitability of that growth – for example, a company could inflate its sales through excessive spending on advertising and promotions. Inspire Medical Systems's full-year EPS flipped from negative to positive over the last five years. This is a good sign and shows it's at an inflection point. In Q1, Inspire Medical Systems reported EPS at $0.10, up from negative $0.34 in the same quarter last year. This print easily cleared analysts' estimates, and shareholders should be content with the results. Over the next 12 months, Wall Street expects Inspire Medical Systems's full-year EPS of $2.17 to grow 26.7%. We liked that Inspire Medical Systems beat across the board, exceeding analysts' revenue, adjusted EBITDA, and EPS expectations this quarter. Its full-year EPS guidance outperformed Wall Street's estimates, as the company maintained its outlook from the previously-provided one. Zooming out, we think this quarter featured some important positives. The stock traded up 6.8% to $170 immediately after reporting. Indeed, Inspire Medical Systems had a rock-solid quarterly earnings result, but is this stock a good investment here? The latest quarter does matter, but not nearly as much as longer-term fundamentals and valuation, when deciding if the stock is a buy. We cover that in our actionable full research report which you can read here, it's free.
