Bhushan Lodha @CodeAndMarkets
Analysing security, coding and cycling Berlin Joined November 2009-
Tweets98
-
Followers56
-
Following54
-
Likes2
To everyone who is scratching their head about why $ADBE dropped after such a great print. - CFO exit - Margins compressed, both GAAP and non-GAAP - Non GAAP opex was up 14% (ahead of revenue) - Freemium strategy may have poor future pay off as model switching costs are very low. Some other interesting info: - $ADBE spent 0.88% of their revenue in capex compared to SaaS peers, $CRM spent 1.3% and $NOW's 3.74% - So freemium and discounted AI usage cause direct operating margin pressure as they reserve higher capacity at hyperscalers - Both frontier labs are totally focussed on improving coding tasks and making unit economics work. The only heavyweight player investing heavily in media generation is $GOOGL - potentially using their own TPUs - Generating media is substantially more expensive than generating text based tokens. 1 image costs ~2000 lines of code, 1 video is ~10000 lines of code. So its a massive driver of compute demand - Which makes it quite compelling for $NVDA to have a deep partnership or even an equity stake - Personal experience using Adobe products. Acrobat Reader is an exceptional product (especially AI read aloud), far superior than any other document viewer. Adobe Firefly's speech based models are impressive. Adobe Express is mid.
@ariaradnia I’m interested in this but trying to figure out why partner business (38% of revenue) is slowing down.
Here is how much incremental ARR $ADBE added during last few quarters. Q1 2025 - 450M Q2 2025 - 580M Q3 2025 - 660M Q4 2025 - 920M Q1 2026 - 400M Q2 2026 - (TBA tomorrow) This is the the number that decides whether $ADBE goes to $200 or $300 next.
@swiss_felix @Poan__Sapdi well it has been 5ish years now and there has been no arrest warrants yet.
$IT pricing stack (per seat per year)
Gartner $IT lives in IT Services, which became the largest segment in 2024 but is growing at a much more modest pace — and within that, research & advisory is a niche that’s growing slower than the segment average.
Two fastest-growing segments — Data Centers (+55.8%) & Software (+15.1%) — are where Gartner $IT has zero direct revenue exposure. They benefit $IT only indirectly, because more vendor complexity and more enterprise technology decisions theoretically drives demand for advisory.
Gartner’s $IT total revenue is roughly $6.1 billion — meaning it represents about 0.3% of its own IT Services category, and less than 0.1% of total IT spending
@ariaradnia Love the business and the team behind it, but still probably little bit expensive at this price.
GenAI cannot produce reports of the same quality as those from Gartner ai-deep-dives.vercel.app/codeandmarkets…
Everyone thinks Gartner $IT sells “research”. That’s not the business. It sells decision confidence to executives.
Why does $BRO run at ~30%+ margins while $AJG is ~22–24%? Same industry. ~800 bps gap. I dug into it 👇 ai-deep-dives.vercel.app/codeandmarkets…
$AJG spends 56% of revenue on compensation. $BRO spends 49% Two insurance brokers. Same game. One keeps far more profit. Why???
@airtelindia Internet in my locality (PIN 422008) goes down every few days for half a day or more — it’s not just me, the whole area is affected. This is disrupting work and daily life. Fix this recurring issue or give us a proper explanation. #AirtelDown
Check out my latest article: Dockerfile Best Practices linkedin.com/pulse/dockerfi… via @LinkedIn
@Airtel_Presence it is 8th wonder that your company still survives even though you have proven the worst customer service in world. #neverairtel #saynotoairtel
@Airtel_Presence worst service ever. Since morning I have been chasing your exec for broadband connection but no response from anyone yet
Veronica Nolan @NolanVeron669
31 Followers 2K Following
Roodorf @RoodorfI7LN
54 Followers 4K Following
Soosli @Soosli16132
83 Followers 5K Following
Saurabh Lodha @SrbhLodha
44 Followers 28 Following
Rasika Katakkar @RasikaKat
10 Followers 131 Following
Nikhil Mayekar @NikhilMayekar4
17 Followers 137 Following
Adela Barreto @adelina_bar
277 Followers 1K Following
Pranav Mahamulkar @PMahamulkar
34 Followers 738 Following Dream big. Start Small. Never Rest. Never Rust.
Sujay Londhe @sujaylondhe10
51 Followers 324 Following Assistant Manager in Man Trucks India Pvt Ltd.
antony @antonysampat
19 Followers 162 Following
Sagar Naikade @naikadesagar
140 Followers 467 Following Always trying to keep myself busy... Having Big Dreams Heading Towards Them... Die Hard Cricket Lover
rohit nayak @nykrohit
282 Followers 638 Following Vice President | Social Entrepreneur | Sustainability Geek
John H (@jdherg@masto... @jdherg
666 Followers 2K Following @recursecenter & @WUSTL alum. Formerly tech on https://t.co/KtKltQ75Le, @HillaryClinton/@HFA, @stripe, etc. I fav too much.
Aishwarya Subramanian @aishbuilds
230 Followers 453 Following Once built, twice automated ⚙️ Engineering @gitlab 👨🚒 Alum @firehydrant @recursecenter @olacabs 🌌 photographer
Deepak Vig @DeepakvigVig
8 Followers 115 Following
Akkshay Adagale.. @AkkshayAdagale
107 Followers 793 Following ⚙Engineer ☕CoffeeAddict 🍴Foodie 🎥Photographer 🎭Dancer 🌍Explorer 📱Techie ✈Traveler ⚓Trekker 🚗BMW 🎵Music Lover 📚Fiction 💙PUNEKAR..
Pramod Gangwal @pramodgangwal
15 Followers 68 Following
Laura Guerrero @LauraGroAmco
2 Followers 31 Following
sonali chopda @SonaliChopda
27 Followers 77 Following
bhong vijay @bhongvijay001
0 Followers 15 Following
Avdhoot Walunj @AvdhootWalunj1
101 Followers 606 Following
Atman Kulkarni @atmankulkarni
557 Followers 516 Following Theater Enthusiast | Gamer | Football Lover
Yatish Dravid @DrAvidYatish
122 Followers 804 Following
krishna lodha @krishnaglodha
453 Followers 332 Following Open source GIS Developer | Content Creator | Indie hacker
Sanket Yeole @sankety
80 Followers 151 Following
Avinash G A @avinashga
89 Followers 627 Following Avinash G A Senior Software Engineer EMC Corporation.
Ramprabhu @Ramprabhu_uk
217 Followers 2K Following
chetan.muneshwar @chetanM
62 Followers 332 Following
Asutosh @2asutosh
7 Followers 42 Following
rajendra s.lodha @rajendraslodha
83 Followers 705 Following Hi.. i am social worker, and Private Secreatary of Hon. Shri. Gopinathji Munde.
🕉️🚗 @omkardanke
59 Followers 189 Following
ecoad @ecoadpune
224 Followers 223 Following EcoAd is working to make a plastic bags free world and provide sustainable livelihood to women at Bottom of Pyramid
Rajarshi Das @rdas_2576
3 Followers 8 Following
AltayCap @AltayCapital
15K Followers 986 Following Value investor. Istanbul. Nothing I post is investment advice. All my writeups are free. No paywalls. https://t.co/vNBoJqnyTK
Rose Celine Investmen... @realroseceline
27K Followers 5K Following Equity investor sharing wisdom. I am not your advisor.🌹
Finsee @Finsee_main
8K Followers 0 Following Using AI to summarise companies' earnings. Not advice. AI could make mistakes, double check the output. Articles with charts - https://t.co/XPvKIyrLjC
Wolf of Harcourt Stre... @wolfofharcourt
19K Followers 450 Following Understanding the world of investing, one number at a time | Newsletter covering research reports, earnings reviews and transparent portfolio insights
Jerry Capital @JerryCap
59K Followers 618 Following Not selling anything. Not investment advice. Personal but public journal. Arguing with you to spare my family. DM mutual to unblock. Canadian Propaganda
Aria Radnia 🇮🇷 @ariaradnia
26K Followers 1K Following mostly stocks & investing ~ check out the YT 👇
Zack T @ZackStacksKap
292 Followers 264 Following Stock commentary | Top holdings: $NET $SHOP $MELI $CRWD | Just my thoughts - not financial advice.
Serenity @aleabitoreddit
898K Followers 173 Following I only use X, beware of imposters. AI/Semi Supply Chain Analyst Not investment advice, DYODD. Sharing personal thought process on supply chain bottlenecks.
Francesco @FranVezz
22K Followers 289 Following Swing trader focused on risk FIRST. For trade ideas, market analysis, nightly video & lots more, check out my 5x weekly newsletter. Also lead a Discord room.
Nathan Bancroft @n_bancroft2
19K Followers 237 Following Personal Trading Journal https://t.co/g01uVhkimV
Marsten Parker @mars10p
8K Followers 142 Following I build software for systematic traders and help them use it. There's a chapter about me in a Market Wizards book.
Donald J. Trump @realDonaldTrump
111.7M Followers 53 Following 45th & 47th President of the United States of America🇺🇸
Goshawk Trades @GoshawkTrades
74K Followers 391 Following Algorithmic trader | 7 years live | 10+ algos in production Helping traders go algorithmic (300+ so far). Co-founder @AskEdgarIO (AI agents for funds).
Vaibhav Domkundwar @vaibhavbetter
30K Followers 105 Following founder @better_capital investing at idea stage across ai, software, fintech, climate & india. 3x founder. @ucberkeley engg. 🇺🇸🇮🇳
Max Levchin @mlevchin
256K Followers 602 Following И чтец, и жнец, и на дуде игрец. Affirm, Glow, SciFi. ✡️
Sven Fuchs @svenfuchs
3K Followers 1K Following Dissent is, after all, a byproduct of diversity. (@nrrrdcore)
Dave Morin 🦞 @davemorin
502K Followers 4K Following Partner @OfflineVentures • Chairman @Esalen • Board @OpenClaw • Founder @Slow @Path • Early @Apple @Facebook • Skier • Dad of 3
AngelList @AngelList
411K Followers 155 Following AngelList provides fund management, banking, and retail venture fund for people investing in private markets.
GV @GVteam
514K Followers 783 Following Launched as Google Ventures in 2009, GV supports innovative founders moving the world forward.
John Vrionis @jvrionis
5K Followers 969 Following Aspiring man for others. Catholic. Father of 3. Husband. Founder @Unusual_VC
Arif Janmohamed @arifj
8K Followers 1K Following Partner at Lightspeed Venture Partners. Early stage enterprise investor. Dad. 🇨🇦 🇺🇸
Uber India @Uber_India
333K Followers 512 Following Hop in, let's go places! Cab, Bikes, Auto, and more arriving at your doorstep 🫡 For customer support, visit @UberIN_Support
Jeremy Stoppelman @jeremys
186K Followers 651 Following Co-founder and CEO of Yelp. YIMBY. Pro pedestrians, bikes, and transit.
Eric Ries @ericries
302K Followers 2K Following Order my new book INCORRUPTIBLE & unlock exclusive bonuses at https://t.co/nlix8H5nfl
Game of Thrones @GameOfThrones
7.7M Followers 32K Following Win or die. New episodes of #HOTD Season 3, Sundays at 9pm.
Jason Shen · The Out... @JasonShen
9K Followers 2K Following exec coach · helping founders build companies they can be proud of with partners who truly have their back · alum meta etsy yc stanford
Toptal @toptal
221K Followers 3K Following With over $5 billion in global payments, $200 million in annual revenue, 70k contracts signed — Toptal is the world’s largest fully remote workforce.
GitHub @github
2.7M Followers 333 Following The AI-powered developer platform to build, scale, and deliver secure software.
Yehuda Katz @wycats
60K Followers 677 Following @[email protected] OSS enthusiast and @wykittens's parent. Heroku. Co-author of Extensible Web Manifesto. Front-end developer. @wifelette's husband. he/him
Tom Preston-Werner @mojombo
59K Followers 4K Following Inventor. Investing @PWVentures. Formerly: GitHub cofounder. Board @HackClub @Ona_hq @MoteHydrogen. Also: Gravatar, Jekyll, SemVer, TOML, RedwoodJS.
Manohar Parrikar Memo... @manoharparrikar
6.0M Followers 13 Following
Paul Graham @paulg
3.7M Followers 795 Following
Jim Weirich @jimweirich
9K Followers 627 Following Chief Scientist at @neo_innovation, Ruby Enthusiast, Clojure dabbler.
Dr Nic @drnic
11K Followers 493 Following
Nick Sieger [日空] @nicksieger
2K Followers 640 Following Longtime purveyor of artisanal, hand-crafted shell scripts. Yes-and'ing all the ideas. He/him #BlackLivesMatter #GeorgeFloyd #ICantBreathe
Sanjay Swamy (theswam... @TheSwamy
25K Followers 5K Following Entrepreneur First, then VC! Managing Partner PRIME Venture Partners @primevp_in Crazy about Startups!Views are personal! #SuperStarArmChairCricketCommentator!
RubyConfIndia @rubyconfindia
3K Followers 148 Following The official Twitter handle of the Ruby programming conference in India - RubyConfIndia!
Gautam Rege @gautamrege
3K Followers 332 Following Ruby, Golang specialist, Co-founder & Director at https://t.co/Y0iiAa4qqY. Speaker, Author. Latest: “Hands On Micro-services and Go” video tutorial
@sarcasticrover.bsky.... @SarcasticRover
749K Followers 2K Following
Kent Beck 🌻 @KentBeck
185K Followers 849 Following Pioneered JUnit/xUnit, patterns, XP, TDD. Ex-Apple, Meta, Gusto, Mechanical Orchard. Learning to be me. Blogging at https://t.co/wJpBuSGJyB.
neha @nehalodha73
90 Followers 44 FollowingTrends for United States
You might like
