By Andrew Ladd – 9 November 2018 09:37:53Technology companies, especially those with high turnover, often want to maintain a healthy head count in order to ensure they can remain profitable, particularly in an increasingly competitive world.
The problem with that strategy is that it will inevitably result in a drop in the number of customers they can count on to make their products and services work.
In this case, however, the company has turned to quants.
For the last 10 years, Quanta Technologies has been one of the most active technology companies in Australia.
In 2018, it became one of only two Australian technology companies to be ranked in the top 25 of the Dow Jones Sustainability Indices, while the rest were ranked in 10th place.
That ranking helped Quanta, which has more than 7,000 employees in Australia, become the second largest company in Australia to achieve the coveted top spot in the Dow.
Its stock has been surging since the company was valued at $7.5 billion in 2018, rising by $150 million in the last 12 months, according to data compiled by the Australian Stock Exchange.
It is now valued at more than $10 billion.
That rise has seen it become a top 20 company globally in terms of revenue, up from 19th place last year.
But this success is not confined to Australia.
The stock has also seen a surge in the valuation of its Asian business, with it now valued as high as $7 billion in 2017.
Quanta’s stock is also up over 50 per cent in Australia since 2016.
It’s not the only company that has found itself in the sights of a quants-inspired crisis.
In December, Google announced that it would no longer buy quants’ stock after failing to find enough customers to meet the company’s growth targets.
Quants have now become one of Google’s biggest losers.
Google says it will no longer purchase quants shares because it was not able to meet its growth targets The Google acquisition of Quanta Technology was an unlikely one, with the company not having much in the way of a clear vision for its business.
But that is no longer the case.
Quanta’s founder and CEO, Ian Hogg, is now leaving the company to take a job at the Australian Institute of Management, and he has promised to keep working for the company.
Quants shares have been climbing rapidly since it was valued around $5 billion, and now are valued at about $10.5 million.
But the stock has suffered some bad news in the past month.
It lost one of its biggest shareholders, the Australian Property Investment Trust, which owns approximately $400 million of the company, to a Chinese company.