Simpro Group Hires Industry Veteran to Help Drive Strategic Field Services Transformation in North America
'Amy embodies everything we value at Simpro – she's a hands-on operator who understands the real challenges facing field service businesses because she's lived them,' said Gary Specter, CEO of Simpro Group.
Share
Since acquiring Foster Plumbing in 2018, Carnrick has demonstrated extraordinary vision and expertise in the trades industry. Drawing on her entrepreneurial mindset and deep operations expertise, she spearheaded the strategic adoption of Simpro technology at Foster Plumbing, doubling business revenue, expanding into new markets, and earning national accolades, including the 2023 Small Business Person of the Year (U.S. Small Business Administration, Colorado) and the 2024 Top 50 Colorado Companies to Watch.
'Amy embodies everything we value at Simpro – she's a hands-on operator who understands the real challenges facing field service businesses because she's lived them,' said Gary Specter, CEO of Simpro Group. 'Her proven ability to scale businesses and deliver impactful results aligns perfectly with our mission to help trade and field service organizations thrive.'
In her new role, Carnrick will play a pivotal part in amplifying Simpro's presence in the North American market. Focusing on the digital transformations happening across the trades industry, she will work closely with Simpro's go-to-market, product, and partner teams to deliver best-in-class, actionable solutions that address customer needs, including expanding the company's growing partner ecosystem. Additionally, she will drive initiatives to shape product innovation and strategy, further cementing Simpro's position as a trusted field service leader.
'I'm passionate about helping trade businesses achieve their full potential,' Carnrick shared. 'Having experienced first-hand how transformative the right field service management solution can be, I'm looking forward to now helping Simpro tell powerful, peer-grounded stories that show other operators what's possible when they have the right tools and strategy in place.'
About Simpro Group
Simpro Group provides best-in-class SaaS field service management solutions to trade and field service businesses worldwide. The group comprises four industry-leading companies, Simpro, BigChange, AroFlo and ClockShark with offices across North America, Australia, New Zealand and the UK. Simpro, BigChange and AroFlo provide comprehensive field service management software for growth-minded trade and field service businesses, while ClockShark specializes in time-tracking and scheduling software solutions. Together, these companies seek to drive businesses forward with solutions that empower teams to work smarter, provide foundations for business scaling, and offer data-driven insights to fuel decision-making. Ready to transform your business? Explore our products at simprogroup.com, bigchange.com, aroflo.com and clockshark.com.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Insider
4 hours ago
- Business Insider
Palantir or AMD: UBS Picks the Superior AI Stock to Buy After Earnings
The AI boom is nearly 3 years old, and one thing is certain about it: the boom has legs, and AI is here to stay. More and more companies are turning to the technology to enhance all sorts of functions, from customer service to chatbots to high-level data analytics and even to decision-making processes. According to Fortune Business Insights, up to 35% of all businesses have integrated AI into their work models. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. This equals big money for the AI developers out there. Chip makers, AI app creators, data analysis firms – all of these and more have created an industry that was valued at $233 billion last year, and is estimated by Fortune Business Insights to hit $294 billion this year – and to show a CAGR of 29.2% through 2032, reaching $1.77 trillion that year. We should note that North American AI companies, mainly in the US, are leading this industry, with a 2024 market share of nearly 33%. With numbers like these, it's no surprise that UBS analysts are combing through the sector to pinpoint the most promising AI stocks. Their latest deep dive zeroes in on two recent earnings reporters – Palantir (NASDAQ:PLTR) and Advanced Micro Devices (NASDAQ:AMD) – to see which is the superior AI stock to buy. Let's take a closer look. Palantir The first AI stock we'll look at here is one of the leaders in the field. Palantir is well-known for marrying AI technology and capabilities to the field of data analysis, a match that has matured into a solid product platform – AIP, or AI Platform – and a set of tools whose wide applicability has made them highly popular. Since its founding in 2003, Palantir has developed a reputation for innovation, and has built itself into a $441 billion giant of the AI industry. Palantir's AIP is purpose-built to combine AI tech with human intuition and flexibility, to gain the best from both – and to improve outcomes and results in data analysis. The products also use AI technology to improve the user interface, making it easy to use and simple to understand. The AI reads and responds in real text, based on natural language models; in practice, Palantir's users don't need to learn machine language or computer coding to communicate with the AI – they can simply enter their requests in clear text and receive responses the same way. The technology is also amenable to real-time translations, making Palantir's products easy to market internationally – the system just needs to be told what language it is using, and its translation algorithms handle the rest. The company's products and capabilities have proven particularly popular in government use, especially in the Department of Defense. This is clear from the company's frequent announcements of new projects; DoD contracts and partnerships are regularly featured. Two examples: in July, Palantir announced that it had entered into a joint program, Warp Speed for Warships, with BlueForge Alliance, to accelerate warship production, fleet readiness, and digital transformation for the US Navy. And in June, the company launched a strategic partnership with Accenture, for the deployment of commercial-grade, AI-powered solutions designed to meet the high-priority operational challenges across a wide range of Federal agencies. In its last quarterly report, covering 2Q25, the company announced a series of strong gains in key metrics. The company's customer count was up 43% year-over-year, providing a base that supported a 48% YoY jump in revenue, to $1.004 billion – marking Palantir's first billion-dollar quarter and beating the forecast by $60.5 million. At the bottom line, Palantir realized non-GAAP earnings of 16 cents per share, 2 cents per share better than had been expected. The company's quarterly adjusted free cash flow came to $569 million, which represented a margin of 57%. And the company finished the quarter with cash and liquid assets totaling $6 billion. About the only thing that has grown faster than Palantir's financial markers was the company's share price. Year-to-date, shares in Palantir have far outpaced the broader markets. PLTR trades on the NASDAQ, which is up 11% so far this year, and it is a component of the S&P 500 index, which is up 9%; at the same time, for the year-to-date, PLTR has gained an impressive 147%. For the past three years, the stock's gain is over 1,849%. Covering Palantir for UBS, 5-star analyst Karl Keirstead notes the company's strong performance, yet he finds it impossible to ignore its high valuation. He writes, 'Palantir reported its 8th straight quarter of revs growth acceleration, a turnaround that we've never seen before, from 13% growth in 2Q23 to a 2Q25 growth rate of 48%, while at a $4 billion revs scale. Palantir raised the full year 2025 total growth guidance to 45% from 36%, without compromising on the non-GAAP margin target, which was inched up to 46%. Palantir is benefiting from a confluence of mega-trends in AI application development, investments at the data layer and the modernization of defense tech, but valuation at 136x CY26E FCF remains our key hurdle…' That hurdle leads Keirstead to rate PLTR as Neutral (i.e., Hold). His price target on the stock is $165, implying a one-year downside of ~12%. (To watch Keirstead's track record, click here) The Street generally would seem to agree with the UBS view. PLTR has a Hold consensus rating, based on 19 recent analyst reviews that include 4 to Buy, 13 to Hold, and 2 to Sell. The shares are priced at $186.96 and have an average price target of $152.12, suggesting that the share price will fall by ~19% in the next 12 months. (See PLTR stock forecast) Advanced Micro Devices Next up on the AI stage is AMD, a fast-rising contender steadily climbing the semiconductor ranks with a solid growth streak. It may not yet belong to the trillion-dollar club alongside Nvidia, Broadcom, and TSMC, but with a market cap near $280 billion, AMD is far from a lightweight. Over the past four quarters, it has pulled in roughly $30 billion in revenue, powered by a diverse portfolio spanning PCs, gaming rigs, and the surging AI/data-center market. Here, AMD isn't merely keeping pace – it's going toe-to-toe with Nvidia in AI accelerators and challenging Intel in PC microprocessors. That competitive edge has been sharpened in recent years as AMD shifted from its roots in PCs and gaming toward a bigger slice of the AI pie. The company now offers a broad lineup of AI solutions across CPUs, GPUs, and adaptive computing, with the flexibility to tailor products for specific customer needs – whether in data centers, at the edge, or in enterprise applications. This diversification isn't just theoretical; it's showing up in high-profile wins and an expanding product pipeline. In June, AMD landed Nokia as a customer for its 5th generation EPYC processors, which will power the Nokia Cloud Platform – a deal that underscores the broad applicability of its technology. Just a month earlier, AMD unveiled new high-performance computing products, including the Radeon RX 9060 XT and Radeon AI PRO R9700 graphics cards, plus the Ryzen Threadripper 9000 Series processors, targeting growth in gaming, content creation, and AI workloads. In 2Q25, AMD reported gains in both AI-related and gaming sales, with AI/data center sales climbing 14% YoY to $3.2 billion and gaming revenue surging 73% to $1.1 billion. Client revenue hit a record $2.5 billion, up 67% vs. the previous year, helping overall revenue climb 32% to $7.685 billion, thereby beating the estimates by $260 million. Non-GAAP EPS came in at 48 cents, in line with expectations, while cash on hand totaled $4.44 billion. For Q3, AMD anticipates revenue of ~$8.7 billion, with a possible variation of $300 million, compared to the $8.32 billion consensus estimate. That performance has caught the eye of UBS's Timothy Arcuri, an analyst who ranks in 6th spot amongst the thousands of Street stock experts, who sees reasons for both caution and optimism. 'AMD beat (on revenue) and guided above, but only to about where investor expectations were into the print. The bear would say that the beat was largely gaming-driven and while data center GPU is seeing a strong inflection in 2H, this was already baked into expectations and AMD did not raise the full year outlook for data center GPU despite all of the hyperscaler capex increases. In the very near-term, this may carry the day, but we think the path of travel for the business – and ultimately the stock – remains in a positive direction.' Laying out a supporting case for buying in, the 5-star analyst goes on to say, 'First, excluding China, AMD's data center GPU business is growing at a rate roughly similar to NVDA in C2H:25… Second, the outlook for market share growth in both the server and desktop portion of the CPU business is very strong with INTC's roadmap under duress – combined, these are ~35% of AMD's revenue and accretive to margins. Third, we would like to see gross margin inflecting quicker, but the underlying trends are still up and to the right with AMD able to at least hold GM flat even in CQ3 where the mix is unfavorable.' That conviction earned AMD a Buy rating from Arcuri, who set a $210 price target – pointing to a potential 21.5% gain over the next year. (To watch Arcuri's track record, click here) Overall, AMD boasts a Moderate Buy consensus rating from the Street, based on 37 analyst reviews that break down to 25 Buys and 12 Holds. The stock's current trading price of $172.76 is slightly below the $180.78 average target price, implying a modest one-year upside of ~5%. (See AMD stock forecast) To find good ideas for AI stocks trading at attractive valuations, visit TipRanks' Best Stocks to Buy, a tool that unites all of TipRanks' equity insights.
CNBC
2 days ago
- CNBC
Tech is getting a boost from AI ad tools. Some companies are being left behind
Artificial intelligence has been a shot in the arm for digital advertising. Meta and Alphabet both reported sales and earnings that beat Wall Street's expectations, but the strength in digital ad spend was notable. Meta CEO Mark Zuckerberg said during the earnings call that AI helped imbue "greater efficiency and gains across our ad system," thus contributing to the 22% year-over-year increase of second-quarter sales that hit $47.52 billion. Meta finance chief Susan Li also told analysts during a follow-up earnings call on July 30 that the online ad market appears to have improved since April. In April, Li noted that Asia-based online retailers pulled back on their digital ad spending amid broader macroeconomic uncertainty due to President Donald Trump's tough tariffs and the closing of the de minimis trade loophole. This quarter, Li said there's been a noticeable "improvement" with those Asian-based ecommerce firms, which have increased their digital ad spending on the platform along with small, North American-based advertisers. "We generally expect another quarter of healthy advertising demand," Li said about the advertising pickup. Gil Luria, the head of technology research at D.A. Davidson, said that while there is still broader macroeconomic uncertainty, "today, digital advertising in general, is doing well; It is simply an extension of the fact that the consumer is still strong." "There's optimism that consumer spending will hold up and therefore all the downstream markets will hold up," Luria said. "I think one of the things that its earnings taught us was that you can spend a lot of money on AI when your core business is doing well, and especially when your core business has been already benefiting from the investments that you've made in AI," Jasmine Enberg, a vice president and principal analyst for eMarketer, said about Meta's second quarter. The continued jaw-dropping pace of AI spending also doesn't seem to be slowing any time soon. Alphabet added an extra $10 billion to its 2025 forecast for capital expenditures, now pegged at $85 billion, while Meta raised the low end of its capital expenditures for the year to come in between $66 billion and $72 billion instead of $64 billion and $72 billion. Investors showed no signs of trepidation about Meta and Alphabet's massive AI spend because those companies' overall sales continued to rise. Outside of the tech giants, Reddit reported strong second-quarter sales of $500 million, representing a 78% year-over-year increase that helped lift the company's shares as much as 20%. "They kind of rose back like a phoenix and had some extraordinary results," Luria said about Reddit, which saw its shares plummet over 15% in February after it reported weaker-than-expected user numbers due to a Google search algorithm change. Reddit's blockbuster quarter contrasted with similar-sized peers like Snap and Pinterest, which both reported lukewarm quarterly earnings this week. Snap's second-quarter sales grew only 9% year-over-year and it missed Wall Street's estimates on global average revenue per user, a metric that refers to how much money the company derives from each user. Contributing to the miss was a botched update to Snap's advertising platform that hurt the company's "topline growth," Snap CEO Evan Spiegel said in an investor letter. The Snapchat parent on Wednesday also added Reddit to its list of competitors in its latest 10-Q filing on Wednesday, indicating a potential, burgeoning rivalry. Meanwhile, Pinterest shares sank over 10% on Thursday after it reported second-quarter earnings that missed on earnings per share. Pinterest finance chief Julia Brau Donnelly told analysts during an earnings call that the company is still noticing some tariff-related concerns, "and broader market uncertainty" as it previously indicated in May. Unlike Meta, Donnelly said that "Asia-based e-commerce retailers pulled back spend in the U.S.," underscoring how some advertisers gravitate toward bigger online ad platforms amid any signs of global economic uncertainty. "There's very little room for mistakes or missteps," Engberg said about the quarterly earnings reports from smaller tech firms like Snap and Pinterest. WATCHTech growth rates are remaining robust.
Yahoo
2 days ago
- Yahoo
Can Cannabis Stocks Reverse Their Prolonged Downtrend?
When Canada legalized recreational cannabis in 2018, many believed that the United States wouldn't be far behind. Optimism grew further when the 2018 Farm Bill legalized hemp nationwide, fueling hopes that full federal marijuana reform was within reach. Based on this confidence, investors envisioned a booming North American market, with cannabis stocks poised to become one of the decade's hottest growth stories. Six years later, that early promise has faded. Instead of the boom investors envisioned, cannabis equities have endured one of the most disappointing stretches in modern market history. What Went Wrong? Following the 2018 reforms, Canada-based licensed producers raced to list on U.S. exchanges with a bid to expand their operations globally. When these companies were listed, investors poured billions into them, betting on swift legalization across the nation. The hemp legalization even helped establish that a multi-billion-dollar opportunity awaited marijuana companies in the United States. But those reforms never arrived. While marijuana is legal in many U.S. states, it is still illegal at the federal level. This forces producers to comply with a patchwork of state regulations, while enduring penalizing tax rules such as IRS Section 280E, which prevents cannabis businesses from deducting most operating expenses. Limited access to banking and capital markets has continued to force many operators to borrow debt at high interest rates, further squeezing margins in an increasingly competitive market. Lawmakers remain deeply divided when it comes to marijuana legalization. Recently, attempts were made to 'close the hemp loophole' by adding new restrictions to a House spending bill; they were subsequently removed after pushback from industry supporters. Though the newly appointed DEA Commissioner, Terrance Cole, has signaled a willingness to review marijuana's federal classification, the lack of a clear timeline keeps this sector stuck in limbo. Cannabis Stocks Under Pressure At the time of listing on U.S. stock exchanges, Canada-based pure-play cannabis operators like Tilray Brands TLRY and Canopy Growth Corporation CGC debuted with multi-billion-dollar valuations. Today, those shares are trading at a fraction of that value, weighed down by declining revenues and persistent losses. Even U.S.-based Green Thumb Industries GTBIF — one of the few pure-play cannabis companies still valued north of a billion dollars — faces the same structural challenges, despite posting a full-year profit in 2024. Some industry players have even shifted gears and pivoted to other areas. Tilray expanded its footprint in the craft beer and beverage alcohol segment, while Canopy Growth is focusing on health and wellness brands. Others are streamlining operations to survive until federal reform materializes. The underperformance of Green Thumb, Tilray and Canopy Growth is in line with the broader sector. The AdvisorShares Pure US Cannabis ETF, widely seen as the benchmark for U.S. marijuana equities, has plunged 86% over the past five years, highlighting the prolonged and severe downturn in the industry. What Can Turn It Around? For cannabis stocks, the clearest catalyst remains U.S. federal reform. Descheduling or rescheduling marijuana could remove the tax burdens and improve banking access. This will likely attract the attention of institutional investors and open the U.S. stock exchange listings to more domestic operators. International markets like Europe and Australia are opening up, with early movers reporting record growth. These expanding opportunities, coupled with any shift in U.S. policy, could finally set the stage for a long-awaited rebound. Our Take Investors should exercise caution and closely monitor how the legislation evolves in the coming weeks. The outcome of this proposal won't just affect hemp-based revenues — it could reshape the broader trajectory of cannabis reform and legalization efforts across the United States. For those still interested in cannabis exposure but wary of the volatility offered by pure-play cannabis stocks, it may be worth looking into unconventional names like Harmony Biosciences HRMY and Corbus Pharmaceuticals CRBP, which are tapping into the cannabis space to develop novel cannabinoid (CBD) medicines for different indications. While HRMY is developing a pharmaceutically manufactured synthetic CBD gel for rare neuropsychiatric conditions, CRBP is developing its CBD candidate to treat obesity. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Corbus Pharmaceuticals Holdings, Inc. (CRBP) : Free Stock Analysis Report Canopy Growth Corporation (CGC) : Free Stock Analysis Report Tilray Brands, Inc. (TLRY) : Free Stock Analysis Report Harmony Biosciences Holdings, Inc. (HRMY) : Free Stock Analysis Report Green Thumb Industries Inc. (GTBIF) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research 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
