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Starboard has a more than 6% stake in the company, and has been pushing the company to expand free cash flow and improve margins. Of the 20 companies in peer group in Starboard's letter, GoDaddy has a higher multiple than only TeraData and Box . Starboard believes that GoDaddy can achieve free cash flow of $9 per share by this fiscal year, and $14 per share by fiscal year 2026. Those targets are higher than GoDaddy's $6.1 free cash flow per share for the fiscal year ending September 2023, according to FactSet data. Starboard expects that GoDaddy could generate more than $4 billion in free cash flow over the next three years.
Persons: Peter Feld, GoDaddy, Aman Bhutani, Feld, Mark McCaffrey, Starboard's Jeffrey Smith Organizations: New York Stock Exchange, GoDaddy Locations: New York City
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe started to be more cautious over a year ago, says GoDaddy CEO Aman BhutaniAman Bhutani, GoDaddy CEO, joins 'TechCheck' to discuss Q3 results and guidance, the resilience of small business customers and the company's budget strategy going in to 2023.
That insight, which comes from David Cotrell's book "Monday Morning Leadership," is one of GoDaddy CEO Aman Bhutani's fundamental leadership principles. Since then, the company has experienced explosive growth to digital entrepreneurship and a boon to GoDaddy's platform. Here's how Bhutani has used self improvement to better himself and his company. Read more: 3 ways leaders can build trust with employees and customers on Twitter, Instagram, and LinkedInCreate a competition with yourselfBhutani looks at self-improvement as a constant competition with himself. Listen closely to othersIt's difficult to find ways to improve if you're closed off to the feedback of others.
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