Executive Vice President & Chief Risk Officer, Ttec Holdings
Search every verified Robert Smith interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Robert F. Smith, founder and CEO of Vista Equity Partners, has discussed the state of the technology industry and proposed a private-sector initiative to address structural racism. At the 2023 World Economic Forum, Smith said that tech companies are "ratcheting down" their expense bases after a period of unsustainable pandemic-era growth, and predicted a "new equilibrium" in the second or third quarter of 2023. He described enterprise software spending as having fluctuated in 2022, with a strong first quarter followed by declines in the second and third quarters and a rebound in the fourth quarter. Smith stated that productivity software would be a principal area of growth in 2023. In a 2020 interview with Forbes, Smith outlined a "2% solution" in which large corporations would allocate 2% of their annual net income over ten years to Community Development Financial Institutions and minority-owned banks. He argued that this would address what he called "structural racism" in corporate America, particularly in the deprivation of capital to African-American and Latinx communities. Smith said that activating the wealth and income of the African-American community to the average level of white Americans could increase U.S. GDP by $1.5 trillion per year. He also stated that default rates in underserved communities are lower than the FDIC average, calling investment in these markets "good business."
“Tech companies, of course you know, we came out of a period in the pandemic where we had a massive migration to work from home, work remotely, all those sort of things. So people were buying and expanding their organizations in advance of that sort of growth. Of course, that wasn't sustainable.”
“We're at a point now where there's a ratcheting down as people have: a. come back to work some slow down in certain parts of the economy consumer principally, not necessarily enterprise. And so, you're going to see these companies start to ratchet down what was their forward planning.”
“It's probably second quarter/third quarter we'll see that come to a new equilibrium of their expense base.”
“Here's what we've seen in our Enterprise market, we've seen Q1 actually have a, you know, highest spending ever in the history of enterprise software. Q1 last year. Q2 we saw a drop-down, Q3 a drop-down. Guess what? Q4, it bought it bumped up again.”
At the 2023 World Economic Forum Annual Meeting in Davos, Robert F. Smith discusses the state of the tech industry with Yahoo ...
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Robert Smith of Faster EFT explains how the mind works at Habilitat Hawaii. 5 Days, 16 sessions a day, 9 practitioners from all over the world converge on the Hawaiian Island of Oahu to partake in a Faster EFT Marathon with Robert Smith. FasterEFT is a methodology developed by Robert G. Smith after many years of studying and working with thousands of people. It is a collection of new cutting-edge techniques and processes that integrates the most effective elements of EFT, BSFF, NLP, spiritual understanding, science and the minds great ability to transform itself. One of the greatest aspects…
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