Technology is impacting all businesses and a culture of innovation is required to remain competitive

Technology is impacting all businesses and a culture of innovation is required to remain competitive. Chris Prunty, Investment Analyst, Ausbil Microcap Fund shares the consistent theme he has seen from reporting season.The most consistent theme of the last few reporting seasons has been how technology is impacting all businesses and how important a culture of innovation and embracing change is to maintaining competitive advantage. Shorter-term there was clear evidence that the consumer confidence took a hit around the budget but has largely recovered to pre-budget levels. In the Ausbil Microcap Fund we saw strength in globally-facing software businesses such as Altium, Infomedia, GBST, Hansen and 3P Learning and education stocks such as Vocation, Intueri and Ashley Services. With the exception of contract miner MACA, the mining services sector was weak.