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Tech in Focus: Large caps take a beating while small caps shine through

Proactive tech expert Richard Jeans analyses the sector which has endured a hit this week, with the UK large cap software and services sector the most vulnerable.

Among the large caps, Blue Prism was worst hit. It slumped 26% on its full year results after it cut revenue guidance. Among the small caps, Seeing Machines (LON:SEE) was up, reflecting the current strong interest in automotive technology companies.

Aptitude (LON:APTD) also gained along with CentralNic (LON:CNIC) after making a small acquisition. Direct Carrier Billing companies Bango (LON:BGO) and Boku (LON:BOKU) are both stronger after releasing positive trading updates.

Looking forward, across the pond, there is the Martin Luther King Jr. Day holiday on Monday and the Presidential inauguration on Wednesday. Netflix is scheduled to release Q4 results on Tuesday while IBM and Intel are scheduled to release Q4 results on the Thursday.

Quick facts: Seeing Machines Ltd.

Price: 10.141 GBX

Market: AIM
Market Cap: £378.99 m

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Seeing Machines CEO says first half has been 'period of growth' as landscape...

Seeing Machines PLC's (LON:SEE) CEO Paul McGlone tells Proactive's Andrew Scott he's expecting to report a 14.6% year-on-year increase in revenue for the six months to December 31, 2020. He says the first half of its current financial year has been a period of growth despite the effects of the...

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