????è¿???ç¾??¡ç????¿å??æ³¢å?¨æ???¾ï?å°¤å?¶æ???ä¼°å?¼ä¸ª?¡ï??????°å??ºå?ç»?æµ?å¤????¶æ?ä¼?ä¸?ä¸?绩é???????计å?¥ï?以å??ç¾??¡ç????¿å??å½?????ä½????¡æ??é£??©æº¢ä»·æ°´å¹³ï?ç»???Gordon?¡æ??´´?°ç??模å??ï¼???ä»??¤æ????ºå????©ç??ä¸?è¡??????ç¾??¡ç????¡è?¡ä»·æ³¢å?¨ä¸»è¦?å½±å????ç´????????°å??ç»?????¨å???½ç??主å?¨å¹²é¢?ï¼?以å??ä¼?ä¸?ä¸?绩å??¢å??å®?????ï¼???ä»??计ç??¡ç????¿å????ç»?????ç³»ç??§é??©æ???è¾?ä½?ï¼?å¸??ºè¡¨?°æ??å°????°ç????§å??????????建è?ç»????§ä»·æ¯???ä¸?绩确å®??§ç?ï¼??????ä¸?ç²¾é??ä¸??¡ï????¹å?³æ³¨?¨çº¿å¹¿å????ç¡?»¶&??导ä?ç­?顺å?¨æ??å­??¿å???????¶å?³æ³¨è½?»¶SaaS??IDCç­??¿å????ç»????½è?è·?å¸þ=?¥ç????ç½??ºä???

???????¥å??ç¼?èµ·ï?

????????ä¸???»¥?¥ï?ç¾??¡ç????¡æ³¢?¨æ???¾å??大ï?纳æ??¾¾?????°è¡¨?°æ?¾è??å¼±ä??????????¼æ?????°ã?????????°ï??»å¹´è¡¨ç?°ç?¸å?è¾?好ç??è½?»¶?¿å??è¿???äºþ=???¾å??è°?ï¼?IGV.ETF????¹å???½è?è¿?10ï¼?ï¼???ç¾??¡å??ºè?????æ³¢å???å°¤å?¶æ???ä¼°å?¼ç????¡ç??æ³¢å???主è??±ä?ä¹?????????ï¼???è¿???ç¾??ºé?¿ç??¶ç??????å¿???ä¸?è¡???ä½??³ç³»ï¼????ä¸?å¸??ºå?³æ³¨???þ>?¹ï??¨è?ç¯??¥å??ä¸????ä»?¸»è¦?å°?è¯???ç­?å¦?ä¸??³é?????ï¼?1ï¼?ç¾??ºå?©ç??????å¦?ä½?å½±å??ç§????¡è?¡ä»·èµ°å?¿ï?2ï¼?å¦?ä½???å¾?ç¾??¡ç????¡å??ç»?¡¨?°ï?3ï¼?å¦?ä½???建ç??¡ç????¿å????????ä¸??¿æ????ç½???è·???

??????ç¾??¡ç????¡è????¡ä»·æ³¢å?????é£??©å?©ç??ä¸?è¡????主è?è§??²ã??

?????¿å?¨æ?????²æ?°æ????æº??¾ç¤ºï¼?ç¾??ºå?©ç????ç¾??¡å??ºæ?´ä?èµ°å?¿ä??´ç?¸å?³æ?§å¹¶ä¸??¾è????ä¸?ä¸?稳å????????°ç??¡ç????¿å??å½???è¾?ä½????¡æ??é£??©æº¢ä»·æ°´å¹³ï?ERPï¼?ï¼?以å??å¸??ºå?ç»?æµ?å¤????¨æ??ä¼?ä¸?ä¸?绩ç?é¢?????????计å?¥ï??ºä?Gordon?¡æ??´´?°ç??模å??ï¼???ä»??¤æ?????ç¾??¡ç????¿å?????¡ä»·æ³¢å????´å????äº?è¿???ç¾??ºæ?¶ç????æ³¢å?¨ä?导æ???´ï???å¸??ºç??主æ?é¢????ºæ????´ã??ç¾??¡ç????¿å??ä»?年以?¥ç??å®???表ç?°äº¦?¾ç¤ºï¼?主è??±é?ä¼°å?¼é?????aaSä¼?ä¸???????BVP cloud???°å??è°???为æ???¾ï?è¾?å¹´å??ä¸?è·?è¿?10ï¼?ï¼?ï¼????¶ä?ä¼°å?¼ã??顺å?¨æ?????¨å????导ä?&ç¡?»¶ä¸??¡å??èµ°å?ºä????è¡???ï¼?å¹´å??以æ?¥ä?涨æ???¾ã???¾ç?¶ï?é«?ä¼°å?¼é????¿ç????¡ä?为é?¿ä????产ï?å¸??ºå?©ç??æ³¢å?¨è???¶ä?对å?¶å¸¦?¥æ?´å¤§???²å?»ã??

??????ç§????¡èµ°?¿å?¤æ????´ä???ç³»ç??§é??©ï???ç»???å°????°ç????§å??????

?????????¥ç??ï¼???ä»??¤æ???ä¼´é??ç¾??½å¤§è§?模财?¿å?ºæ??¿ç??½å?°ã???????????§å?¶ï?以å??å®?è§?ç»?æµ?????ç»????ï¼?ç¾??ºæ?¶ç????????ä»????½ä???ç»??è¡?ï¼?并å?é«?ä¼°å?¼ç??ç¾??¡ç????¡ä¼°?¼å¸¦?¥ç?¸å?????ï¼?ä½??????°å?è§?ç»?æµ?å¤???对æ?¿å???´ä?ä¸?绩ç??????ï¼?以å??ç¾??ºå?©ç??å¿???ä¸?è¡???ç¾????¨å???½ç??ä»??¥å¹²é¢?ï¼???ä»??¤æ????¡ç????¿å????ç»??ºç?°ç³»ç»??§é??©æ???è¾?ä½?ï¼????¶è?????°ç?æµ?å¤?????ä¼?ä¸?ä¸?绩è??¿å??????ä¼°å?¼æ°´å¹³å·®å¼?ç­?ï¼?ç¾??¡ç????¿å????ç»?µ°?¿æ??å°????°ç????§å????????å¸??ºå??¢ç??ä¸?äº?çª??ºå??ç´?ï¼?äºþ@?使å?é«?ä¼°å?¼ç????¡ç??????¸´è¿?ä¸?æ­¥ç??????ï¼?1ï¼?????ç¾??½å??²å?ºé??对ç??¡ç????¡ç??long/shortæ¯?ä¾?已达?°å???²é??¹ï?2ï¼?ä¼´é??å®?è§?ç»?æµ??¢å?ï¼??»å¹´ç§????¿å???¸è?å¸??ºæ?´ä?ä¸?绩å??ä¼???å°??¨ä?å¹´æ???¾æ?¶æ????

????????ç»???ç½??¹å??ï¼??????³æ³¨?§ä»·æ¯???ä¸?绩确å®??§ï??????ä¸?ç²¾é??ä¸??¡ã??

?????¿å????é«???ä¼°å?¼ã??????????????ä¸?绩走?¿ï??½å?³å?äº?å½???ç¾??¡ç????¿å??èµ°å?¿è??¾å???»å¹´?£æ?·æ°´æ¶¨è?¹é?ï¼?????å¦?å½????¨å???²è???èµ???é¢?????æ³¥æ?俱ä???ç»????§ä»·æ¯??????©ç¡®å®??§ç?ï¼??????ä¸?ç­???ä¸??¡ï?å°????ä¸???为å???????ç½???¥ã??????建è????¹å?³æ³¨ï¼?äº???ç½?ï¼??¨çº¿å¹¿å?????µå??è´§å?????强ç?ï¼???è½?»¶SaaSï¼?SMB客æ?·å??????»å¹´è®¢å??&交ä?延è?ç­?ï¼???ç¡?»¶&??导ä?ï¼?å®?è§?ç»?æµ?å¤?????äº?????èµ??????????ç­?ï¼?ç­?????äº?å®?è§?ç»?æµ?å¤?????顺å?¨æ??å­??¿å???????¶è?¥ç????¿å????ç»?????????è°??´ï?äºþ@???????为ç???³ç????ç½??ºä?ï¼?建è???ç»??³æ³¨è½?»¶SaaS??IDCç­??¿å?????½ç??è¶?è·??ºä???

??????é£??©å??ç´?ï¼?

????ç¾??ºå?©ç??è¿?å¿??è¡?é£??©ï??¨ç??å®?è§?ç»?æµ??¢å?ä¸???é¢???é£??©ï??½é???´æ?¿æ²»?²ç??????????ä¸??????§é??©ï???管æ?¿ç???ç»???级é??©ï?ä¼?ä¸??¸å???????è¿??¥äºº??æµ?失é??©ç???

????????èµ?ç­??¥ï?

??????ä»??¤æ???ä¸?????ç¾??ºå?©ç???????½æ³¢???ä»?å°?对é?ä¼°å?¼ç??¡ç????¡å¸¦?¥æ??ç»???????ï¼?ä½?并ä?足以对å??ºæ?´ä?????ç³»ç??§ç??é£??©ï????¶å??ºå??ç»???å°?继续???°ç????§å??????æº?äº???é«???ä¼°å?¼ã??????????????ä¸?绩走?¿ç???ç´?çºþ=??ï¼??????ä¸?ç­???ä¸??¡å????ä¸???为å???ç­??¥ï?建è?ç»????§ä»·æ¯???ä¸?绩确å®??§ç?ï¼????¹å?³æ³¨?¨çº¿å¹¿å?????¨å??顺å?¨æ??è½?»¶SaaS??ç¡?»¶&??导ä?ç­??¿å???????¶è?¥å??ºå??ç»?????è°??´å??ï¼?è½?»¶SaaS??IDCç­??¿å??é¾?头ä?ä¸?äºþ@?·æ???¿å?¨æ??????ç½?»·?¼ï????????¹æ?¨è??Facebook??è°·æ???å¾?½¯??Salesforce??Service Now??Workday??Arista???±ç?¹å???é«???ç­???

?????¥æ?ï¼?ä¸?¿¡è¯???/P>