Siti Panigrahi

Siti and his team bring a unique perspective to software coverage by leveraging their industry experience, hands-on technology expertise, broad industry network, and deep understanding of software/SaaS business models. The team differentiates by publishing deep-dive analysis on individual company, providing regular updates and data points on INTU, payroll, CCaaS and other companies, and highlighting out of consensus and contrarian ideas (RNG, BILL and Payroll names) in their coverage. They published differentiated research on ORCL and INTU, and published reports framing AI resilience, identifying various emerging software trends (EDA, AI, Agentic Commerce). The team also hosts experts calls to track the trends in EDA, contact center, design and construction software trends, AI tailwinds in B2C platforms and payroll sectors.​

NDRs with Intuit, Oracle, NICE, Twilio, Klaviyo and many other companies. Hosted multiple UCaaS/CaaS company meetings at industry conferences, Hosted leading companies at Mizuho Tech Conference; Regular quarterly group dinners prior to the earnings seasons.​

Siti joined Mizuho in June 2019 as a Managing Director and senior analyst based in San Francisco, covering software-as-a-service (SaaS), contact center/communication, design and construction software companies. Prior to joining Mizuho, Siti covered the software sector as Director and senior analyst at Wells Fargo Securities in San Francisco. He previously served as Vice President and software analyst at Credit Suisse. Siti has 30+ years of experience in software, including 19 years (since 2007) in equity research covering software. He has also worked in product development and strategy at Oracle, as a consultant for Constellar Corp, and as a software engineer for Tata Motors in India. He holds a Bachelor's degree in electrical engineering from the National Institute of Technology in India and an MBA from the University of California at Berkeley, Haas School of Business.​