Every week I’ll provide updates on the latest trends in cloud software companies. Follow along to stay up to date! Earnings Season Kicks Off Without Any Sign of Re-Acceleration Q3 earnings season kicked off in earnest this week, and it’s turning out to quite the volatile earnings season. Already we’ve seen huge earnings move. ZoomInfo dropped ~20%. Paycom dropped ~40%. Bill.com dropped ~30%. Confluent dropped ~40%. Atlassian was down ~10%. Procore was down ~15%. Some of these drops rival one of the worst ever software earnings reaction of Tableau in 2016! But it wasn’t all bad. JFrog was up ~20%. Palantir was up ~20%. Fastly was up ~15%. Shopify was up ~20%. On Thursday the software index (WCLD) was up ~3%! That’s a huge move up for the index! So what’s going on??