Every week I’ll provide updates on the latest trends in cloud software companies. Follow along to stay up to date! Earnings Update So far about half of the cloud software universe has reported Q1 earnings (43 companies in the universe I track). So far 39 have beat Q1 consensus (91%) and 4 have missed. Of the 43 companies to report, 38 gave guidance for Q2. Of those, 20 companies guided Q2 above consensus (53%), and 18 guided below consensus.
Is the "% in top 10 column" calculating correctly or am I misreading it? I thought it could only go up to 100% since it was tracking the % of time a company has been in the top 10 since you started tracking. But I'm seeing at 118% on one.
Clouded Judgement 5.12.23 - Update on 2023 Full Year Guides
Thanks for regular insightful writeups
Is the "% in top 10 column" calculating correctly or am I misreading it? I thought it could only go up to 100% since it was tracking the % of time a company has been in the top 10 since you started tracking. But I'm seeing at 118% on one.
Thank you for your brilliant insights Jamin, sir.