Every week I’ll provide updates on the latest trends in cloud software companies. Follow along to stay up to date! First Look at April Quarters Heading in to this week, software earnings have not been good. This week, we got a first look at companies reporting with April quarter ends (so we got the benefit of one incremental month of data). Perhaps we’d see a positive shift? Unfortunately, that didn’t happen… The Workday earnings call summarized it well:
I really like the comparative chart of last quarter's guidance and this quarter's; it clearly shows the trends in IT spending. However, I have a small suggestion. Instead of using the median, wouldn't a weighted average better reflect the overall environment in this kind of chart?
I really like the comparative chart of last quarter's guidance and this quarter's; it clearly shows the trends in IT spending. However, I have a small suggestion. Instead of using the median, wouldn't a weighted average better reflect the overall environment in this kind of chart?