Every week I’ll provide updates on the latest trends in cloud software companies. Follow along to stay up to date! Growth Accelerating The acceleration across cloud software companies so far in Q2 has been very impressive. As of now, most companies with a June quarter end have reported Q2. Most accelerated. The graph below shows (Q2 YoY growth - Q1 YoY growth). Positive numbers represent acceleration (faster growth). I removed 3 companies - Shopify, Olo and BigCommerce. All were major Covid beneficiaries. Q1 this year lapped a 2020 Q1 that did not see much Covid benefit, while Q2 lapped a 2020 Q2 which did see a Covid benefit. So the YoY compare between Q2'21 to Q2'21 isn't as relevant. Of the names listed on the graph, 30 of 35 companies (86%) accelerated revenue growth in Q2. That's incredible!! Next week we’ll start to see Q2 reports from companies with July quarter ends. Very interested to see if the acceleration trend continues.
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Clouded Judgement 8.20.21
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Every week I’ll provide updates on the latest trends in cloud software companies. Follow along to stay up to date! Growth Accelerating The acceleration across cloud software companies so far in Q2 has been very impressive. As of now, most companies with a June quarter end have reported Q2. Most accelerated. The graph below shows (Q2 YoY growth - Q1 YoY growth). Positive numbers represent acceleration (faster growth). I removed 3 companies - Shopify, Olo and BigCommerce. All were major Covid beneficiaries. Q1 this year lapped a 2020 Q1 that did not see much Covid benefit, while Q2 lapped a 2020 Q2 which did see a Covid benefit. So the YoY compare between Q2'21 to Q2'21 isn't as relevant. Of the names listed on the graph, 30 of 35 companies (86%) accelerated revenue growth in Q2. That's incredible!! Next week we’ll start to see Q2 reports from companies with July quarter ends. Very interested to see if the acceleration trend continues.