It’s been hard time for corporate SaaS companies. These organizations reaped profits and growth during the pandemic as offices closed and employees began working from home en masse. But when the economy turned around last year and more workers returned to the office, their numbers fell.
At the same time, enterprise SaaS companies are dealing with several other major issues that have converged to throw them off their feet.
Over the past year, businessupdates.org has been working to better understand the current climate for software sales. It is the most common startup product and SaaS is the most common business model. That’s why we pay special attention to leading SaaS companies in the public markets, hunting for trends, data and other bits of information that we can apply to the private markets.
A changing economy, shifting investor expectations and other hurdles have made it difficult to clarify the picture of the current software market. However, new data sharpens our perspective.
We parsed earnings reports this week from Zoom, Sales team, Box, Snowflake And Okay. The results were mixed, with some doing better than others. How do SaaS companies combat short-term economic turbulence and come out on the other side (whenever that may be)? And what do the numbers of a quarter actually mean in the scheme of things? Let’s dive into the data.
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