Clouded Judgement 11.3.23 - No Sign of Re-Acceleration in Software
Clouded Judgement
NOVEMBER 3, 2023
Maybe with the exception of hyperscalers (particularly Azure). But this median is close to as low as it’s gotten since 2015. Most public companies don’t report net new ARR, so I’m taking an implied ARR metric (quarterly subscription revenue x 4). All the headwinds that have persisted continue to persist.
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