Clouded Judgement 5.10.24 - Software Weakness Across the Board
Clouded Judgement
MAY 10, 2024
Here’s some data so far: 6 out of 40 (15%) saw ARR shrink from Q4 to Q1 Of companies who gave Q2 guidance, 20 out of 37 (54%) guided BELOW Q2 consensus. Given most software companies are not profitable, or not generating meaningful FCF, it’s the only metric to compare the entire industry against.
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