Clouded Judgement 5.31.24 - Software Sentiment Crumbles
Clouded Judgement
MAY 31, 2024
And the promise of the software business model is as companies mature and go out of growth mode the profits will show up. Most public companies don’t report net new ARR, so I’m taking an implied ARR metric (quarterly subscription revenue x 4). Coming in to Q1 there was broader optimism.
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