So is it a downturn in SaaS or Cloud — or not?

There are so many mixed signals:

But:

  • Overall, SaaS leaders are seeing their lowest growth ever.  Salesforce has now slid to < 10% growth
  • NRR is down at many SaaS leaders
  • ARR multiples at public SaaS companies remain stuck at some of the lowest multiples in a decade

So it’s … mixed.  Overall, SaaS leaders tied to non-tech buyers or tied to AI are still growing at epic rates.  The rest in many cases are struggling.

With that, let’s take a look at some of the latest numbers:

The Thriving — this week and last:

The Tougher News of the week:

Net net, it’s for sure harder out there than it used to be.  But it’s not that simple.

It’s a mixed bag.

 

Related Posts

Pin It on Pinterest

Share This