Enterprise SaaS companies continue to navigate a complex economic environment
It's been a tough time for SaaS companies. These organizations reaped profits and growth during the pandemic when offices closed and employees moved in droves to work from home. But as the economy recovered last year and more workers returned to the office, their numbers have plummeted.
At the same time, SaaS companies face several other major issues that have combined to knock them off their perch.
Over the past year, TechCrunch has worked to better understand the current climate for selling software. It is the most common starter product and SaaS is the most common business model. So we pay close attention to top SaaS companies in public markets, looking for trends, data, and other insights that we can apply to private markets.
A changing economy, changing investor expectations, and other challenges have made the picture of today's software market difficult to clarify. However, new data refines our view.
We analyzed revenue reports from Zoom, Salesforce, Box, Snowflake and Okta this week. The results were mixed, with some doing better than others. How do SaaS companies fight short-term economic turbulence and make it to the other side (whenever possible)? And what do the numbers for a quarter actually mean in the scheme of things? Let's dig into the data.
Economic headwinds are blowing strong
It's been a tough time for SaaS companies. These organizations reaped profits and growth during the pandemic when offices closed and employees moved in droves to work from home. But as the economy recovered last year and more workers returned to the office, their numbers have plummeted.
At the same time, SaaS companies face several other major issues that have combined to knock them off their perch.
Over the past year, TechCrunch has worked to better understand the current climate for selling software. It is the most common starter product and SaaS is the most common business model. So we pay close attention to top SaaS companies in public markets, looking for trends, data, and other insights that we can apply to private markets.
A changing economy, changing investor expectations, and other challenges have made the picture of today's software market difficult to clarify. However, new data refines our view.
We analyzed revenue reports from Zoom, Salesforce, Box, Snowflake and Okta this week. The results were mixed, with some doing better than others. How do SaaS companies fight short-term economic turbulence and make it to the other side (whenever possible)? And what do the numbers for a quarter actually mean in the scheme of things? Let's dig into the data.
Economic headwinds are blowing strongWhat's Your Reaction?
