Adobe’s (ADBE) Software Business is Proving to Be Quite Resilient
Adobe (ADBE) delivered a surprisingly strong quarter as its software is proving to be quite resilient in weak economic times.
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Adobe (ADBE) delivered a surprisingly strong quarter as its software is proving to be quite resilient in weak economic times.
Accenture (ACN) delivered solid bookings growth of 13% last quarter as it sees strong demand in large transformational deals.
CrowdStrikc (CRWD) delivered a surprisingly good quarter — it beat the street and upped guidance — and news sent the stock higher.
A poor economy is causing MongoDB’s (MDB) customers to slow consumption rates on its software, which is priced on usage.
Software company GitLab (GTLB) is having trouble getting deals signed and that’s causing revenue growth to slow, and the stock to fall.
DoubleVerify (DV) is growing “multiples above” the digital ad market. This stock could become a leader of the next Bull Market.
Snowflake (SNOW) continues to grow amazingly fast, albeit slower than it had been. My guess SNOW is still a 35% grower long-term.
ZoomInfo’s (ZI) customers are laying off sales staff as they cut spending, so there may be less demand for ZI’s marketing software.
Salesforce (CRM) delivered an amazing quarter that sent the shares higher. But we are still in a weak environment for software.
Costco (COST) members are feeling the pinch of a weak economy as they shy away from luxury purchases. Still, profits are good.
Domino’s (DPZ) is hurting from competition in the food delivery space from the likes of UberEats, GrubHub and DoorDash.
Zscaler (ZS) delivered a splendid quarter, and upped revenue and profit estimates. But ZS fell because billings growth is slowing.