it’s been a hard time for SaaS enterprise companies. These organizations saw profit and growth during the pandemic as offices closed and employees moved en masse to work from home. But as the economy turned around last year and more workers returned to the office, their numbers have dwindled.
At the same time, enterprise SaaS companies are dealing with several other major issues that have come together to bring them down.
Over the past year, TechCrunch has worked to better understand the current climate for selling software. It is the most common startup product and SaaS is the most common business model. So we pay special attention to the top SaaS companies in the public markets, looking for trends, data, and other pieces of information that we can apply to the private markets.
A changing economy, changing investor expectations and other blips have made the picture of today’s software market difficult to clarify. However, new data is sharpening our perspective.
We looked at this week’s earnings reports from Zoom, Sales force, Box, Snowflake and okta. The results were mixed, with some doing better than others. How do enterprise SaaS companies battle short-term economic turbulence and turn the other way (whenever possible)? And what do the quarter numbers really mean in the scheme of things? Let’s dig into the data.
