Zuora (ZUO) hosted a virtual Investor Day in which management presented its strategy for helping enterprises win in the subscription economy, a market opportunity estimated at $5 billion today and projected to grow at 25%-30% annually.
Read MoreResilience is the word du jour in earnings calls thus far in the Q2 ’20 software earnings season and may prove to be an apt description considering many produced solid growth despite GDP contracting by a third in the U.S.
Read MoreWe spent the week digesting the first major wave of Q1 ’20 software earnings, although much of what we observed was consistent with commentary from those that have already pre-announced. Business momentum was strong for most through January and February, but March brought a spate of challenges as organizations prioritized the transition of their employees to work-from-home amid the COVID-19 pandemic.
Read MoreM&A this week included a couple of AIOps deals at ServiceNow (NOW) and VMware (VMW). ServiceNow’s acquisition of Loom Systems adds log and metrics analysis to its IT Service Management (ITSM) and IT Operations Management (ITOM) solutions, thereby enabling customers to proactively identify IT incidents and automate remediation tasks.
Read MoreIn a prelude to next week’s onslaught of software earnings, Atlassian (TEAM) posted fiscal Q1 ’20 results ahead of expectations. The provider of collaboration software solutions added over 7,000 net new customers in the quarter, increasing the total count by 21% Y/Y to nearly 160,000 customers and fueling revenue growth of 36% Y/Y.
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