Salesforce’s (CRM) 2020 Holiday Shopping Report revealed that online spending by consumers increased 50% Y/Y to $1.1 trillion worldwide and rose 43% Y/Y to $236 billion in the U.S. Domestically, initiatives to pull forward holiday spend fueled an 82% Y/Y increase in Pre-Cyber Week sales.
Read MoreA promising development in the fight against COVID-19 seemingly prompted a rotation out of software stocks, many of which have performed exceedingly well since the broad market sell-off at the onset of the pandemic.
Read MoreThe summer doldrums are around the corner, but there was still plenty of news across the software industry to digest this week. Although MicroStrategy (MSTR) had previously outlined a new strategic approach to its capital allocation policies, shares rose as the company began to execute against those plans.
Read MoreWith results from the last of the March quarter reporters out, it remains clear that most vendors experienced elongating sales cycles in the final weeks of Q1 but have seen activity levels rebound thus far in Q2. That said, few have expressed any great confidence that recent trends will remain intact through the more critical selling period near quarter-end and only a small minority are willing to put forth expectations beyond the current quarter.
Read MoreIn a week where advising against the ingestion or injection of disinfectants became a necessary PSA, there was some semblance of normalcy given a smattering of M&A and other capital markets activity, as well as the start of another earnings season in the software space.
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