Summary
We analyzed the calendar-year Q1 2023 earnings announcements of the major enterprise software providers. Demand for enterprise applications remains strong, thanks to an ongoing desire to modernize legacy apps and move to the cloud to achieve better business results. Unsurprisingly, software as a service (SaaS) is the source of the vast majority of software industry growth. Technology executives should read this report to learn how to use this information to improve their planning and execution in the weeks and months ahead.
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