We analyzed the calendar-year Q1 2024 earnings announcements — those that occurred in Q1, with varying quarters represented due to the different companies’ fiscal calendars — of the major enterprise software providers. Growth remains positive albeit with some signs of challenges. Amid a cautious economic environment for buyers, modernization by moving to the cloud drives growth. Generative AI remains a key topic, but vendors are still figuring out how to monetize it. 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.