Trends Report

What Enterprise Software Vendors’ Q1 2024 Earnings Mean For Technology Executives

Cloud Reaches New Milestones Amid Pricing And Bundling Moves

April 11th, 2024
Liz Herbert, VP, Principal Analyst
Liz Herbert VP, Principal Analyst
Charles Betz, VP, Research Director
Charles Betz VP, Research Director
With contributors:
Matthew Guarini , Linda Ivy-Rosser , Hannah Murphy , Rachel Birrell

Summary

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.

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