A couple charts to summarize software earnings so far

JaminBall
08-23

1: Aggregate net new ARR added (just for the companies who've reported so far, looking at that groups net new added for the last few quarters / years). Generally we don't dip down from Q1 to Q2...

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2. After a few quarters of YoY growth in net new ARR added, we dropped off dramatically in Q2

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3. 87% of companies have come in ahead of Q2 consensus, with a median beat of 1.8%. "Not getting better not getting worse"

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4. 51% of companies have guided Q3 above consensus, with the median guide coming in right at consensus

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5. We've now had 9 quarters in a row without any real guidance raises. On average, companies are "beating but not raising"

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6. Comparing full year guides from this quarter vs last quarter, the median company kept full year guidance constant

$Palantir Technologies Inc.(PLTR)$ $Snowflake(SNOW)$ $Olo Inc.(OLO)$ $Freshworks(FRSH)$ $Monday.com Ltd.(MNDY)$ $Klaviyo, Inc.(KVYO)$ $Shopify(SHOP)$ $Workiva(WK)$ $ON24, Inc.(ONTF)$ $Datadog(DDOG)$

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https://x.com/jaminball/status/1826739584845353395

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