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@StickyRice：Software revenues hold ground despite macroeconomic turmoil $TQQQ(TQQQ)$ Global software industry revenues show muscle despite macroeconomic turmoil as businesses continue to opt for automation to save costs and aid supply chains. Geographically, EMEA saw 7.1% Y/Y software revenue growth in current currency (($USD)) and 16.4% in constant currency in H1 2022. This compares to Americas 16.4% Y/Y growth in both current and constant $USD and Asia/Pacific (including Japan) saw a 10.6% Y/Y growth in current currency and 18% in constant $USD. Reason behind lower performance in EMEA is the inflationary impact of the weakening of Euro against USD. It also includes a substantial decline in Russian revenues, down 22.5% Y/Y in USD and down 18.5% in constant currency owing to the Russia-Ukraine war. H2 software revenues in Russia could further be impacted as companies pull out of the land. Thomas Vavra, associate VP, European Software Data & Analytics commented, "Despite the many challenges facing the EMEA region, and Europe in particular, software demand remains strong. As was the case with Covid, adversity can be a driver of software spending as companies seek to remain competitive and agile." The IDC Worldwide Semiannual Software Tracker expects EMEA region to grow 8.9% Y/Y in 2023. However the longer run, four-year CAGR ((compound annual growth rate)) for period 2022-2026 is expected to reach 10.9%, which is a half percentage point below the Americas. Tickers to watch: iShares Expanded Tech-Software Sector ETF (IGV); First Trust Cloud Computing ETF (SKYY); Global X Cloud Computing ETF (CLOU); SPDR S&P Software & Services ETF (XSW); Invesco Dynamic Software ETF (PSJ); Technology Select Sector SPDR Fund (XLK) Stocks on radar: Microsoft (MSFT); Alphabet (GOOG); Oracle (ORCL); Meta Platforms (META); Adobe (ADBE); IBM (IBM); Salesforce (CRM); Intuit (INTU); Automatic Data Processing (ADP)

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This compares to Americas 16.4% Y/Y growth in both current and constant $USD and Asia/Pacific (including Japan) saw a 10.6% Y/Y growth in current currency and 18% in constant $USD.</p> <p>Reason behind lower performance in EMEA is the inflationary impact of the weakening of Euro against USD. It also includes a substantial decline in Russian revenues, down 22.5% Y/Y in USD and down 18.5% in constant currency owing to the Russia-Ukraine war.</p> <p>H2 software revenues in Russia could further be impacted as companies pull out of the land. Thomas Vavra, associate VP, European Software Data &amp; Analytics commented, \"Despite the many challenges facing the EMEA region, and Europe in particular, software demand remains strong. </p> <p>As was the case with Covid, adversity can be a driver of software spending as companies seek to remain competitive and agile.\"</p> <p>The IDC Worldwide Semiannual Software Tracker expects EMEA region to grow 8.9% Y/Y in 2023. However the longer run, four-year CAGR ((compound annual growth rate)) for period 2022-2026 is expected to reach 10.9%, which is a half percentage point below the Americas.</p> <p>Tickers to watch: iShares Expanded Tech-Software Sector ETF (IGV); First Trust Cloud Computing ETF (SKYY); Global X Cloud Computing ETF (CLOU); SPDR S&amp;P Software &amp; Services ETF (XSW); Invesco Dynamic Software ETF (PSJ); Technology Select Sector SPDR Fund (XLK)</p> <p>Stocks on radar: Microsoft (MSFT); Alphabet (GOOG); Oracle (ORCL); Meta Platforms (META); Adobe (ADBE); IBM (IBM); Salesforce (CRM); Intuit (INTU); Automatic Data Processing (ADP)</p></body></html>","htmlText":"<html><head></head><body><p>Software revenues hold ground despite macroeconomic turmoil</p> <p><br></p> <p><a href=\"https://ttm.financial/S/TQQQ\">$TQQQ(TQQQ)$&nbsp;</a><v-v data-views=\"1\"></v-v></p> <p>Global software industry revenues show muscle despite macroeconomic turmoil as businesses continue to opt for automation to save costs and aid supply chains.</p> <p>Geographically, EMEA saw 7.1% Y/Y software revenue growth in current currency (($USD)) and 16.4% in constant currency in H1 2022. This compares to Americas 16.4% Y/Y growth in both current and constant $USD and Asia/Pacific (including Japan) saw a 10.6% Y/Y growth in current currency and 18% in constant $USD.</p> <p>Reason behind lower performance in EMEA is the inflationary impact of the weakening of Euro against USD. It also includes a substantial decline in Russian revenues, down 22.5% Y/Y in USD and down 18.5% in constant currency owing to the Russia-Ukraine war.</p> <p>H2 software revenues in Russia could further be impacted as companies pull out of the land. Thomas Vavra, associate VP, European Software Data &amp; Analytics commented, \"Despite the many challenges facing the EMEA region, and Europe in particular, software demand remains strong. </p> <p>As was the case with Covid, adversity can be a driver of software spending as companies seek to remain competitive and agile.\"</p> <p>The IDC Worldwide Semiannual Software Tracker expects EMEA region to grow 8.9% Y/Y in 2023. 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