In Q2 '24 top decile Cloud companies
In Q2 '24 top decile Cloud companies:
- Beat estimates by >4%
- Guided next quarter >2% above consensus
- Grew >33% YoY
- Gross Margin >83%
- FCF Margin >29%
- Net Retention >119%
- CAC Payback <21 months
$8x8(EGHT)$ $Box(BOX)$ $Blackline Inc.(BL)$ $Bilibili Inc.(BILI)$ $BigCommerce Holdings(BIGC)$ $Atlassian Corporation PLC(TEAM)$ $Asana, Inc.(ASAN)$ $AppFolio(APPF)$ $AmplitudeE, Inc.(AMPL)$ $Confluent, Inc.(CFLT)$ $Datadog(DDOG)$
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Beat and no-raise? In the last 6 quarters, the median software company has barely guided the next quarter ahead of consensus
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https://twitter.com/jaminball/status/1841847438795276741
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