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Earnings show cloud and security software are not immune to the economic downturn

Por: MarketWatch Business December 02, 2022

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Read also: . Snowflake Inc. and Salesforce.com Inc. each reported some slowing of revenue growth, and talked about customers slowing spending in certain areas. Snowflake, the data analytics cloud-software firm, still showed high double-digit revenue growth of 67% in its fiscal third quarter, but then forecast revenue growth of just 47% for fiscal 2023, which will also include a slowdown in its hiring. Read more about Snowflake’s admission that... + full article



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