in

Software stocks got pummeled this week after a cluster of troubling earnings reports

Software stocks got pummeled this week after a cluster of troubling earnings reports

Salesforce executives told investors that deals are shrinking or getting delayed. Dell said its margin is getting smaller. Okta highlighted macroeconomic challenges. And Veeva’s CEO said on his company’s earnings call that generative artificial intelligence has been “a competing priority” for customers.

Add it all up and it was a brutal week for software and enterprise tech.

Salesforce shares plunged almost 20% on Thursday, the biggest drop…


Posted by Editor

disease

Socioeconomic status can influence genetic risk for many complex diseases

Vinícius Jr. clinches Real Madrid's 15th UCL title

Vinícius Jr. clinches Real Madrid’s 15th UCL title