With the unofficial end of summer upon us, the recent run of multiple expansion across the software sector has also seemingly ground to a halt. The week began with Zoom Video Communications (ZM) shattering Street expectations once again as the company continued to benefit from heightened demand amidst the COVID-19 pandemic.
Read MoreResilience is the word du jour in earnings calls thus far in the Q2 ’20 software earnings season and may prove to be an apt description considering many produced solid growth despite GDP contracting by a third in the U.S.
Read MoreDespite fears that those serving small and medium-sized businesses (SMB) may face greater risk amidst the COVID-19 pandemic, vendors enabling SMBs to pivot online continue to thrive.
Read MoreAs the fate of the United States Postal Service’s (USPS) customized postage program hangs in the balance, Stamps.com (STMP), Minted.com and the Alliance of Nonprofit Mailers all filed comments with the Postal Regulatory Commission in favor of leaving the program intact with perhaps a few minor modifications to resolve an outstanding USPS legal issue pertaining to a customer’s desire to order PhotoStamps with “some pleasant, innocuous Christian images.”
Read MoreCoronavirus was top of mind this week as fears of a pandemic reverberated across markets. Thus far, the software industry remains relatively unaffected from a business standpoint with the vast majority of reporting companies citing minimal end market exposure and no impact on sales cycles to date.
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