There is gold in all these non-tech industries!
While the company market continues to digest a new reality, the TechCrunch + team paid very close attention to software revenue. Why are we tracking Q4 2022 revenue results in March 2023? Because many software companies have fiscal calendars that end on January 31 each year. This means that they report their results a bit later than other companies, which leads to some lag when it comes to determining the number of most important public competitors for startups.
As always, we look at public market data on tea leaves that we can relate to the relatively opaque private market companies we cover here at TechCrunch.
Salesforce, beset by external criticism over its cost structure and investor pressure over its growth rate, beat expectations in its tracking results and forecast higher profitability. Okta was another standout reporter of the week, exceeding expectations and offering advice that investors appreciated.