A quick hit as we have a podcast to record, but a few public companies in the broader SaaS market reported earnings in the past week.
Their results are worth unpacking as they paint a good picture of what the markets are hunting for in modern software companies.Of course, were covering the firms share-price movements in the context of an epic selloff stemming from global conditions that are already impacting earnings.But, hey, not all the news out there is bad.
In fact, for our three companies, public investors are waving green flags.
So lets take a peek regarding why Dropbox, Boxand Sprout Social one recent IPO and two slightly-out-of-favor SaaS shops each shot higher after reporting their Q4-era results.Lets proceed in alphabetical order, putting Box at the top of our list.
Well then work through Dropbox and Sprout Social.Boxs calendar Q4-era earnings report (the companys Fiscal 2020 Q4) beat investor expectations three times.
It reported more revenue than anticipated, $183.6 million over expectations of $181.6 million; a slimmer loss than predicted, $0.07 per-share in adjusted profit against a projected $0.04; and the storage-grounded, corporate productivity companys quarterly forecast of $183.0 million to $184.0 million was a few million ahead of expectations ($181.8 million, per Yahoo Finance).