As the tech tide recedes, all sectors feel the pinch

Published: Oct. 3, 2022, 2 p.m.

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Virtually all tech companies have expressed caution on their respective earnings calls. And why not\\u2026 the macroeconomic environment is full of uncertainties and there\\u2019s no upside to providing aggressive guidance when sellers punish even the slightest miss. Moreover, the spending data confirms the market is softening across the board, so it\\u2019s becoming expected that CFOs will guide cautiously. But companies facing execution challenges can\\u2019t hide behind the macro. Which is why it\\u2019s important to understand which firms are best positioned to maintain momentum through the headwinds and come out the other side stronger.\\xa0

In this Breaking Analysis we\\u2019ll do three things: 1) Share a high-level view of the spending squeeze almost all sectors are experiencing; 2) Highlight some of those companies that continue to show notably strong momentum \\u2013 and relative high spending velocity on their platforms \\u2013 albeit less robust than last year; and 3) give you a peek at how one senior technology leader in the financial sector sees the competitive dynamic between AWS, Snowflake and Databricks.\\xa0

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