These companies have largely shared positive guidelines and have good earnings and favorable prospects, companies receive treatment from investors that ranges from non-public to downright hostile.
Some tech companies might perform slightly better in a recession or macroeconomic downturn similar to some predicted today
Results from Cloudflare and Confluent to gauge how the market is handling results that even seem pretty solid.
Cloudflare’s Q1 2022 earnings report is a good marker. The company hit its highest revenue expectations, posting peak revenue of $212.2 million, beating expectations by around $205 million.
Cloudflare’s Q1 revenue grew 54% year over year, 14,000 new customers added during this period. Customers who spent at least $500,000 increased by 68%, and those who spent $1 million or more increased by 72%.
CEO and co-founder Matthew Prince said Cloudflare’s best customers continue to grow, bringing in more revenue. The company’s guidance shows no signs of slowing down.