A quick hit We have a podcast to record, but some listed companies in the broader SaaS market have reported earnings over the past week. Your results are worth unpacking because they paint a good picture of what the markets are looking for in modern software companies.
Of course, we cover corporate price movements in connection with an epic sell-off that results from global conditions that are already impacting earnings.
But not all the news out there is bad. Public investors are waving green flags for our three companies. So let's take a look at why Dropbox, Box and Sprout Social – a recent IPO and two somewhat unfavorable SaaS shops – both posted higher values after reporting fourth-quarter results.
Let's continue in alphabetical order and put box at the top of our list. We will then work through Dropbox and Sprout Social.
Box's fourth quarter earnings report (fourth quarter of fiscal 2020) exceeded investors' expectations three times. More sales than expected were reported, $ 183.6 million above expectations of $ 181.6 million; a lower loss than forecast, an adjusted profit of $ 0.07 per share versus a forecast profit of $ 0.04; The quarterly forecast for the memory-based enterprise productivity company from $ 183.0 million to $ 184.0 million was several million above expectations ($ 181.8 million per Yahoo Finance).