Software Stack Investing

Deep analysis of SaaS companies by technology leader who made software purchase decisions. CTO / VP Eng @Zoosk, @CBSNews, @CNET, @Boatsetter. CS @Princeton.

[Software Stack Investing @StackInvesting]

@raymmar @SarasotaTech @tolibear_ @ROBRADYdesign @ROBRADYcapital Awesome! So happy to be part of this community.

[Software Stack Investing @StackInvesting]

@tobyjwade @MikeLeeStrategy @benjaminai_co Thanks amazing, Toby!

[Software Stack Investing @StackInvesting]

The hyperscalers delivered better than expected results in Q4, reflecting a moderation of optimization headwinds and increased demand for AI services. I review the earnings reports and consider the implications for the rest of software infrastructure.

https://t.co/XNaGHsLFBP

[Software Stack Investing @StackInvesting]

@HelixCapital_ Thanks - yes, I agree. The list of potential adjacencies is extensive as you move beyond core runtime and data infra.

[Software Stack Investing @StackInvesting]

@XEdJones Hi Ed - thanks for the kind words!

[Software Stack Investing @StackInvesting]

With cloud spend optimization moderating and support for AI workloads, data infrastructure providers have a better outlook in 2024. I examine how Snowflake, MongoDB and Confluent are positioned and potential growth drivers this year. $SNOW $MDB $CFLT

https://t.co/Xmez0unvTc

[Software Stack Investing @StackInvesting]

@iampatelrp Thanks - appreciate the feedback.

[Software Stack Investing @StackInvesting]

@cl72Trader You are welcome - appreciate the feedback.

[Software Stack Investing @StackInvesting]

@The_Patent_Guru Hi - thanks for the feedback. Yes - I plan to continue coverage. Had a few other areas of focus outside of analysis that have taken up considerable time recently.

[Software Stack Investing @StackInvesting]

Driven by growth in large customers, elevated NRR and improving operating leverage, Confluent delivered another quarter of strong results in Q2. In this post, I review the report and check in on their evolving product strategy. $CFLT

https://t.co/NSEWaVcyKq

[Software Stack Investing @StackInvesting]

@IvanaSpear @BloombergTV Was randomly watching Bloomberg TV at noon and you popped in. Well done! Great coverage and solid commentary. Helpful perspective on AMD's results. Congrats.

[Software Stack Investing @StackInvesting]

@NickeNumbers Thanks for the feedback!

[Software Stack Investing @StackInvesting]

Cloudflare delivered a better than expected earnings report in Q2, with particular strength in large customer additions and improved operating leverage. In this post, I review the results and gauge the impact of their expanding product offerings. $NET

https://t.co/LPG7ZYb1My

[Software Stack Investing @StackInvesting]

@thedealdirector Fair point - worth watching. I sometimes find it difficult to connect anonymous public employee reviews to actual company performance. Personally, I have worked at companies with great reviews that perform terribly and vice versa. Also, the layoff in Jan would factor into this.

[Software Stack Investing @StackInvesting]

@FinallyFoolin No problem - glad you found the post helpful.

[Software Stack Investing @StackInvesting]

@XEdJones Thanks for the kind words, Ed. Glad the content is helpful.

[Software Stack Investing @StackInvesting]

@XEdJones @FinallyFoolin Ha, ha. Wish it were that easy!

[Software Stack Investing @StackInvesting]

@vasilist @MoritzMDrews Thanks - Workload optimization has always existed. The impact is more acute now because much of the typical post-launch tuning was deferred during Covid. Also, most cloud native companies over-provisioned. After optimization debt has been paid, we should return to steady state.

[Software Stack Investing @StackInvesting]

Hyperscaler Q2 earnings were better than expected, with management commentary reflecting a moderation in customer workload optimization. In this post, I review the results and examine implications for the rest of software infrastructure.

https://t.co/Ve9EzkioQD

[Software Stack Investing @StackInvesting]

@Sergio_Ramos_S Hi - I was looking for more on revenue and customer activity. Profitability improved further and product adoption metrics maintained their trajectory. May take another 1-2 q's for optimization headwinds to fully subside. Like new product announcements from Dash. Still invested.