Cloud software program is affected by a chilly November rain. Can Snowflake and Salesforce flip issues round?
The week after Thanksgiving may decide if cloud software program remains to be too fats or if there are some tasty leftovers for Wall Avenue.
Autodesk Inc. ADSK,
-2.65%
signaled a slowdown in enterprise spending on Tuesday as executives trimmed their billings outlook for the yr, main Mizuho desk analyst Jordan Klein to conclude that the week after Thanksgiving might be the tipping level for software program earnings.
“I don’t wish to be overly dramatic right here,” Klein wrote in a Wednesday notice, “however after a really tough yr” — together with software program lagging tech and the S&P 500…