This is a

is exchanges of Goldman Sachs where we discuss developments currently shaping markets,

industries in the global economy. I'm Jake Seward. is join the firm as lead software analyst for Goldman Sachs research and he's based in

San Francisco. We'll be talking all about the software space and what companies and

investors are focused on. Cash, welcome to the program and welcome to the firm.

Thank you very much Jake. It's a real honor to be on. Cash, welcome to the program and welcome to the firm.

Thank you very much, Jake. It's a real honor to be here with you.

I'm a big fan of your shows. I've listened to a ton of them and really excited to be on today.

Great, well, Cash, your first big note in this new job included what you call a digital transformation survey of corporate software buyers.

What did the results tell you about how businesses are really making the shift to digital and where do we go from here?

Absolutely.

So this trend called digital transformation has been underway for quite some time.

So it's been on for several years now.

And what we saw was the pandemic

started to really inflect the tone of digital transformation.

We said given the big run in the group,

why don't we do a survey to see how customers are actually prioritizing or maybe they're not

prioritizing.

There's a transformation.

What's the real truth here, right?

So what we found in the survey, which again is an anecdotal survey.

We talked about 50 customers. It's not the entirety of the world, but these

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