This morning it is really a tale of two stories in enterprise software

their sales force investors rejoicing that Bennyoff seems to have turned the

ohana better results bigger faster changes than maybe even the activists had hoped

counterpoint though snowflake and, they are getting crushed in

today's session and the culprit for those two are weak outlooks. Snowflake

Enterprise Darling of the Peak 2021 hype cycle continues to see that top line grow decelerate even if

profitability is improving. Box CEO Aaron Leby spoke directly to market

worries said customers are pulling back against a less certain macro backdrop.

Salesforce by the way didn't exactly dispel that pulling back against a less certain macro backdrop.

Salesforce, by the way, didn't exactly dispel that notion.

It is expecting sales growth of just 10% this year,

and that only narrowly avoids that single digit territory

of the legacy or mature software companies and neither did

the Cloud Giants earlier this earning season as a group they are one of the best

broad gauges of enterprise spend and these are the latest numbers that you're looking

at but they are all expected to fall

further this year, AWS, and to the teens. So where does that all leave investors

as we approach the end of this earnings season? Well, Wall Street may be changing

its tune a little bit here guys if you look below the surface.

Looking less for cost cutting, more for actual top-line growth.

Bernstein this morning says in a world of decelerating growth in negative revisions, investors are keen on re-acceleration stories.

Bennyoff, he certainly hit that tune spot on, delivering, however, as you guys were just talking

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