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Top related persons:
Datadog - 1 Refinitiv - 1 Olivier Pomel - 1 Pomel - 1 Bernstein - 1 Peter Weed - 1 Covid - 1 RingCentral - 1
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U.S Smartsheet Snowflake
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Computing Fund - 1 Bernstein Research - 1 Nasdaq - 1

Search resuls for: "Patrick Brickley"


2 mentions found


☆ Cloud stocks falter as Datadog trims 2023 revenue expectations
  + stars: | 2023-08-08 | by ( Jordan Novet | ) www.cnbc.com   time to read: +5 min
Cloud stocks slipped on Tuesday, after one of the more prominent ones, Datadog , lowered its full-year revenue guidance as organizations remain engaged in cost-saving exercises. Then inflation hit, central bankers raised interest rates, and investors began selling holdings in fast-growing cloud stocks and rotating into safer investments that could more consistently offer returns. Executives at many cloud companies responded by reducing overhead, sometimes in the form of layoffs. Cloud stocks began to rebound, but many, including Datadog, have yet to trade above their record highs from 2021. Like Datadog, Everbridge , whose software helps companies respond to emergencies, lowered its growth expectations for the full year on Tuesday.
Persons: Datadog, Refinitiv, Olivier Pomel, Pomel, Bernstein, Peter Weed, Covid, RingCentral, Hewlett Packard, Tarek Robbiati, Vlad Shmunis, Sonalee Parekh, Patrick Brickley Organizations: Computing Fund, Bernstein Research, Nasdaq Locations: U.S, Smartsheet, Snowflake
☆ Companies Strengthen Collections, Aim to Get Cash in the Door as Threat of Downturn Looms
  + stars: | 2022-12-21 | by ( Kristin Broughton | ) www.wsj.com   time to read: +6 min
Companies are stepping up efforts to collect on their bills and get cash in the door, aiming to limit future write-offs ahead of a potential downturn. The company’s days of sales outstanding during the latest quarter declined to 67.3 days from 70.4 days during the prior period, according to S&P. Early in the pandemic, some companies extended payment terms to customers that needed funds to shore up liquidity to help navigate temporary lockdown measures. Everbridge said it aims to provide customers with payment terms that are mutually beneficial. ServiceNow’s days of sales outstanding during the third quarter fell to 44 days from 47.4 days a year earlier, according to S&P.
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