To prevent any misconception, SNOW’s operating margins just turned positive (and improving rapidly); and CRWD is very profitable.
CRWD has fallen out of favor here, largely. When it was in favor, it was not profitable (certainly by GAAP standards) and people were fine with that.
That was my point.
MNDY just announced new products and a move to a “suite” format.
Mgmt said guidance was conservative and even used the word hypergrowth.
They are investing even more in headcount. “accelerating hiring”
They are reinvesting in f2f in-person conferences, which they had been unable to do during covid and even recently due to omicron.
I don’t know that I agree with superbowl ad spending, but as mgmt stated, it is about jumping to the next-level of brand recognition in the world.
Pretty obvious, listening to this call, that mgmt is investing and focused on growth and is sandbagging with their guidance.
Dreamer