As the craze of earnings season draws to a close, here's a look back at some of the most exciting (and some less so) results from Q4. Today we are looking at the sales and marketing software stocks, starting with Upland Software (NASDAQ:UPLD).
The Internet and the exploding amount of data have transformed how businesses interact with, market to, and transact with their customers. Personalization of offerings, e-commerce, targeted advertising and data-empowered sales teams are now table stakes for modern businesses, and sales and marketing software providers are becoming the tools of evolving customer interaction.
The 26 sales and marketing software stocks we track reported a weaker Q4; on average, revenues beat analyst consensus estimates by 1.76%, while on average next quarter revenue guidance was 1.09% under consensus. Investors abandoned cash burning companies since high interest rates will make it harder to raise capital, but sales and marketing software stocks held their ground better than others, with the share prices up 2.83% since the previous earnings results, on average.
Upland Software (NASDAQ:UPLD)
Founder Jack McDonald’s second software rollup, Upland Software (NASDAQ:UPLD) is a one stop shop for sales and marketing software, project management, HR, and contact center services for small and medium sized businesses.
Upland Software reported revenues of $78.8 million, up 4.07% year on year, beating analyst expectations by 2.65%. It was a weak quarter for the company, with revenue guidance for the next quarter and full year missing analysts' expectations.
"In Q4, we beat our revenue guidance midpoint, even after FX headwinds," said Jack McDonald, Upland's chairman and chief executive officer.
The stock is down 55.7% since the results and currently trades at $3.87.
Read our full report on Upland Software here, it's free.
Best Q4: Shopify (NYSE:SHOP)
Originally created as an internal tool for a snowboarding company, Shopify (NYSE:SHOP) provides a software platform for building and operating e-commerce businesses.
Shopify reported revenues of $1.73 billion, up 25.7% year on year, beating analyst expectations by 5.11%. It was a strong quarter for the company, with a decent beat of analyst estimates and solid revenue growth.
The stock is down 14.6% since the results and currently trades at $45.58.
Is now the time to buy Shopify? Access our full analysis of the earnings results here, it's free.
Weakest Q4: BigCommerce (NASDAQ:BIGC)
Founded in Sydney, Australia in 2009 by Mitchell Harper and Eddie Machaalani, BigCommerce (NASDAQ:BIGC) provides software for businesses to easily create online stores.
BigCommerce reported revenues of $72.4 million, up 11.6% year on year, missing analyst expectations by 1.24%. It was a weak quarter for the company, with revenue guidance for the next quarter and full year missing analysts' expectations.
The stock is down 27.1% since the results and currently trades at $8.27.
Read our full analysis of BigCommerce's results here.
Braze (NASDAQ:BRZE)
Founded in 2011 after the co-founders met at NYC Disrupt Hackathon, Braze (NASDAQ:BRZE) is a customer engagement software platform that allows brands to connect with customers through data-driven and contextual marketing campaigns.
Braze reported revenues of $98.7 million, up 40.1% year on year, beating analyst expectations by 3.05%. It was a weak quarter for the company, with revenue guidance for the next quarter and full year missing analysts' expectations.
Braze delivered the fastest revenue growth among the peers. The company added 55 customers to a total of 1,770. The stock is up 1.27% since the results and currently trades at $32.
Read our full, actionable report on Braze here, it's free.
Momentive (NASDAQ:MNTV)
Previously known as SurveyMonkey, Momentive (NASDAQ:MNTV) offers software as a service that makes it easy for users create, manage and distribute online surveys.
Momentive reported revenues of $122.4 million, up 4.3% year on year, in line with analyst expectations. It was a mixed quarter for the company, with a meaningful improvement in gross margin but slow revenue growth.
The company lost 10,100 customers and ended up with a total of 887,400. The stock is up 19.3% since the results and currently trades at $9.35.
Momentive has agreed to be taken private by a consortium led by Symphony Technology Group (STG), in a transaction valued at approximately $1.5B.
Read our full, actionable report on Momentive here, it's free.
The author has no position in any of the stocks mentioned