📊 SaaSpocalypse, almost eight months on
11 of the 20 are now up for the year. 9 still aren't.
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In March I listed 20 software names that had fallen between 15% and 53% since New Year, from
Datadog to
Atlassian, and shared four reflections. Here's how they held up, using closing prices to 28 October.
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"Not all ARR is equal." This held up best. Eight of the 11 now up for 2026 sell infrastructure, data, security or developer tools:
CrowdStrike is up 128%, Datadog 105%,
Snowflake 55%. Seven of the 9 still down sell applications largely priced per seat:
HubSpot is down 38%,
monday.com 34%,
Adobe 29%,
Salesforce 9%.
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"Efficiency is the new growth." Half right. The market paid for growth again. The 11 risers grew revenue by a median 34% in their latest quarter, against 20% for the 9 still down.
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"AI tailwinds will not save weak fundamentals." Too neat.
Figma grew revenue 48% last quarter and is still down 38% this year. Atlassian, the worst on my list in March, is now up 36% after cloud revenue grew 31%.
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"Sales execution will separate winners from the walking dead." The separation is real. The walking dead aren't: 17 of the 20 are higher than when I posted.
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What's changed is how quickly AI shows up in revenue. Where it drives usage, it appears in the next quarter's numbers. In seat-based software, AI products have to add more revenue than fewer seats take away, and that gets proved account by account, not on an earnings call.
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That's where
Concentrix B2B Sales at
Concentrix comes in, as a strategic revenue partner that builds experienced, in-language sales teams to grow revenue across the accounts a core team can't cover. For one client, a 20-person team delivered a 13x return on the client's investment.
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Which of the 20 do you think finishes 2026 strongest? 💬
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If your AI products need to show up in revenue, account by account, send me a message here on LinkedIn.
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Tap the 🔔 on my profile so you never miss a post.
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👉 Explore Concentrix B2B Sales:
https://lnkd.in/ewj3SGvh
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#SaaS #AI #Software #B2BSales #GoToMarket
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