SaaS Companies Post Earnings To Reassure Lenders

Private SaaS companies recently released earnings reports to reassure lenders amid investor fears about AI-driven disruption, Bloomberg reports. Firms including McAfee, Rocket Software, Perforce and Cloudera cited flat or rising revenue—Perforce $644M vs $654M last year, Rocket +5.2%, Cloudera over 50% growth—after about $300 billion of software market value erased in January and February.