HCA SaaS update July 2024: An eventful July before the Q2 earnings season takes off
Today, we have sent out the HCA SaaS newsletter for July 2024, providing insights into a very eventful July across the Danish SaaS sector – the Q2 earnings season will take off later in August.
In the US/global SaaS sector, we have seen the first Q2 reports being announced, showing that the SaaS sector is still challenged in terms of generating new ARR. More Q2 reports and comments on the outlook will give us a clearer picture of what to expect from the sector.
Despite an eventful July, the global/US SaaS sector was somewhat stable in July measured on the median ARR valuation multiple of 5.8x. The Danish SaaS sector’s median ARR multiple declined slightly to 3.4x (from 3.5x ARR by the end of June).
Read the full newsletter here where you also can sign up for several SaaS Q2/H1 presentations in August: Link
Disclaimer: HC Andersen Capital receives payment from some of the mentioned SaaS companies (Agillic, Impero, MapsPeople, OrderYOYO, and Penneo) for a Digital IR/Corporate Visibility subscription agreement. /Kasper Lihn 15:55, 14 August 2024.
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