Software Spend

“That's going from 12.8% growth in all software spend last year, which was high. To 15% growth this year. It is accelerating.”

“It's minimal. You know, it's like a single digit percentage. It's so small compared to like headcount.”

“This is, and if they're predicting it's going to reaccelerate to 15.2 for software, 9.8% overall for it.”

“The opportunity we're attacking used to be the 300 to four hundred billion dollars of software spend annually in the world. Now what we're excited about is the 13 trillion dollars of labor spend that exists in the U.S. Alone. It's made the market opportunity o…”

“Human labor is generally like an order of magnitude larger than software spend, like 10 X or more.”

“You know software spend in the US is something like half trillion dollars a year. There's probably five trillion in headcount costs for services industries that could be transformed by AI, you know, things like legal or accounting or, you know, you name it, sa…”

“When markets are good, buyers are smaller buyers, which are more volatile, perform better.”

“We saw dips in software spend immediately following COVID, and now in Q two, we just surpassed the highest software spend per employee that we've seen at G two to date.”