Hey all, Today, we published the 2nd edition of the SaaS Benchmarks Report. Based on data from over 2,100 SaaS businesses, this is the most comprehensive repo

Hey all, Today, we published the 2nd edition of the SaaS Benchmarks Report. Based on data from over 2,100 SaaS businesses, this is the most comprehensive report we have ever published. What does the data tell us? First, SaaS growth was the slowest it has been in years, and while so far, it’s stabilized in 2023, we are starting to see some acceleration again in some segments. Second, those who are growing, are relying more and more on expansion revenue, and retention has now become a key growth driver. Companies that were able to retain their customers in this tough climate grew at least 1.8x faster than their peers. Third, new business ARR is finally ticking up and some green shoots are starting to emerge. Businesses with ARR over $1m saw an uptick in new business ARR growth in the first quarter of 2023. It’s hard to say if this is an outlier or part of a wider trend. These insights only scratch the surface. I hope you get a chance to go through the full report. There are a ton of insights in there. Happy reading, Sid