The global technology industry experienced a 47% drop in company filings mentions of cloud in Q3 2023 compared with the previous quarter, with the highest share accounted for by Zscaler with 1% year-on-year decrease, according to GlobalData’s analysis of over 1,109 technology company filings. GlobalData’s Technology: Filings Trends & Signals Q3 2023 report delves into earnings call transcripts and quarterly reports within the technology industry, extracting trends, signals, and comparative data to help businesses assess their performance, identify competitive intelligence, evaluate risks, and gain a comprehensive understanding of key industry events. Buy the report here.
Notably, cloud was one of the most frequently referenced themes in Q3 2023, ranking highest in terms of mentions, ahead of social media and cyber insurance, according to GlobalData.
Of the top leading companies in the technology industry, Zscaler had the greatest increase in references for cloud in Q3 2023, compared with the previous quarter. GlobalData identified 201 cloud-related sentences in the company's filings - 9% of all sentences - and a decrease of 1% in Q3 2023 compared with Q3 2022. Splunk’s mentions of cloud dropped by 22% to 157 and Microsoft’s by 49% to 146 and Palo Alto Networks’s by 38% to 139 and HCL Technologies’s by 342% to 137.
GlobalData’s Company Filings Analytics also applies sentiment weight to reference sentences, based on whether the sentences are positive, negative, or neutral. Starting at 100 in 2020, an index over 100 is more positive. The overall index for cloud in Q3 2023 was 93.
For further understanding of GlobalData's Technology: Filings Trends & Signals Q3 2023, buy the report here.