Monday.com shows it’s possible to post great results even in a slow market

Monday.com is continuing its streak of quick growth following its IPO.
In addition to reporting a 42% rise in its revenue for the second quarter of 2023, the cloud-based platform that lets users create apps narrowed its operating loss and net loss, and improved its cash generation, too. Investors seem to like the progress, with its stock up by nearly 15% this morning.
Notably, however, Monday.com is enduring the same sort of slowdown in net retention growth that we are seeing at many software companies. As a reminder, software-as-a-service (SaaS) companies grow by selling their products to new

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