Cloud-computing companies have shown that they are not recession-proof, with many reporting either disappointing earnings or a weaker outlook. Snowflake Inc. and Salesforce.com each reported some slowing of revenue growth, and talked about customers slowing spending in certain areas. Crowdstrike Holdings Inc. also said customer-spending decisions are being delayed, which company’s forecast tumbled nearly 20% on its disappointing forecast. Zscaler Inc. reported that deals were taking longer than usual — about four months — to close, with the cybersecurity company telling analysts that deals are taking four months to close. Salesforce declined to give guidance for fiscal 2024, amid a “very unpredictable macro environment” and said it will continue a measured approach to hiring. . . .
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