Posted 10/2/2023, 9:12:54 AM
Zoho CEO Warns of Slowing Growth Amid Recession Fears, Despite Hitting $1B Revenue
- Zoho's CEO sees slowdown in business growth across countries and products in September
- Suspects global economy is taking a turn for the worse due to diversified revenue streams
- Cautions of challenging times ahead
- Zoho crossed $1 billion revenue and grew profits in FY22
- Russia-Ukraine war, inflation, interest rate hikes causing recession fears and impacting tech sector
- SaaS firms undertaking layoffs and reducing spending to manage macro pressures