Today, we have published our SaaS newsletter for April and the beginning of May, covering the latest ARR multiple development, the first Q1 2025 reports from both the global and Danish SaaS sector, as well as the recent news from the Danish SaaS sector. 

Being early in the Q1 2025 earnings season, we cannot draw any big conclusions yet. However, we see that hyperscalers (AWS, Azure, and Google Cloud) are still growing at relatively high double-digit growth rates. Looking into the SaaS reports, we see that results are more mixed, and some expectations for 2025 may be impacted by the current uncertain macroeconomic environment, depending on the geographical market exposure and industry.

Read the full newsletter here: Link

Disclaimer: HC Andersen Capital receives payment from some of the mentioned SaaS companies in the newsletter (Agillic, Impero, MapsPeople) for a Digital IR subscription agreement. /Kasper Lihn 14:54, 9 May 2025.