PS - Pluralsight: Nobody Wants To Hear About Sales Execution Issues
Pluralsight (PS), a provider of cloud-based training software for technical employees that went public last year, has been an investor darling for much of its lifetime as a public company. It consistently traded at double-digit revenue multiples and won high praise for maintaining huge revenue growth rates while also driving margin expansion. This quarter, however, Pluralsight's bullish case broke down, as the company reported Q2 earnings that included a huge setback in billings and a disappointing full-year outlook. Shares pulled back nearly 40%, briefly bringing the stock below its IPO price and entirely