This year, the majority of enterprise software stocks have sort of been late bloomers. Though software stocks have outperformed versus the broader market all year, their gains have lagged behind the internet and e-commerce names that investors had bet would benefit from the stay-at-home orders. Some of the biggest-winning names this year include stocks like Etsy (ETSY) and Wayfair (W).
Yet as Q2 rolled along, enterprise software companies - which many investors had assumed would post terrible results due to weakening enterprise investment and a pullback in IT spend - posted