What Economic Slowdown? This Software Company Expects to Add 30% to Its Sales Team This Year
As the U.S. Federal Reserve aggressively hikes interest rates in an attempt to slow the economy and get inflation back under control, a number of high-profile companies have slammed on the brakes in recent weeks. From Meta Platforms to Salesforce, big tech is putting a freeze on hiring, while Tesla and Coinbase have announced upcoming layoffs in response to the economic slowdown.
One company bucking the trend, though, is little-known cloud infrastructure company Dynatrace (NYSE: DT). During the company's last quarterly update in May, CEO Rick McConnell said the goal was to grow the company's direct sales force 30% in the next year -- after increasing its size by over 30% in this past year. That stance was reiterated in June at the Bank of America Global Technology Conference. How is Dynatrace pulling this off in the face of rising economic difficulty?
Image source: Getty Images.
Source Fool.com
