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Upwork:Quarterly Results/2023 Q1: Difference between revisions
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* Enterprise clients reducing their spend or maintaining it at the same level has contributed more than half reduction in their outlook. | * Enterprise clients reducing their spend or maintaining it at the same level has contributed more than half reduction in their outlook. | ||
* Their smaller clients are proving resilient. (Note: 80% of Upwork's GSV comes from SMBs - Citation) | * Their smaller clients are proving resilient. (Note Aron: 80% of Upwork's GSV comes from SMBs - Citation. -> Probability of guidance being lowered further might be low? ) | ||
* U.S clients have continued to be stronger than EU clients. | * U.S clients have continued to be stronger than EU clients. | ||
* Removed in their guidance outlook the expectation for the second half of the year to be stronger, which is normally the case in a non-macro impacted year. | * Removed in their guidance outlook the expectation for the second half of the year to be stronger, which is normally the case in a non-macro impacted year. | ||