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Software Stocks Are Hot Again as Earnings Shows Resilience

  • Stocks are rebounding from this year’s bear-market slump
  • Alteryx, Atlassian and Cloudflare rallied after their results
Employees work at the Atlassian Global R&D Center in Bengaluru, India.
Employees work at the Atlassian Global R&D Center in Bengaluru, India.Photographer: Karen Dias/Bloomberg
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The fast-growing software companies that took a pounding in this year’s technology stock selloff suddenly are stars of the market, and earnings are a big reason why. 

Companies from Atlassian Corp. to Alteryx Inc. and Cloudflare Inc. have reported strong results, underlining tailwinds for the industry that bulls say remain intact even in a weaker economy.