North America Equity Research April 11, 2025 Enterprise Software – SMID Cap Pinjalim Bora, CFA AC (+1-415) 315-6764 pinjalim.bora@jpmchase.com J.P. Morgan Securities LLC Noah R Herman (+1-212) 622-5415 noah.r.herman@jpmchase.com J.P. Morgan Securities LLC Jaiden Patel (+1-646) 342-6427 jaiden.patel@jpmchase.com J.P. Morgan Securities LLC The authors wish to thank Rachit Agrawal, of the J.P. Morgan Global Research Center, for contributions to this report See the end pages of this presentation for analyst cer ...