Cloud software companies collectively posted a 127% year-over-year increase in net new annual recurring revenue during Q1 2026. The figure captures net new ARR, which is the incremental recurring revenue added during the quarter compared to the same period a year earlier.
Putting the number in context
The broader cloud infrastructure market hit $129 billion in Q1 2026 spending, representing an increase of more than $35 billion compared to the same quarter last year. Public Infrastructure as a Service and Platform as a Service grew 38% year-over-year according to Synergy Research Group.
Individual company results from the quarter paint a more nuanced picture. CrowdStrike reported net new ARR of $265 million, reflecting 73% year-over-year growth. NICE posted cloud revenue growth of 14.6%. Oracle’s cloud business expanded 28%. None individually approach the 127% aggregate figure.
Most SaaS and cloud revenue growth figures reported during Q1 2026 earnings season fell in the 10% to 28% range. No specific companies or protocols have been attributed to the 127% growth figure in available sources, and as of early June 2026, the metric remains unverified in major outlets.
