Just over half of executives we surveyed met or exceeded revenue targets in October, a modest improvement from September. About 50% of executives have adjusted their revenue targets downward for 2023, with a majority those adjustments between 11-20%.

The biggest concern for executives heading into 2024 is increasing profitability despite slower growth. Although 4 in 5 companies expect to grow revenues in 2024, the majority of respondents are expecting to grow no more than 25% or stay flat.