Cvent CEO Reggie Aggarwal in the meetings technology company’s
third-quarter earnings calls fended off analyst questioning about a looming
recessionary environment, pointing to the diversification of the tech provider’s
platform to hybrid and virtual options through the pandemic. In a show of
confidence going into the fourth quarter and year end, executives raised revenue
guidance for both metrics.
“The total cost of an event can vary up to 90 percent,
depending on what format [the hosts] choose. Our platform’s flexibility ensures
organizations will be able to continue to host their events in whatever format
they like,” said Aggarwal about what the company refers to as the “triple threat”
of its onsite, hybrid and virtual…