企业学习与技能提升软件：5月网络流量和应用下载数据- 4月相对稳定后逐渐走弱

M UpdateSoftware | North AmericaCorporate Learning & Skilling Software: May Web Traffic and App Download Data - Incrementally Weaker Following Relative Stability in AprilMay data was incrementally weaker with growth rates continuing to trend negative and decelerating vs April. All in, data remains uninspiring and we see more attractive R/R elsewhere in our coverage as enterprise budgets remain pressured and web trends show no meaningful signs of improvement. M Morgan Stanley & Co. LLCJosh Baer, CFAEquity Analyst Josh.Baer@morganstanley.com +1 212 761-4223 Keith Weiss, CFAEquity Analyst Keith.Weiss@morganstanley.com +1 212 761-4149 Ryan LountzisResearch Associate Ryan.Lountzis@morganstanley.com +1 212 761-3189