Cloud-based enterprise services provider ServiceNow (NYSE: NOW) continues to outperform market expectations. It recently announced a leadership change when it brought over former eBay and Bain & Co. CEO John Donahoe as the new CEO. ServiceNow’s exiting CEO Frank Slootman took the company from $75 million in revenues to revenues of $1.4 billion last year. And now, the new leader is aiming to grow faster to cross the $5 billion milestone.
Meal-kit delivery services like Blue Apron have seen stellar success in the recent past, driven by convenience offered to the consumers. By providing recipe instructions along with pre-portioned ingredients, consumers can prepare delicious home cooked meals. Researcher Packaged Facts pegs the US meal kit delivery services market to be worth $1.5 billion last year. It estimates that the industry will grow to be a multi-billion dollar market over the next five years.
In 2016, fintech companies raised about $12.7 billion across more than 800 deals, according to CB Insights data. Another Billion Dollar Unicorn from this sector is Robinhood, which is trying to democratize stock trading through its technology-driven brokerage.
Last year, I had suggested that Microsoft (Nasdaq: MSFT) may well be a dark horse in the five horse tech race. Its recent performance confirms that analogy. And the horse is running a good race. The company continues to compete with the likes of Apple, Amazon, and Alphabet across multiple offerings to make sure it no longer lags.
Flipkart last month announced that it has raised $1.4 billion in funding from Tencent, eBay, and Microsoft and that it will be buying eBay’s Indian business. It is also in talks with Snapdeal for a possible merger or acquisition. But would buying these broken businesses help Flipkart fight Amazon? This question haunts the aficionados of the Indian startup movement. If Flipkart manages to somehow find success, the nation’s nascent startup momentum will continue. If it fails, it will fail in a very public way, and it will take down the entire industry’s momentum with it. Especially, it will dramatically dampen the Indian e-commerce sector’s hopes and dreams. This post is an attempt to look for a silver lining that may be able to turnaround the company. >>>
According to an IDC report published last year, worldwide revenues for Big Data and Business Analytics are estimated to grow from $130.1 billion in 2016 to over $203 billion in 2020. The growth is expected to be driven by banking, discrete manufacturing, process manufacturing, federal/central government, and professional services, which accounted for nearly half of worldwide Big Data and Business Analytics investments.
Enterprise services provider SAP (NYSE: SAP) continues to ride high on the success of Hana and its Cloud initiative. In the recent result announcement, SAP missed its earnings expectations. But the market is not worried and the stock has soared to a record high. Nothing appears to be stopping this stock.
According to eMarketer’s report on US advertising, total digital ad spending in the country is expected to grow 16% to $83 billion this year. While Alphabet will remain the leader in the market with 41% of US digital ad revenues, it will continue to lose ground to Facebook (NASDAQ: FB) within display advertising. Facebook’s US display business is expected to grow to 32% to $16.33 billion and account for 39% of the US display market. Alphabet will be a distant second with 12.5% of display ad share.