Cloud-based storage services provider Dropbox has been debating for a while about going public. Last year’s dismal technology IPO and stock performance had swayed its decision to delay its IPO. But recent news suggests that the Billion Dollar Unicorn player may finally be looking at going public this year.
According to a MarketsandMarkets report, the global sales performance management market that includes software and services is estimated to grow 18% annually to be worth $5.62 billion by 2020. The market was estimated to be worth $2.48 billion in 2015.
According to research firm Apps Run the World, the top 10 ERP software vendors accounted for nearly 28% of the global ERP applications market. Overall, the global ERP applications market was estimated to be worth $82.1 billion in license, maintenance, and subscription revenues in 2015. In 2015, SAP (NYSE: SAP) was the leader in the market with 6% market share and $5.3 billion in ERP product revenues, riding on a 23% jump in license, maintenance, and subscription revenues. With its latest product innovations, SAP hopes to maintain that lead.
After a less than impressive performance last quarter, data analytics firm Tableau (NYSE: DATA) reported stellar results for the recently reported quarter. The company continues to focus on driving product innovation to help surpass market competition.
Amazon (Nasdaq: AMZN) has reported its seventh straight quarter of profit and beat earnings estimates. All this, thanks to its hugely profitable cloud segment, Amazon Web Services (AWS). >>>
Facebook (Nasdaq: FB) is the undisputed king of social media. But it had a rough end to the year due to the uproar about fake news. The company was accused of spreading hoax news that was a big catalyst in getting Donald Trump elected as the US President despite all odds. Facebook may still not have figured out how to stop the fake news, but it definitely knows how to run a successful business and literally mint money!
For the past few quarters, Apple (Nasdaq: AAPL) was struggling because of the saturated smart phone market. iPhone sales were lagging and the market wasn’t too happy with the growth on its other initiatives. But the recently reported quarter seems to prove that things may have turned around. This was a big quarter for Apple. Not only was it the holiday quarter, but it was also the first full quarter for iPhone 7 sales.