Cloud Stocks: RingCentral Acquires and Adds Partners, But PaaS is Still Missing

According to a recent market report, the global Unified Communication-as-a-Service (UCaaS) market is expected to grow at a CAGR of 23.5% from $38.74 billion in 2020 to $169.63 billion by 2027. Leading UCaaS service provider RingCentral (NYSE:RNG) recently announced its fourth quarter results that continued to surpass market expectations.

Gig Economy Growth Helps Upwork Soar

According to a study published last September, more than a third of the American workforce is working freelance amid the pandemic. They add $1.2 trillion to the US economy, a number that has grown 22% over the year. The increased unemployment due to the pandemic has accelerated this growth. Upwork (NASDAQ: UPWK) recently reported its

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Cloud Stocks: Shopify and BigCommerce Building API-based Ecosystems

Ontario-based Shopify (NYSE:SHOP) recently announced its fourth-quarter results that surpassed all market expectations. Nothing seems to be stopping Shopify as it continues to invest in its platform and business.

Cloud Stocks: Zendesk Adds Products, While Freshdesk Keeps Acquiring

Recently, CRM service player Zendesk (NYSE: ZEN) announced its fourth-quarter results that surpassed the market’s expectations. Rival Freshworks also released a peek into its financials that reveals stellar growth. Many believe that Freshworks may be eyeing a listing this year.

Cloud Stocks: Twilio Soars, Focuses on Social Initiatives

Communications PaaS player Twilio (NYSE: TWLO) recently announced its fourth quarter results that surpassed market expectations. The market was impressed with its performance and the company saw its stock soaring to record high levels in the after-hours trading session.

Cloud Stocks: Datadog on an Acquisition Spree

The recent pandemic has accelerated digital transformation across organizations. Datadog (NASDAQ: DDOG), a provider of essential monitoring and security platform for cloud applications, recently announced its quarterly results that outpaced market expectations. The company has made several acquisitions within the industry to expand its market offerings.

Cloud Stocks: Like Wix, GoDaddy Needs to Focus on PaaS

The global pandemic has accelerated the digital transformation movement across all industries. While larger organizations are focusing on transforming their business processes, smaller businesses are accelerating the creation of their online avatars. Internet domain provider GoDaddy (NYSE: GDDY) is helping SMBs make this transition by continuing to add product offerings geared towards their needs.

Cloud Stocks: Domo Needs to Open up About PaaS Metrics

According to a recent report, the global Business Intelligence and Analytics Software market size is projected to reach $33.77 billion by 2026, from $23.94 billion in 2020, translating to an annualized growth rate of 6% in the forecast period. Utah-based Domo (NASDAQ: DOMO) recently announced its third quarter results that surpassed all market expectations. The

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