Last week, Google (Nasdaq: GOOG) announced its third quarter results that continued to surpass market expectations. While Google continues to invest in search improvements, it is seeing strong traction in its Cloud offerings.
Despite the current global lockdown and weak economic conditions, Amazon (NASDAQ: AMZN) continued to deliver on all fronts. The pandemic conditions are accelerating growth not only in the cloud business but even in the eCommerce segment.
Atlassian, a strong PaaS player and among our list of the Top 20 Cloud Stocks for 2020, recently reported results of a strong quarter that beat estimates. It also announced the launch of a new venture fund that will further strengthen its ecosystem strategy.
Earlier this week, Microsoft (Nasdaq: MSFT) reported its first quarter results that continued to surpass all market expectations. Its focus on Azure offerings is helping Microsoft gain a bigger market share within cloud services. Analysts believe that the current pandemic conditions are driving spending on cloud services, and Microsoft is making sure it taps into
A recent Research and Markets report forecasts that the global e-learning market will grow to $325 billion by the year 2025. Besides individual consumers who are flocking to the digital learning resources during the pandemic, organizations are also relying on these technologies to help upskill their globally dispersed employee base. Cedar Valley, Utah-based Pluralsight (Nasdaq: PS)
Earlier this week, Netflix (Nasdaq: NFLX) reported a mixed third quarter. Not only did the company stumble on its earnings performance, but its subscriber growth for the quarter was also slower than what Netflix had forecast a quarter ago. Its stock tumbled 5% in reaction to the disappointing performance and outlook.
According to a recent report, the global online learning market is estimate to grow at 9% CAGR to more than $319 billion by 2025. The current pandemic conditions will spur the growth to higher rates as people look to remote options for learning and skill enhancement.
IBM (NYSE: IBM) reported its third quarter results this week that failed to meet the market’s expectations. This was the third consecutive quarter of revenue decline for the company as it struggles to navigate through the global pandemic.