Cloud Stocks: Veeva Addresses Weak Market by Expanding Offerings

The global healthcare cloud computing market is expected to grow 18% annually to reach $320.9 billion by 2034 from $41.1 billion in 2024. The growth in the market is estimated to be driven by the increasing adoption of AI and data analytics in the industry along with the expansion of telehealth and remote monitoring capabilities. Veeva

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Cloud Stocks: Workday Focuses on AI Offerings to Combat Macro Conditions

Enterprise services provider Workday (NASDAQ: WDAY) recently announced its first quarter results that surpassed market expectations. Due to the macro conditions, Workday reduced its subscription outlook for the year, sending the stock falling 11% in the after-hours trading session.

Cloud Stocks: Nutanix Continues to Target VMWare’s Market

Earlier last month, enterprise cloud computing player Nutanix (Nasdaq: NTNX) announced its third quarter results that surpassed market expectations. But the depressing outlook driven by macro conditions sent the stock falling 22% in the after-hours trading session.

Cloud Stocks: Analysis of IBM’s Apptio Acquisition

IBM (NYSE: IBM) recently announced mixed results for its second-quarter. The company continues to grow through acquisitions and recently bought Apptio, a Unicorn player whose founder I had spoken with a few years ago. 

Salesforce Keeps AI Under Control

Salesforce (NYSE: CRM) recently announced its first quarter results that continued to surpass market expectations. Salesforce is seeing the impact of economic pressures as well. Its clients are looking carefully at deals, which is impacting its sales cycle. Despite that, Salesforce remains optimistic about its outlook.

Cloud Stocks: Shopify Embeds AI into Shop

Ontario-based Shopify (NYSE:SHOP) recently reported its first quarter results that continued to outpace market expectations. The company is leveraging AI solutions to drive end consumer sales through its platform.

Cloud Stocks: Meta Plays with Generative AI Capabilities

Earlier last week, Meta (Nasdaq: META), formerly Facebook, announced its first quarter results that outpaced market expectations. The company continues to invest in its Metaverse initiative, but the results announcement drove the stock up 12% in the after-hours trading session.

Cloud Stocks: ServiceNow Leverages AI Capabilities

ServiceNow (NYSE:NOW) recently reported its first quarter results that continued to outpace market expectations. Like several others, ServiceNow is also betting on the AI space and integrated several helpful AI tools within the latest release of its platform.