According to a Global Market Insights report, the global healthcare cloud computing market is estimated to grow 15.5% annually over the next few years to reach $55 billion by 2025. Pleasanton, California-based Veeva (NYSE: VEEV) recently reported its second quarter results that continued to surpass all market expectations.
Virtualization infrastructure provider VMWare (NYSE:VMW) has gone on a massive shopping spree to expand its cloud portfolio. Within the last few months, VMWare has made several big acquisitions to continue to drive product and market growth. The company recently also announced its second quarter results that surpassed all market expectations, but the stock fell 9%
Quickbooks’s parent company Intuit (NASDAQ: INTU) recently reported its fiscal fourth quarter results that outpaced market expectations. The stock has climbed nearly 50% this year, and growth doesn’t appear to be slowing down.
According to a McKinsey report, the global payments market is estimated to grow from $1.9 trillion in 2017 at 9% CAGR to $2.9 trillion by 2022. Portsmouth-based Bottomline Technologies (Nasdaq: EPAY) is a leading player in the B2B world of digital payments.
According to an Orbis Research report, the global online survey software market is expected to grow 11% annually over the next few years from $1.01 billion in 2018 to double that by the year 2024. SurveyMonkey (Nasdaq: SVMK) is delivering strong results in wake of this growth projection.
This has been a big year for ride sharing companies as the giants in the space – Uber and Lyft – both went public this year. Uber (NYSE: UBER) delivered the biggest IPO of the year and analysts were expecting a lot from Lyft (NASDAQ: LYFT) as well. But since going public, both companies have
President Trump’s recently introduced tariff hikes against China have begun to hurt the US stock market. Recently, networking giant Cisco (Nasdaq: CSCO) reported its quarterly results. While the reported quarter’s performance outshone market expectations, the outlook was a big disappointment. The company blamed the low outlook on the growing trade concerns with China.
eBay (Nasdaq: EBAY) recently reported its second quarter results that surpassed market expectations. The company is now mulling over splitting up, yet again. A few years ago, eBay had spun off PayPal to a separate company, and now it is considering a similar fate for StubHub and its Classifieds business.