A recently published Gartner Magic Quadrant report estimates that within the next three years, 90% of IT leaders will no longer purchase premises-based unified communications infrastructure, compared with nearly 50% in 2018. In the next three years, cloud-based communications offerings are expected to dominate the market due to their functionality, features, analytics, and dashboarding capabilities.
Identity access management company Okta (Nasdaq: OKTA) recently announced stellar fourth quarter results. Its record performance for the quarter outpaced market expectations. However, the market wasn’t impressed with its weak earnings outlook and the stock fell 10% following the results.
According to a Research and Markets report, the global enterprise collaboration software market is estimated to grow at a CAGR of 11% from $31.7 billion in 2018 to $53.8 billion by 2023. Smartsheet (Nasdaq: SMAR), a leading player in the market recently announced its quarterly results that surpassed market expectations and sent the stock soaring
Adobe (Nasdaq: ADBE) recently reported another stellar quarter that surpassed the market’s forecast. But the Street has come to expect a lot more from Adobe. Its outlook failed to impress the market and the stock fell 5% post result announcement. But Adobe continues to remain an impressive example of a turn-around done right as it
According to a Market Research Engine report published earlier last year, the global internet domain name system market is expected to grow 13% annually through to 2024. GoDaddy (NYSE: GDDY), an internet domain marketplace focused on small businesses, professionals, and individuals, recently announced its fourth quarter results that surpassed market expectations.
Cloud-based enterprise planning services provider Anaplan (NYSE:PLAN) went public in October last year. For the few months that the stock has been listed, it has delivered robust growth. Last month, Anaplan announced its quarterly results that surpassed market expectations and sent the stock soaring.
According to IDC, the worldwide revenues for Big Data and business analytics are expected to grow 12% annually to $260 billion in 2022. The growth is expected to be driven by the banking, manufacturing, professional services, and government sectors. More than half of all revenues will be driven by IT and business services with services-related
According to a 2018 Research and Markets report, the global B2C e-commerce market is expected to maintain double digit growth through 2021. Ontario-based Shopify (NYSE:SHOP) is a leading cloud-based commerce platform that helps SMBs run their business through both physical and digital storefronts.