According to a recent report, the Unified Communications as a Service (UCaaS) market is expected to grow at 13% CAGR to reach $69.93 billion by 2028. Leading player Twilio (NYSE: TWLO) recently announced its first quarter results that outpaced market expectations. But the continuing macro-economic uncertainty has made it cautious as was evident in its outlook.
Recently, Amazon (NASDAQ: AMZN) announced its first-quarter results that surpassed market expectations. Amid recessionary fears, Amazon has been announced a series of layoffs that helped it earn strong profit in the quarter.
Alphabet aka Google (Nasdaq: GOOG) recently reported its first-quarter results that topped the market’s expectations. As the company deals with a weak online ad market, it has been accelerating its cost management focus to ensure it turns into a leaner organization.
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.
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.
Earlier this week, Microsoft (Nasdaq: MSFT) announced its third quarter results that surpassed market expectations. The company continues to bank on its AI investments.
IBM (NYSE: IBM) recently announced mixed results for its first-quarter. The company continues to grow through partnerships. It is now making bigger inroads into the world of quantum computing.
Earlier this week Netflix (Nasdaq: NFLX) announced its fourth quarter performance that failed to impress the market. The company continues to experiment with several initiatives to drive monetization while investing in content to keep its viewers engaged.