According to a recent cloud computing report published by Bessemer Venture Partners, the global cloud computing market is projected to grow 23% annually over the period 2014 through 2018 and reach $127.5 billion by the year 2018. The report reveals that enterprise spending on SaaS applications is currently at nearly 30% of all application spending. Technology companies
Social networking site Twitter (NYSE: TWTR) continues to fumble through its quarters. As quarterly metrics remain unimpressive, the market is beginning to lose patience. Last quarter, Twitter announced co-founder Jack Dorsey as its new permanent CEO. Now the market expects him to deliver a quick miracle.
Google, (Nasdaq: GOOG), also known as Alphabet has been on a roll. In its new avatar, the company appears to have put in added focus on the mobile and cloud initiative. And like the other tech players, it is also seeing impressive results from this move.
It appears to be the quarter of the Cloud as most technology companies are delivering strong results, all thanks to their Cloud computing focus. Earlier last week, Amazon surprised the market with a stunning performance and now it is Microsoft’s turn to follow.
Last week Amazon (Nasdaq: AMZN) delivered a spectacular quarterly performance, proving to the world that their business model works. Their investments in the Cloud service have paid off and coupled with international expansion, there appears to be nothing that can stop them now.
Earlier this week, eBay (Nasdaq: EBAY) announced their first ever quarterly results post spinning off PayPal. Any concerns about there being life for eBay after PayPal were put to rest by the announcement of the latest quarterly results, which surpassed market expectations.
Three years back, Marissa Mayer took on Yahoo’s (Nasdaq: YHOO) leadership to turn around a failing company. Today, Yahoo does not appear to have done significantly better. Quarterly results continue to disappoint and their flailing attempts to fix a broken ship don’t appear to be bearing much results.
According to a recent study on e-commerce sales conducted by RetailMeNot, the e-commerce retail industry in Europe is expected to grow 18% in 2015 to €185.39 billion (~$210.3 billion). Strong growth is expected across the continent with the United Kingdom projected to grow 16% this year. Even Germany which is a much mature market is expected to