Cloud Stocks: Atlassian Focuses on Collaboration Tool Capabilities

According to a recent report, the global enterprise collaboration market is estimated to grow from $47.74 billion in 2022 to $54.88 billion in 2023 and at a 14% CAGR to reach a $92.41 billion by 2027. Atlassian (Nasdaq: TEAM) continues to expand its product offerings to expand its market reach.

Cloud Stocks: Twilio Focusing on Health Vertical

Communications PaaS player, Twilio (NYSE: TWLO) recently announced its fourth quarter results that continued to surpass market expectations. The impressive performance sent the stock soaring 15% in the after hours trading session.

Macroeconomic Conditions Hurt Apple, But …

Earlier last week, Apple (Nasdaq: AAPL) announced its first quarter results that failed to meet the market’s expectations. Apple attributed the miss in performance to three key factors – a strong dollar, production issues in China, and the overall macroeconomic environment. However, the silver lining is its growth in the Services Segment and its thriving

Read Full Article »

Cloud Stocks: Amazon Focused on Expanding Fulfillment with Buy with Prime

Earlier last week, Amazon (NASDAQ: AMZN) announced its fourth-quarter results that surpassed market expectations. With Amazon’s recently launched product upgrades and services, growth in revenue and earnings is expected to continue.

Cloud Stocks: Google Flexes its AI Muscle to Take on ChatGPT

Alphabet (Google) (Nasdaq: GOOG) recently reported its fourth-quarter results that failed to impress the market. Like other tech players, Google too is bracing for economic uncertainty while preparing to take on the growing power of ChatGPT.

Meta Remains Focused on AR, VR Build-Outs

Earlier this week, Meta (Nasdaq: META) announced its fourth quarter results that finally reported a quarter better than what the market had predicted. It continues to focus on building on its emerging technologies of Metaverse along with augmented reality (AR) and virtual reality (VR).

Cloud Stocks: Analysis of IBM’s Octo Acquisition

Earlier last week, IBM (NYSE: IBM) announced its fourth quarter results that surpassed market expectations. Despite the economic uncertainty, IBM continues to build its prowess through acquisitions.

Cloud Stocks: ServiceNow has a Stellar Year

The tech industry may be preparing for worsening economic conditions, but one player seems to be above all these concerns. ServiceNow (NYSE:NOW) recently reported its fourth quarter results that continued to outpace market expectations. The company’s growth metrics were well above SaaS peers in FY22, and it is expected to maintain strong growth in the

Read Full Article »