Where most technology giants are delivering a strong growth, networking player Cisco (Nasdaq: CSCO) appears to be struggling. Cisco recently announced its quarterly results that surpassed market expectations. However, a weaker outlook, on account of the global conditions, sent the stock tumbling 6% in the after-hours trading session.
According to a Grand View Research report published this month, the global low code application development platform market size is expected to grow at 23% CAGR to $86.92 billion by 2027. Israel-based Magic Software Enterprises (Nasdaq: MGIC) is benefiting from this high growth forecast.
According to a Markets and Markets report, the global market for healthcare cloud computing is expected to grow from $28.1 billion in 2020 to $64.7 billion by 2025 at a CAGR of 18.1%. Pleasanton, California-based Veeva (NYSE: VEEV) recently reported its second quarter results that continued to surpass all market expectations.
According to an Adroit Market Research, the global Human Capital Management market is estimated to grow to $18 billion by the year 2025. Paylocity (Nasdaq: PCTY) recently announced its quarterly results that continued to surpass market expectations.
At the start of the year, analysts expected Stripe, the online payment processing service provider, to go public. Stripe, however, had denied any such plans despite continuing to add to its leadership portfolio. Given the current conditions though, that IPO listing may not be happening soon.
According to a recent Research and Market report, the global online survey software market is projected to grow at 13% CAGR to reach $10.162 billion by 2025 from $4.87 billion in 2019. SurveyMonkey (Nasdaq: SVMK) recently reported its second fiscal quarter results that surpassed all market expectations.
Adobe (NASDAQ: ADBE) recently reported its quarterly results that revealed record breaking performance. The company’s digital focus helped it deliver its best third quarter in its history despite the current pandemic conditions.
Enterprise collaboration solution provider Smartsheet (NYSE: SMAR) continues to deliver strong topline growth amid the current conditions. The company recently acquired Brandfolder to accelerate its efforts to digitize enterprise workflows.