Cloud Stocks: Way to Go, Salesforce

It has been another stellar quarter for Salesforce (NYSE: CRM). It announced its second quarter results this week, and what a blowout quarter it was. The company surpassed all market expectations and revised its fiscal year revenue targets upwards despite current pandemic conditions. Earlier this week, Salesforce was also added to the Dow Jones index.

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Cloud Stocks: Fastly Needs to Diversify from TikTok

Edge cloud platform provider Fastly (NYSE: FSLY) recently reported its second quarter results that surpassed the market’s expectations. But the company continues to struggle with its stand on political advertising. As the US gets ready for the Presidential elections, the scrutiny on Fastly’s stance is increasing.

Cloud Stocks: ZoomInfo Lists Despite COVID-19

Not many companies would have chosen this time to go public. But go-to-market intelligence provider ZoomInfo (Nasdaq: ZI) had listed earlier this year and despite the current conditions has seen its stock perform well so far.

Cloud Stocks: Qualys Continues to Acquire Indian Startups

Earlier this month, cloud services security provider Qualys (Nasdaq: QLYS) announced its second quarter results. The current pandemic conditions have resulted in an increased demand for security services and Qualys is catering to that through product development and acquisitions.

Cloud Stocks: Zendesk Invests in the Future

Zendesk (NYSE: ZEN) recently announced its second quarter results that were ahead of the market’s forecast. The company is still not providing an outlook for the year but remains confident of crossing its targeted billion-dollar revenue milestone this year.

Cloud Stocks: Twilio – A Successful PaaS Story

The global pandemic is helping cloud-based companies significantly. Communications PaaS player, Twilio (NYSE: TWLO), is witnessing a strong growth in its financials. Recently, it announced its second quarter results that surpassed market expectations on all fronts.

Cloud Stocks: BlackLine Needs a PaaS Strategy

According to a recent survey, more than half of US-based Finance & Accounting professionals are continuing to prioritize their organization’s finance transformation goals even amid the current pandemic. The survey conducted by financial software provider BlackLine (NASDAQ: BL) found that 53% of those surveyed saw little or no impact of the global pandemic.

Cloud Stocks: GoDaddy Restructures During COVID

Internet domain provider GoDaddy (NYSE: GDDY) recently announced its second quarter results. The company has been using the current crisis conditions to restructure its operations and financial position. The market is pleased with the actions it is taking.