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.
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.
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.
Inbound marketing specialist HubSpot (NYSE:HUBS) recently reported its second quarter results that continued to surpass market expectations. It has been improving its product offering to help gain a bigger foothold in the enterprise segment.
Amazon (NASDAQ: AMZN) recently reported its quarterly results that continued to outpace market expectations. The company is seeing strong growth in both e-commerce and cloud businesses due to global lockdown and virtual working conditions.
Recently Google (NASDAQ: GOOG) announced its second quarter results that surpassed market expectations. However, the COVID crisis is hitting Google as well. Advertising revenues fell and Google reported its first revenue decline in over a decade.
Ontario-based Shopify (NYSE:SHOP) recently announced its second quarter results that blew out all market expectations. The company’s focus on delivering digital services for its merchants helped drive its stock to record highs.
Earlier last week, Apple (NASDAQ: AAPL) announced its third quarter results that surpassed market expectations. As physical stores shut down and consumption of digital services increases, Apple is focusing its efforts on growing its services segment. The market is pleased with Apple and its stock is touching record high levels.