Inbound marketing specialist HubSpot (NYSE:HUBS) recently reported its first quarter results, which outpaced market expectations. However, the grim outlook of the economy is doing little for its outlook. It lowered its revenue and earnings expectations for the rest of the year from earlier forecast and missed analysts’ forecast.
The global pandemic has provided cloud-based enterprise services providers a big boost in their revenues. Communications PaaS player Twilio (NYSE: TWLO) is one such player that has seen record revenues amidst the recent COVID-19 crisis. Earlier this month, the company announced its first quarter results that outpaced all market expectations and sent the stock soaring to
Facebook (Nasdaq: FB) recently reported its first quarter results that failed to impress the market. But as social interactions go virtual and ad markets begin to recover, the stock is beginning to gain lost ground.
The current coronavirus conditions have done little to hurt the tech giants. Under the leadership of its new CEO Bill McDermott, ServiceNow (NYSE: NOW) continued to report a stellar quarter. The stock even climbed to a 52-week high recently.
The coronavirus crisis has done little to hurt big tech players such as Amazon, Google, Microsoft, and now Apple (Nasdaq: AAPL). Recently, Apple announced its second quarter results, and while the company shied away from giving a guidance, its performance inspired confidence in the market. But the crisis is far from over, and the current
Where most companies are facing the heat on account of the global virus-inflicted lockdown, Amazon (NASDAQ: AMZN) is seeing strong growth. The stock recently climbed to 52-week high levels as the company continues to scale up to meet increasing e-commerce and cloud computing demands.
According to the Interactive Advertising Bureau, 70% of media buyers are planning to change their advertising spending plans due to the coronavirus. Advertising giants like Google (Nasdaq: GOOG) began witnessing these changing patterns in March. Google recently announced its first quarter results and while revenues outpaced market expectations, the company acknowledged the uncertainty for the
According to an Allied Market research report, the global Hadoop-as-a-service market is estimated to grow at 39% CAGR to reach $74 billion by 2026 from $5.3 billion in 2018. Hadoop deployment helps provide scalability to enterprise technology solutions, thus helping reduce operating cost and use of commodity hardware for reliable distribution. Cloudera (NYSE: CLDR), a