VMWare Eyeing Containers

Virtualization giant VMWare (NYSE: VMW) recently announced a stellar first quarter that beat estimates. VMWare dominates the virtualization infrastructure market with a 91% share and now it is looking to bolster its containers and security capabilities.

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RingCentral Banks on Platform and Product Expansion to Cross $1 Billion Revenue Milestone

According to a Market research Future report, the global Cloud Communication Platform is estimated to grow 25% over the next few years to $5.7 billion driven by the increasing adoption of BYOD and remote working practices within organizations. Recently, RingCentral (NYSE:RNG), a leading player in the market announced its impressive first quarter results.

Cloud Stocks: DocuSign Prepares to Beat Rival Adobe

According to a ResearchandMarkets report, the global digital signature market is estimated to grow at 37% CAGR to $5.5 billion by 2023 from $1.2 billion in 2018. Recently, DocuSign (Nasdaq: DOCU), a leading player in the segment announced its first quarter results. But while the company surpassed market expectations for the quarter, slowdown in billings and growing competition have the analysts worried. Post its result announcement, its stock slid 20% in the after-hours trading.

Smartsheet Banks on Acquisitions for Growth

The global enterprise collaboration software market is estimated to grow 11% annually to $53.8 billion by 2023. Seattle-based Smartsheet (NYSE: SMAR) is already benefiting from this double-digit growth rate. Growth in revenues doesn’t appear to be translating into profits, but the market does not seem very concerned. Smartsheet continues to add capabilities through product innovation and acquisitions.

Palo Alto Networks Builds Through Acquisition to Take on Competition

Cyber security player Palo Alto Networks (NYSE:PANW) recently announced its third quarter results that surpassed market expectations. The company continues to build its portfolio through acquisitions within the highly fragmented industry. It is focused on securing the cloud environments for its enterprise customers as it builds its arsenal to take on big competitors like Cisco in the space.

Valuation of Cloud Platform PagerDuty Soars after IPO

According to PricewaterhouseCoopers, 32% of all customers say they will walk away from a brand after just one bad experience. Delivering a great digital experience is the new requirement for disruption and competitive advantage. However, billions of digital signals from technological infrastructure make it difficult to separate important signals from noise. Billion Dollar Unicorn PagerDuty is a SaaS-based digital operations management platform that recently went public and reported a strong first quarter.

Cloud Stocks: Einstein and Open-Source Platform Lead the Charge for Salesforce

According to an IDC report published earlier this year, Salesforce.com (NYSE: CRM) remained the largest CRM services provider for the sixth year in a row and increased its 2018 market share by more percentage points than the rest of the top 15 CRM vendors combined. Here is the infographic from IDC that reveals Salesforce’s might.

Okta Launches a Fund for Security Startups using AI

According to a MarketersMedia report, the global Identity Access Management market is estimated to grow 16% annually to reach $24 billion by the year 2022. Recently, Okta (Nasdaq: OKTA), a leading player in the industry, announced its fiscal first quarter results that outpaced market expectations and sent the stock soaring 12% higher. The market is very pleased with Okta and its stock has climbed almost 70% since the start of the year.

Cloud Stocks: Workday Wants to Disrupt Cloud Computing Using Machine Learning

For the third year in a row, cloud-based financial and human resources enterprise services provider Workday (NASDAQ: WDAY) was ranked as the leader in Gartner’s Magic Quadrant for Cloud Core Financial Management Suites for Midsize, Large, and Global Enterprises. Gartner recognized Workday for its Intelligent Capabilities, analytics, intuitive experiences and better business planning abilities. Workday’s recognition in the industry is also translating to higher revenues, as was evident in its first quarter result announcement.  

Will Salesforce Acquire Vlocity?

According to a recent IDC report, healthcare, public sector, finance, retail and wholesale, and manufacturing sectors are estimated to have spent $37.5 billion on industry cloud solutions in 2018. San Francisco-based Vlocity is a leading industry cloud solutions provider that recently joined the Billion Dollar Unicorn club.