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.

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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.

BlackBuck in High Gear in Indian Logistics

According to IBEF, the Indian logistics sector is expected to grow at a CAGR of 8%-10% from $160 billion to $215 billion by 2020. Benguluru-based BlackBuck is a logistics startup that is looking to modernize logistics and make it as simple as hailing an Uber.

Intuit Focuses on AI to Drive Growth

According to a recent IBISWorld report, the US tax preparation industry has grown 2% annually over the last few years to $11 billion this year. The market is dominated by two key players – Intuit (NASDAQ: INTU) and H&R Block. But as self-prepared tax returns continue to grow at a faster pace than assisted tax returns, Intuit will keep that advantage. Reports reveal that for the recently ended tax season, self-prepared tax returns reported a 3.3% growth compared with a 1% decline in the number of returns filed by accountants and other tax professionals.

Eventbrite Struggling Under Public Gaze

Last year, San Francisco-based, Eventbrite, finally listed on the NYSE. The company had been trying to stay independent for a while. But being under public scrutiny hasn’t been very helpful. Investors haven’t been happy with its continuing losses and the stock price has tumbled. Nearly nine months after listing, the stock continues to languish below list price with little hope in sight for recovery.