Cloud Stocks: Adobe Delivers Via PaaS

Adobe (Nasdaq: ADBE) recently reported another stellar quarter that surpassed the market’s forecast. But the Street has come to expect a lot more from Adobe. Its outlook failed to impress the market and the stock fell 5% post result announcement. But Adobe continues to remain an impressive example of a turn-around done right as it continues to build its cloud, SaaS, and PaaS offerings.

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PaaS: Calling ALL PaaS Leaders

You may have read some of my writings on Platform-as-a-Service (PaaS), for example, on our blog, LinkedIn, or SeekingAlpha:

Cloud Stocks: SaaS Companies NEED PaaS Strategy
SaaS Companies: You Have An Unprecedented Opportunity

At 1Mby1M, we’re putting significant emphasis on PaaS for our community of SaaS entrepreneurs, with the observation that both customer acquisition and exits would come more naturally if they work within certain eco-systems to which they have strategic relevance.

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Fintech Startup Aye Finance Focuses on MSMEs

According to a Nasscom report, the Indian FinTech software market is expected to reach $2.4 billion by 2020. There are over 57 million micro and small enterprises in India. These enterprises are not just difficult to reach, but it is also difficult to gauge their creditworthiness. Aye Finance is a FinTech startup that is using technology to solve these challenges and provide loans to small businesses. >>>

Cloud Stocks: Will GoDaddy Follow the PaaS Route?

According to a Market Research Engine report published earlier last year, the global internet domain name system market is expected to grow 13% annually through to 2024. GoDaddy (NYSE: GDDY), an internet domain marketplace focused on small businesses, professionals, and individuals, recently announced its fourth quarter results that surpassed market expectations.

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Anaplan Shows Beginnings of a PaaS Strategy

Cloud-based enterprise planning services provider Anaplan (NYSE:PLAN) went public in October last year. For the few months that the stock has been listed, it has delivered robust growth. Last month, Anaplan announced its quarterly results that surpassed market expectations and sent the stock soaring.

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Which Apps on Splunk Have Gained Significant Traction?

According to IDC, the worldwide revenues for Big Data and business analytics are expected to grow 12% annually to $260 billion in 2022. The growth is expected to be driven by the banking, manufacturing, professional services, and government sectors. More than half of all revenues will be driven by IT and business services with services-related revenue being the fastest growing segment. Recently, big data platform Splunk (NASDAQ: SPLK) announced its fourth quarter results that surpassed market expectations.

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Shopify Delivering Robust PaaS Strategy

According to a 2018 Research and Markets report, the global B2C e-commerce market is expected to maintain double digit growth through 2021. Ontario-based Shopify (NYSE:SHOP) is a leading cloud-based commerce platform that helps SMBs run their business through both physical and digital storefronts.  >>>

India’s Droom in the Fast Lane

According to India Brand Equity Foundation, the automotive industry in India is expected to reach INR 16.16-18.18 trillion (US$ 251.4-282.8 billion) by 2026 driven by increasing middle-class income and a young population. Droom is one of the leading Indian online auto portals that targets this segment. >>>

Is Domo Exploring a Platform Strategy?

According to a TechNavio report published last year, the global business intelligence market is expected to grow 8% over the next few years driven by the need for businesses to improve their efficiency. The Americas account for the biggest share of the market with 44% share, followed by EMEA and APAC. Utah-based Domo (NASDAQ: DOMO) is a leading cloud-based provider of BI tools. Earlier this week it reported its fiscal fourth quarter results that surpassed all market expectations.

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BlackLine Counts on APIs For Growth

According to a Market Study Report published earlier this month, the global accounting software market is estimated to grow 7% annually to $17.3 billion in 2024. The report pegs the industry at $11.4 billion last year. Cloud-based financial software provider BlackLine (Nasaq: BL) recently announced its fiscal fourth quarter results that continued to surpass market expectations.

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