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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PaaS: SaaS Companies NEED PaaS Strategy

I have been analyzing SaaS companies for over a decade. More recently, I have been looking into their acquisition strategies, as many have now reached critical mass and need to expand beyond the one product that made them successful to begin with.

Some clear trends are evident in the industry:

First, SaaS companies are acquiring capital efficient startups much more readily than heavily funded ones. Bootstrapped startups are particularly popular as acquisition targets. We’ve covered several prolific acquirers of small startups:

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Twilio Closes the SendGrid Acquisition

Cloud computing software vendor Twilio (NYSE:TWLO) has had a phenomenal stock rally this year. In the last twelve months, the communications platform provider has seen its stock climb an impressive 250%. But analysts are beginning to wonder if the stock has reached its peak.

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What is Next for VMWare?

According to a Gartner report, VMWare (NYSE:VMW) accounts for 91% share of the virtualization infrastructure software market. Even after including vendors like Microsoft that provide virtual machine capabilities bundled with their other server offerings, VMWare still leads with about 60%-75% share of the market.

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