A couple of years back, Zomato was floundering as a restaurant search, discovery, reviews, and ratings service. However, with the help of several acquisitions, it diversified into the food delivery sector and has now bounced back into the Billion Dollar Unicorn Club. >>>
The stock market has had a turbulent last quarter, but Billion Dollar Unicorn MongoDB (Nasdaq:MDB) seems immune to the fluctuations. Since listing on the Nasdaq in October 2017, the database services provider has seen its stock more than triple. Recent results suggest that the growth is not slowing down soon.
A recent Research and Markets report estimates the global dockless bike sharing market to grow 21% annually over the period 2017 to 2022. But while global forecasts may sound appealing, China is witnessing an implosion in the industry. In 2017, China had nearly 40 bike sharing companies operating across its cities, with Beijing alone witnessing more than 2.3 million bikes from 15 providers. But since then, a few of these players have shut down and filed for bankruptcy. But recently, Billion Dollar Unicorn Hello TransTech raised additional funding, raising some hope for the industry.
Billion Dollar Unicorn Splunk (NASDAQ: SPLK) recently announced its third quarter results that outpaced guidance for the 27th consecutive quarter. Splunk may have initially been launched as a machine generated data analytics platform, but today it has expanded into several diverse areas. It remains focused on becoming “the ubiquitous machine data platform, the standard in every organization” in the field of IT operations and application delivery, security compliance, fraud management, business analytics, and the Internet of Things.
According to a recent report, the global talent management software market is estimated to grow 18% annually to $29.7 billion from $7.9 billion in 2017. Talent management software provides HR teams with the ability to control and manage various aspects of HR actions and helps them maintain employees’ details. One such provider is San Francisco-based Reflektive that is trying to gamify the process of employee appraisals and feedback. >>>
According to Crisil, online grocery in India is expected to grow between 65-70% annually to $1.4 billion by 2020. According to market intelligence provider Kalagato, BigBasket leads the online grocery market with a 35.2% share followed by rival Grofers at 31.5% and AmazonNow at 31.2%. >>>
A survey of 7,000 people conducted by the research firm Populous found that 3.6% of those surveyed had used a dockless scooter recently. Given the short period of time that dockless scooters have been in business, that is believed to be a much quicker adoption rate than that of dockless bikes. The market is currently dominated by two key players. Billion Dollar Unicorn Bird and Lime, which we had covered recently.
It may have been a roller-coaster end to the previous year for the stock market, but SaaS-based HCM services provider, Workday (NYSE: WDAY) seems unfazed. The company recently reported stellar third quarter results that sent its stock soaring. Despite a turbulent end to December, Workday entered the new year after gaining more than 50% in value over the previous year.
There is no denying that employee engagement and employee communication platforms can have a dramatic impact on company productivity, employee engagement, and agility. Estimates on the size of both the employee engagement and communication industry are not easily available. A 2016 report had pegged the addressable market size for global employee engagement at $74 billion with an 8% annualized growth rate. San Bruno-based Dynamic Signal is one of the leading providers in this industry.
Oracle (NYSE: ORCL) has had a few rough quarters in the recent past. Analysts are concerned that it is taking longer than expected to deliver on the cloud strategy. The recently announced results seemed to dispel some of the concerns as Oracle managed to surpass cloud-based revenue expectations. >>>