What Could be Next for Salesforce?

Salesforce.com (NYSE: CRM) continues to stun the market with a performance that outpaces all expectations. The market was so pleased with Salesforce’s recently reported results that the stock reported the biggest climb in the last two years. Post the result announcement, its stock climbed 9.5%, the most intraday growth recorded in the stock since 2016.

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Veeva Continues to Soar

According to a Market Watch report published recently, the global cloud-based healthcare computing market is estimated to grow 20% annually over the next few years to $11 billion by 2022. Veeva (NYSE: VEEV) continues to ride high on this growth.

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Adobe Misses Earnings Outlook, But Revenues Continue to Outpace

Adobe (Nasdaq: ADBE) has been transforming its operations to stay in step with the industry’s trends. For the past few years, it has been shifting toward a subscription-based model from the traditional license-based model for its software. More recently, it has been making relevant acquisitions in the cloud. The recent results were stellar, but the earnings outlook failed to impress the market.

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Billion Dollar Unicorns: Ola at Crossroads

The constant strikes at both Ola and Uber following a cut in driver incentives have taken a toll on their growth. Ola and Uber together grew just 20% to 3.5 million rides per day in 2018 across all segments, including taxis, autorickshaws, and shared cabs. Compare this to 2016 when they collectively grew 90% to 1.9 million rides in 2016 and 57% to 2.8 million rides a day in 2017. Despite losses and slow growth, India’s largest ride-hailing service Ola Cabs recently raised $50 million that valued it at about $4.3 billion, making it the second most valuable Billion Dollar Unicorn in India.  >>>

Billion Dollar Unicorns: Lime Rides its way into the Club

The ride-sharing industry is going through an overhaul with the rapid emergence of bikes and scooters to address the demand for “micro-mobility”. According to CB Insights, more than 60% of US trips are made within the 0-5 mile distance. There is a growing demand for bike and cycle sharing services to solve the first and last-mile problem of providing rides from and to the transport hubs. It is this growing demand that has shot players like Lime into the Billion Dollar Unicorn club.

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Billion Dollar Unicorns: Bitmain Lists to Go Public

According to a Coherent Market Insights report published earlier this year, the global cryptocurrency mining market is estimated to grow at 30% CAGR from $610.91 million in 2016 to $38.38 billion by 2025. The market is dominated by China’s Billion Dollar Unicorn Bitmain, which recently filed to go public.

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Billion Dollar Unicorns: About You Becomes the First Unicorn from Hamburg

According to a recently published Fashion and Apparel Industry report, the global e-commerce-based apparel market is estimated to grow from $481 billion in the current year to $713 billion by the year 2022. Billion Dollar Unicorn About You is riding high on this growth rate.

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Billion Dollar Unicorns: Celonis Bootstrapped First, Raised Money Later

According to a Market Research Future report, the global big data analytics market is estimated to grow at 12% CAGR to $275 billion by 2023. German data analytics startup Celnois recently joined the Billion Dollar Unicorn club after bootstrapping for several years.

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Indian Music App Gaana Topping the Charts

According to the Ficci-EY media and entertainment industry report 2018, the Indian music industry was worth $179 million in 2017 and is expected to grow to $434 million by 2020. Digital channels accounted for around 65% of overall music sales. Gaana is a rising star in the Indian music streaming space. >>>

Billion Dollar Unicorns: Tradeshift Gathers Funds To go Public

According to a recent report, the global supply chain management (SCM) market size is expected to have grown 14% to $12.2 billion in 2017. The market is dominated by SAP which accounts for nearly 27% of the market share, followed by Oracle with 14% share. The growth in the industry will continue to be driven by organizations wanting to adopt cloud-based SCM offerings. Tradeshift is one such cloud offering that has recently joined to the Billion Dollar Unicorn club.

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