Billion Dollar Unicorns: Discord Going Strong

A recent Newzoo report estimates the global gaming industry to have grown 13% to be worth $137.9 billion with 2.3 billion gamers worldwide. Billion Dollar Unicorn player Discord is a social networking site focused on these gamers.

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What will PayPal Do With Its Cash Pile?

PayPal (NASDAQ: PYPL) recently reported a strong quarter that topped estimates but its revenue outlook missed estimates.   >>>

Billion Dollar Unicorns: Atlassian Teams up with Slack to go Lean

Collaboration and productivity software maker Atlassian (NASDAQ: TEAM) recently reported an impressive fourth quarter. But what has impressed analysts the most is its partnership with rival Slack and its decision to get out of the communications market. >>>

Amazon Marching Towards Trillion Dollar Market Cap

Amazon (NASDAQ: AMZN) reported a mixed second quarter last week. While it missed estimates of revenue, earnings estimates blew past estimates. This was the third straight quarter of profit above $1 billion. >>>

Ouch! Facebook

Facebook’s (Nasdaq: FB) recently announced second quarter results are making the market wonder if the company has finally lost its charm. The company has been dealing with controversy around fake news and growing privacy concerns for a while now. Recent results suggest that those issues may be finally taking a toll on its usage metrics.

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Red Hat Outlook Disappoints

Recently Linux provider Red Hat (NYSE: RHT) reported its first quarter results. While the quarter’s performance outpaced market expectations, its outlook was disappointing, sending its stock crashing. Since the results, the company’s stock has fallen nearly 12%.

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Alphabet Betting on AI

Last quarter, Alphabet (Nasdaq: GOOG) was hit by a $5.1 billion fine by the European Commission. But despite the hit, the company surpassed all market expectations and saw its stock soar to record high levels.

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Microsoft Soaring to All Time Highs

Of late, the market has been very pleased with Microsoft (Nasdaq: MSFT) as it delivered stellar results for the fourth quarter. Better than expected outlook for the company helped drive its stock to an all time high. And, it was not just one segment driving the performance. Microsoft managed to deliver on all grounds. Well done, Mr. Nadella. Many believe that the company is headed to become a trillion dollar giant fairly soon.

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Zendesk and Freshworks Growing Steadily

Freshdesk, now called Freshworks, was originally founded as an affordable alternative to Zendesk. It recently crossed $100 million in annual recurring revenue while Zendesk recently surpassed a $500 million annual revenue run rate. Needless to say, the cloud-based help desk category is alive and well, and the companies are each exploring beyond their original product lines. >>>

IBM Continues a Slow Climb Up

IBM’s (NYSE: IBM) long turnaround appeared to slow down during the recently reported quarterly results. While the company did manage to surpass market expectations, the slowing growth rates left the market wanting.

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