According to an IDC report published last month, the Big Data and business analytics market is estimated to grow 12% annually over the next five year period to be worth $203 billion by 2020 from $115 billion in 2015. But despite the high growth in the market, Tableau Software’s (NYSE: DATA) growth is not impressing the market much.
Nothing appears to deter Facebook’s (Nasdaq: FB) growth. Earlier this week, it announced its third quarter results which continued to outshine market performance and delivered record revenues. This was the fourth consecutive quarter that Facebook surpassed market expectations.
Jack Dorsey may be struggling with making Twitter work, but he appears to have impressed the market with Square’s (NYSE: SQ) performance. Earlier this week, Square reported its third quarter results which overshot market expectations. Despite the beat though, the stock is still valued significantly short of its pre-listing valuation.
After capturing the search market, Alphabet (Nasdaq: GOOG) now appears to have set its eyes on the cloud services market. While rival Amazon may be the market leader, Alphabet appears to be focused on eating into its market share.
Twitter (NYSE: TWTR) continues to stumble under the cautious eyes of the stock market. Mixed earnings results coupled by investor pressure to show monetization and margin is driving the company to desperate measures. The latest casualty is its Vine app.
Amazon (Nasdaq: AMZN) has reported its sixth straight quarter of profit but missed analysts’ earnings estimates by a wide margin. As it continues to invest heavily in its growth areas and building out its infrastructure, analysts need to realign their expectations. >>>
SAP (NYSE: SAP) is one ERP player that has successfully adapted itself to the changing market landscape. After proving its mettle within the Cloud/Big Data market with HANA, the company is now gearing up to target the Internet of Things (IoT) segment.
Apple (Nasdaq: AAPL) has been struggling for a while now. It has just reported the third consecutive quarter of revenue decline. The results were weak primarily due to the saturated smart phone market that is causing a slowdown in iPhone sales.
According to a recent research, the global SaaS market is projected to grow 8% annually over the next three years to be worth $67 billion in 2018. In another report, Gartner projects that the global spending on enterprise application software will grow from $149.9 billion in 2015 to $201 billion in 2019 due to the accelerating cloud adoption of software. It expects enterprise software spending to account for more than half of new software implementations in organizations. Cloud-based enterprise financial software provider BlackLine has seen strong growth due to these market trends and is expected to list later this week.
With the holiday season around the corner, market expectations from retail and e-commerce players normally run high. But eBay’s (Nasdaq: EBAY) recent result announcement delivered a lackluster outlook. Even though it surpassed expectations for the previous quarter, its outlook has disappointed the market, causing the stock to tumble.