Cloud Stocks: Workday Drives Enterprise Use Cases Through PaaS, as Anaplan Taps Into Consultants

According to a recent report, the global cloud-based ERP market size is expected to grow from $45.3 billion in 2020 to $101.1 billion by 2025 at a CAGR of over 17%. SaaS-based enterprise services provider Workday (NASDAQ: WDAY) recently announced its fourth quarter results that continued to outpace market expectations.

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Cloud Stocks: After Acquisitions, Five9 Focuses on Channel and Network Partnerships

According to a recent report, the global cloud-based contact center market is estimated to grow to $56.4 billion by 2028 from $11 billion in 2021 at a CAGR of over 22%. Five9 (Nasdaq: FIVN), a leading provider of cloud software for contact centers, is already witnessing strong growth and is upping its partner and product offerings to make it even bigger.

Cloud Stocks: Salesforce can Transform Slack PaaS, But Acquisition Still Pending

Salesforce (NYSE: CRM) recently announced its fiscal fourth-quarter results that surpassed market expectations. While the company continues to grow through acquisitions and product development, its weak earnings outlook for the current year sent the stock falling 5% in the after-hours session.

Cloud Stocks: Acquisitions and Product Upgrades are the Mantra for Palo Alto Networks

According to a recent market report, the global cyber security market is expected to expand 10% annually over the period 2020 to 2027. Security player Palo Alto Networks (NYSE:PANW) recently announced its milestone quarter where it crossed a billion dollar in revenues.

Cloud Stocks: RingCentral Acquires and Adds Partners, But PaaS is Still Missing

According to a recent market report, the global Unified Communication-as-a-Service (UCaaS) market is expected to grow at a CAGR of 23.5% from $38.74 billion in 2020 to $169.63 billion by 2027. Leading UCaaS service provider RingCentral (NYSE:RNG) recently announced its fourth quarter results that continued to surpass market expectations.

Gig Economy Growth Helps Upwork Soar

According to a study published last September, more than a third of the American workforce is working freelance amid the pandemic. They add $1.2 trillion to the US economy, a number that has grown 22% over the year. The increased unemployment due to the pandemic has accelerated this growth. Upwork (NASDAQ: UPWK) recently reported its fourth-quarter results that saw stellar growth as well.

Cloud Stocks: Shopify and BigCommerce Building API-based Ecosystems

Ontario-based Shopify (NYSE:SHOP) recently announced its fourth-quarter results that surpassed all market expectations. Nothing seems to be stopping Shopify as it continues to invest in its platform and business.

Cloud Stocks: Zendesk Adds Products, While Freshdesk Keeps Acquiring

Recently, CRM service player Zendesk (NYSE: ZEN) announced its fourth-quarter results that surpassed the market’s expectations. Rival Freshworks also released a peek into its financials that reveals stellar growth. Many believe that Freshworks may be eyeing a listing this year.

Cloud Stocks: HubSpot Expands Content Offering Through Acquisition

According to a recent Grand View Research report, the global digital marketing software market is expected to reach $151.8 billion by 2027, growing at an annualized rate of 17.4% from 2020. Inbound marketing specialist HubSpot (NYSE:HUBS) recently reported its fourth quarter results that surpassed market expectations.

Cloud Stocks: Twilio Soars, Focuses on Social Initiatives

Communications PaaS player Twilio (NYSE: TWLO) recently announced its fourth quarter results that surpassed market expectations. The market was impressed with its performance and the company saw its stock soaring to record high levels in the after-hours trading session.