Tech giant SAP (NYSE: SAP) announced its third quarter results last month that failed to impress the market. Its weak outlook, driven by the impact of COVID-19, sent its stock falling 21% in a single day – a record decline in the past 25 years.
>>>Ecommerce platform BigCommerce recently reported results of a strong third quarter driven by 82% growth in its partner and services revenue (PSR). It went public in August this year on the NASDAQ under the ticker BIGC.
>>>Communications PaaS player Twilio (NYSE: TWLO) continues to see stellar results amid the current pandemic. The company continues to invest wisely in product development and even acquisitions.
>>>According to an Allied Market Research report, the global complaint management software market was estimated to grow at 11% CAGR to reach $8.3 billion by 2026. Leading player Zendesk (NYSE: ZEN) recently announced its third quarter results that continue to outpace market’s forecast as the company invests in building its partner ecosystem to drive growth.
>>>According to a recent Research and Markets report, the global 5G security market is expected to grow to $6.5 billion by 2025. Infrastructure security will be the fastest growing segment and will grow to $2.6 billion by 2025. Akamai (NASDAQ: AKAM), is realizing the importance of the market and is investing in partnerships and acquisitions to cater to this industry.
>>>Inbound marketing specialist HubSpot (NYSE:HUBS) recently reported its third quarter results that continued to surpass market expectations. Besides product enhancements, HubSpot has been revamping its pricing model to make its offering more attractive to customers, especially during current uncertain times.
>>>Ontario-based Shopify (NYSE:SHOP) continues to deliver stellar results. The company continues to add several new features to its platform to help merchants reach a wider audience.
>>>Facebook (Nasdaq: FB) recently reported its third quarter results that surpassed the market’s expectations. But the company appears to be struggling to add users in mature markets including US, Canada, and even Europe.
>>>Earlier last week, Apple (Nasdaq: AAPL) announced its fourth quarter results that surpassed market expectations. The stock fell 5% in the after-hours trading session, primarily due to disappointing iPhone sales.
>>>Last week, Google (Nasdaq: GOOG) announced its third quarter results that continued to surpass market expectations. While Google continues to invest in search improvements, it is seeing strong traction in its Cloud offerings.
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