Microsoft Stronger than Ever

Even amid the recent global turmoil, tech giant Microsoft (Nasdaq: MSFT) appears unfazed. The company recently reported its third quarter results that continued to outpace market expectations. Its stock climbed 2% in the after-hours session. Despite the market turmoil this year, Microsoft’s stock has gained 12% since the start of the year.

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For Google, Cloud Diversification Pays Off

According to the Interactive Advertising Bureau, 70% of media buyers are planning to change their advertising spending plans due to the coronavirus. Advertising giants like Google (Nasdaq: GOOG) began witnessing these changing patterns in March. Google recently announced its first quarter results and while revenues outpaced market expectations, the company acknowledged the uncertainty for the second quarter. Google’s advertising revenues may be hurting, but its Cloud segment will help drive growth.

Cloud Stocks: Cloudera Focuses on Hybrid Cloud

According to an Allied Market research report, the global Hadoop-as-a-service market is estimated to grow at 39% CAGR to reach $74 billion by 2026 from $5.3 billion in 2018. Hadoop deployment helps provide scalability to enterprise technology solutions, thus helping reduce operating cost and use of commodity hardware for reliable distribution. Cloudera (NYSE: CLDR), a leading player in the market, reported strong results for the recent fourth quarter.

Cloud Stocks: Nutanix Needs to Define a PaaS Strategy

Current market conditions are taking a toll on most companies. Enterprise cloud computing player Nutanix (Nasdaq: NTNX) was no different. It reported its second quarter results recently that surpassed market expectations, but the weaker outlook due to the coronavirus conditions hurt the stock significantly. It fell 20% in the afterhours trading session post result announcement.

Cloud Stocks: MongoDB has Miles to go

IDC projects the database market to be $71 billion in 2020, growing to $97 billion in 2023. MongoDB has less than 1% share of the global database market and a long runway for growth ahead of it.

SAP Verticalizing SAP S4/HANA

Earlier this week, SAP (NYSE:SAP) announced its first quarter results for the year that failed to impress the market. But there is a silver lining to its results – its cloud business growth.

Netflix Benefits from the Lockdowns – For Now

While the Covid-19 lock downs have hurt the global economy significantly, there are certain industries that are seeing strong growth. One surprising beneficiary is streaming service provider Netflix (Nasdaq: NFLX) that delivered a record quarter recently.

IBM’s New Leadership Counts on Hybrid Cloud

IBM (NYSE: IBM) reported its first quarter results this week and it failed to impress the market. The Covid-19 crisis gripping the world has also impacted IBM significantly, and the company pulled back on its outlook for the rest of the year. This was the first result announcement under IBM’s new leadership of Arvind Krishna who took over from Ginny Rometty. The macroeconomic conditions present a tough challenge for the new leader.

CrowdStrike Benefits from Current Conditions

According to a Research and Markets report, the global endpoint security market is expected to reach $18.4 billion by 2024, growing at 8% CAGR from $12.8 billion in 2019. Analysts believe that given the recent lockdown conditions, as organizations enable more and more people to work from home, endpoint security players such as CrowdStrike (NASDAQ: CRWD) will see their market grow more rapidly than estimated earlier.

Cloud Stocks: Upwork Improves Monetization

Mountain View-based Upwork (NASDAQ: UPWK), the largest online marketplace that enables businesses to find and work with highly-skilled freelancers, has been making several changes to revive its growth rate and improve monetization.