According to a Global Market Insights report, the global healthcare cloud computing market is estimated to grow 15.5% annually over the next few years to reach $55 billion by 2025. Pleasanton, California-based Veeva (NYSE: VEEV) recently reported its second quarter results that continued to surpass all market expectations.
>>>Virtualization infrastructure provider VMWare (NYSE:VMW) has gone on a massive shopping spree to expand its cloud portfolio. Within the last few months, VMWare has made several big acquisitions to continue to drive product and market growth. The company recently also announced its second quarter results that surpassed all market expectations, but the stock fell 9% after the result announcement.
>>>Quickbooks’s parent company Intuit (NASDAQ: INTU) recently reported its fiscal fourth quarter results that outpaced market expectations. The stock has climbed nearly 50% this year, and growth doesn’t appear to be slowing down.
>>>Inbound-marketing software specialist HubSpot recently reported a strong second quarter that blew past expectations. The market is pleased with its strong performance and its stock has soared to a new high.
>>>According to a McKinsey report, the global payments market is estimated to grow from $1.9 trillion in 2017 at 9% CAGR to $2.9 trillion by 2022. Portsmouth-based Bottomline Technologies (Nasdaq: EPAY) is a leading player in the B2B world of digital payments.
>>>According to an Orbis Research report, the global online survey software market is expected to grow 11% annually over the next few years from $1.01 billion in 2018 to double that by the year 2024. SurveyMonkey (Nasdaq: SVMK) is delivering strong results in wake of this growth projection.
>>>This has been a big year for ride sharing companies as the giants in the space – Uber and Lyft – both went public this year. Uber (NYSE: UBER) delivered the biggest IPO of the year and analysts were expecting a lot from Lyft (NASDAQ: LYFT) as well. But since going public, both companies have struggled to retain and grow their valuation. Investors are becoming more realistic about valuations and are clearly paying heed to some financial metrics when assigning the values to the businesses.
>>>President Trump’s recently introduced tariff hikes against China have begun to hurt the US stock market. Recently, networking giant Cisco (Nasdaq: CSCO) reported its quarterly results. While the reported quarter’s performance outshone market expectations, the outlook was a big disappointment. The company blamed the low outlook on the growing trade concerns with China.
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