BlackLine Remains ERP Agnostic

According to a Transparency Market Research published earlier this year, the global accounting software market was estimated at $5.7 billion last year. It is expected to grow to $11.8 billion this year and to continue to grow at 9% annually over the next 8 years. Recently, cloud-based financial software provider, BlackLine (Nasaq: BL) announced better than expected third quarter results. But the present turmoil in the market hasn’t spared this stock either.

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Apple Fails to Impress the Market

Last month has not been a good one for the stock market with both the Dow and Nasdaq 100 reporting steep declines. Nasdaq 100 was down 11% last month, making it the worst month since the 2008 financial crisis. Those expecting a rebound of the tech stocks were disappointed as Apple’s (Nasdaq: AAPL) lackluster performance added to the bearish trend in the market. Post the result announcement, Apple’s stock tumbled 7% in the after-hours trading session. This was the worst reaction to Apple’s earnings in more than four years.

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BookMyShow’s Diversification Hurts Profits

The increasing penetration of Internet and smartphones have given rise to many successful businesses in India. One of them is online entertainment ticketing portal BookMyShow. >>>

Qualys Counts on Acquisitions for Growth

According to a recent report by Research and Markets, the global cyber security market is expected to grow from $152.71 billion in 2018 to $248.26 billion by 2023 at a CAGR of 10%. Earlier this week, cloud-based security player Qualys (Nasdaq: QLYS) reported its third quarter results that surpassed market expectations for the fourth consecutive quarter.

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eBay Focusing on Payments

According to an eMarketer report published earlier this year, online retailer Amazon is expected to account for 49% of the US ecommerce market by the end of the year. Rival eBay (Nasdaq: EBAY) comes in a distant second with a modest 6.6% market share. The report estimates total US ecommerce sales to be nearly $253 billion by the end of the current year.

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Alphabet Losing Ground to Amazon

Last week was a bad week for the Alphabet (Nasdaq: GOOG) stock. Its disappointing results coupled with the market’s unease saw the stock fall to 6-month low levels after the results announcement. The investors are also worried about Amazon’s growing strength within the advertising segment.

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Microsoft Cloud Outpaces Amazon

Last week, Microsoft (Nasdaq: MSFT) reported its fiscal first quarter results that surpassed market expectations for the fourth consecutive time. The company continues to deliver tremendous growth within the cloud segment. In fact, its performance helped Microsoft become the second biggest stock after Apple, stripping Amazon of the title.

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How is Amazon Performing in India?

Amazon (NASDAQ: AMZN) reported a mixed third quarter last week. For the second straight quarter, it missed estimates of revenue while earnings estimates blew past estimates. International sales have also seen a slowdown due to late onset of Diwali this year. This was the fourth straight quarter of profit above $1 billion, but the volatile market has been unforgiving. >>>