A survey of 7,000 people conducted by the research firm Populous found that 3.6% of those surveyed had used a dockless scooter recently. Given the short period of time that dockless scooters have been in business, that is believed to be a much quicker adoption rate than that of dockless bikes. The market is currently dominated by two key players. Billion Dollar Unicorn Bird and Lime, which we had covered recently.
It may have been a roller-coaster end to the previous year for the stock market, but SaaS-based HCM services provider, Workday (NYSE: WDAY) seems unfazed. The company recently reported stellar third quarter results that sent its stock soaring. Despite a turbulent end to December, Workday entered the new year after gaining more than 50% in value over the previous year.
There is no denying that employee engagement and employee communication platforms can have a dramatic impact on company productivity, employee engagement, and agility. Estimates on the size of both the employee engagement and communication industry are not easily available. A 2016 report had pegged the addressable market size for global employee engagement at $74 billion with an 8% annualized growth rate. San Bruno-based Dynamic Signal is one of the leading providers in this industry.
Oracle (NYSE: ORCL) has had a few rough quarters in the recent past. Analysts are concerned that it is taking longer than expected to deliver on the cloud strategy. The recently announced results seemed to dispel some of the concerns as Oracle managed to surpass cloud-based revenue expectations. >>>
Salesforce.com (NYSE: CRM) continues to stun the market with a performance that outpaces all expectations. The market was so pleased with Salesforce’s recently reported results that the stock reported the biggest climb in the last two years. Post the result announcement, its stock climbed 9.5%, the most intraday growth recorded in the stock since 2016.
According to a Market Watch report published recently, the global cloud-based healthcare computing market is estimated to grow 20% annually over the next few years to $11 billion by 2022. Veeva (NYSE: VEEV) continues to ride high on this growth.
Adobe (Nasdaq: ADBE) has been transforming its operations to stay in step with the industry’s trends. For the past few years, it has been shifting toward a subscription-based model from the traditional license-based model for its software. More recently, it has been making relevant acquisitions in the cloud. The recent results were stellar, but the earnings outlook failed to impress the market.
The constant strikes at both Ola and Uber following a cut in driver incentives have taken a toll on their growth. Ola and Uber together grew just 20% to 3.5 million rides per day in 2018 across all segments, including taxis, autorickshaws, and shared cabs. Compare this to 2016 when they collectively grew 90% to 1.9 million rides in 2016 and 57% to 2.8 million rides a day in 2017. Despite losses and slow growth, India’s largest ride-hailing service Ola Cabs recently raised $50 million that valued it at about $4.3 billion, making it the second most valuable Billion Dollar Unicorn in India. >>>