Amazon (Nasdaq: AMZN) recently announced its first quarter results that surpassed all market expectations and sent the stock soaring. The market is very pleased with its performance. Besides increasing the stock’s price target, analysts believe that it may well be on its way to becoming a trillion-dollar company. Clearly the recent remarks by President Trump about the company did not hurt it at all.
Microsoft (Nasdaq: MSFT) last week announced its third quarter results that blew past all market expectations. Microsoft’s Azure continued to shine and helped boost its Intelligent Cloud revenue. >>>
Last month, the world was shocked at how Cambridge Analytica harvested private data from the Facebook (NASDAQ: FB) profiles of millions of Americans without their permission. Following this massive data leak, Facebook CEO Mark Zuckerberg appeared before the Senate’s Commerce and Judiciary committees in early April to apologize and defend the company. >>>
Analysts estimate the global Internet of Things (IoT) market to grow 29% annually over the next few years to become a $457 billion industry by the year 2020 from $157 billion in 2016. Redwood City-based C3 IoT is a leading player and a Billion Dollar Unicorn member in the sector.
According to a ResearchandMarkets report published earlier this week, the global Data Center Colocation Market is estimated to grow 15% annually over the next five years to $73.8 billion by 2023 from $31.25 billion in 2017. Redwood City-based Equinix (NYSE:EQIX) is a leading player in the segment.
Over the last few decades, there have been several SaaS players who have helped organizations acquire customers through a cloud-based CRM model. But it is only recently that organizations have realized the importance of managing customer success. Customer success has been defined as the ability of an organization to ensure that their customers are happy with their services so as to retain them for longer and expand their relationship.
Collaboration software maker Atlassian (NASDAQ: TEAM) has had an impressive run in the two years that it has been public. It had a successful IPO that valued it at $5.8 billion and today its value has almost tripled. The company recently reported another strong quarter and is taking strong strides toward annual revenue of $1 billion. >>>
According to a Market Research Engine report published earlier this week, the global Identity and Access Management is estimated to grow 12% annually over the next few years to become a $14 billion industry by 2023. Recently reported results of the Billion Dollar Unicorn Okta (Nasdaq:OKTA) corroborate this rapid growth.