Amazon (NASDAQ: AMZN) last week reported a mixed quarter. Its earnings missed estimates while revenue growth was strong. Its cloud segment AWS missed analyst sales estimates.>>>
This week, Facebook (NASDAQ: FB) reported a strong quarter that beat analyst estimates. Market has reacted positively to its strong quarter and the recent FTC settlement.>>>
According to a report by Markets and Markets, the global endpoint security industry is estimated to grow at a CAGR of 9.92% from $11.8 billion in 2018 to $19.69 billion by 2024. CrowdStrike (NASDAQ: CRWD) is an endpoint security player that went public last month. Last week, it reported results of an impressive first quarter.>>>
Last week, SAP reported results of its second quarter, which were just short of analyst expectations. A major cause for worry was the 5% decline in software license revenue. The disappointing results led to a 7% slide in its stock price.>>>
According to Canalys, cloud infrastructure spend grew 46% to $80 billion in 2018. While Amazon Web Services continues to dominate the market with 31.7% share, Microsoft Azure is second with 16.8% share. Microsoft (Nasdaq: MSFT) last week announced its fourth quarter results that blew past all market expectations and sent its valuation again into the trillion-dollar zone.>>>
Earlier this week, IBM (NYSE: IBM) announced its second quarter results that saw improvement in its Cloud metrics. But the increase in Cloud revenues could not offset the decline in its legacy business.>>>
As competition from cable players and other channels heats up, Netflix (Nasdaq: NFLX) appears to have stumbled in the recent quarter. In a surprising miss, subscriber growth was lower than estimated for both the domestic and international markets, sending the stock tumbling in the after-hours session.>>>
According to an IDC report published earlier this year, the global revenues for big data and business analytics (BDA) solutions are estimated to grow from $189.1 billion in 2019 to $274.3 billion by 2022 at a CAGR of 13%.
Cloud-based provider of BI tools Domo (NASDAQ: DOMO) is seeing strong growth in its revenue.