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Technology Stocks
Cloud Stocks: Analysis of Amazon’s MGM Acquisition
Amazon (NASDAQ: AMZN) recently reported its second-quarter results that failed to impress the market. The company reported a slowdown within its e-tail segment and attributed the same to tough comparisons from the previous year when Covid had spiked eCommerce sales. As businesses and economies slowly re-open Amazon’s eCommerce segment will face a crunch, but it is looking to address the situation by expanding services such as same-day shipping and by focusing on other segments such as media streaming.
>>>IPOs 2021: AppLovin Fails to Woo the Market
According to a recent report, the global market for Mobile Application Development platforms is estimated to grow from $9.1 trillion in 2020 to $44.3 trillion by 2027 at a CAGR of 25%. Recently listed AppLovin (NASDAQ: APP) is helping mobile app developers make sure that their apps reach the consumers.
>>>Cloud Stocks: Twilio Focuses on Customer Engagement
According to IDC, the global communications Platform as a Service (CPaaS) market is expected to grow from $4.26 billion in 2019 to $17.71 billion by 2024. Communications PaaS leader Twilio (NYSE: TWLO) has been expanding its focus beyond communication to customer engagement with its recent acquisitions.
>>>Cloud Stocks: Analysis of Microsoft’s Three More Acquisitions After Nuance
Last week, Microsoft (Nasdaq: MSFT) announced its fourth quarter results that surpassed all market expectations. Microsoft has executed well across board dispelling concerns about its dependence on Azure for growth.
>>>Cloud Stocks: How can Atlassian Amplify its Robust Growth?
Last week, Atlassian (NASDAQ: TEAM), a leading provider of team collaboration and productivity software, reported results for a strong fourth quarter that surpassed estimates. It has executed beautifully on its ecosystem strategy that is now reaping benefits. But there is still room for improvement.
>>>Cloud Stocks: ServiceNow’s Entire Portfolio is Booming
Last week, ServiceNow (NYSE:NOW) reported its second-quarter results that surpassed market expectations. ServiceNow is witnessing robust growth across the entire gamut of its offerings including IT Service Management (ITSM), IT Operations Management (ITOM), Customer Workflow, and Creator Workflow segments. Nothing appears to be standing in the way of this giant.
>>>Facebook Wants to Pivot to a Metaverse
Earlier last week, Facebook (Nasdaq: FB)Â announced its second quarter results that surpassed all market expectations. Facebook appears to want to pivot from being known as the social media powerhouse to a provider of a virtual environment over the next few years.
>>>Cloud Stocks: Google’s Offerings Help Drive Partner Revenue Growth
It appears to be a record-setting season for tech stocks as big tech delivers stellar quarterly results. Google (Nasdaq: GOOG) was no different when it announced its second-quarter results that crushed all market expectations and reduced losses significantly.
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