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Technology Stocks
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) 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.
>>>Apple Rides High Across All Categories
Earlier this week, Apple (Nasdaq: AAPL) announced its third-quarter results that shattered market expectations across all segments. The company continued to report stellar growth across all product lines delivering double-digit growth overall.
>>>Cloud Stocks: Analysis of Zoom’s Five9 Acquisition
Online video conferencing player Zoom Video Communications (Nasdaq: ZM) has benefited from the pandemic conditions. The company is continuing to expand its market presence through acquisitions. Recently, it announced the acquisition of Five9, its biggest acquisition so far.
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