Earlier this week, Google’s parent Alphabet (Nasdaq: GOOG) reported its fourth quarter performance. While the company surpassed market expectations for the quarter, rising costs and lower advertising prices are hurting its profits. The market was not happy, and in the after-hours trading session, the stock fell 3%.
According to researchers, the global IT Service Management applications market is expected to grow at nearly 10% annually to $2.8 billion by 2022 from $2.6 billion in 2017. ServiceNow (NYSE: NOW) is the leading vendor in the market followed by Atlassian Software. ServiceNow’s market share is estimated to have grown 42% in 2017.
Facebook (Nasdaq: FB) had a tough 2018 as it dealt with several concerns on privacy, fake news, and emotional well-being of its users. The stock had soared to a record high last summer before it reported a decline. It still hasn’t recovered to its former glory, but 2019 is proving to be more promising so far. Its recent fourth quarter result announcement sent the stock climbing nearly 11% in a single day – making it the biggest single day climb recorded by the company in the last two years.
Early this month, Apple (NASDAQ: AAPL) CEO Tim Cook had warned of a bleak first quarter, the first-ever decline in a holiday quarter due to decline in Greater China. Last week, Apple announced the details of its earnings. The bright spot in its earnings was its performance in Services. >>>
Earlier this week, Microsoft (Nasdaq: MSFT) reported a mixed quarterly result. While revenues missed the market’s forecast, it managed to deliver a slight earnings beat. Its cloud business continued to deliver growth, but Microsoft Azure’s performance failed to impress.
According to a Reports Monitor report published last year, the global digital signature market is estimated to grow by more than 31% annually over the next six years. Billion Dollar Unicorn DocuSign (Nasdaq: DOCU) is a leading player in the segment that is counting on growth driven by the increasing penetration of internet and the growing acceptance of e-signatures in the Banking, Financial services, and Insurance sector.
According to a Zion Market research report, the global hadoop market was estimated to grow at CAGR of 50% to $87.14 billion by the end of 2022. Billion Dollar Unicorn Cloudera (NYSE: CLDR) is a leading player in the segment which recently strengthened its standing in the market by announcing its merger with rival Hortonworks.
A recent GM Insights report estimates the global endpoint security market to grow to more than $7.5 billion by 2024 driven by the rising adoption of Bring-Your-Own-Devices (BYOD) in organizations. Waltham, Massachusetts-based Carbon Black (Nasdaq: CBLK) is a leading player in this industry.