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Technology Stocks
Cloud Stocks: Workday Drives Enterprise Use Cases Through PaaS, as Anaplan Taps Into Consultants
According to a recent report, the global cloud-based ERP market size is expected to grow from $45.3 billion in 2020 to $101.1 billion by 2025 at a CAGR of over 17%. SaaS-based enterprise services provider Workday (NASDAQ: WDAY) recently announced its fourth quarter results that continued to outpace market expectations.
>>>Cloud Stocks: After Acquisitions, Five9 Focuses on Channel and Network Partnerships
According to a recent report, the global cloud-based contact center market is estimated to grow to $56.4 billion by 2028 from $11 billion in 2021 at a CAGR of over 22%. Five9 (Nasdaq: FIVN), a leading provider of cloud software for contact centers, is already witnessing strong growth and is upping its partner and product offerings to make it even bigger.
>>>Cloud Stocks: Salesforce can Transform Slack PaaS, But Acquisition Still Pending
Salesforce (NYSE: CRM) recently announced its fiscal fourth-quarter results that surpassed market expectations. While the company continues to grow through acquisitions and product development, its weak earnings outlook for the current year sent the stock falling 5% in the after-hours session.
>>>Cloud Stocks: Acquisitions and Product Upgrades are the Mantra for Palo Alto Networks
According to a recent market report, the global cyber security market is expected to expand 10% annually over the period 2020 to 2027. Security player Palo Alto Networks (NYSE:PANW) recently announced its milestone quarter where it crossed a billion dollar in revenues.
>>>Cloud Stocks: RingCentral Acquires and Adds Partners, But PaaS is Still Missing
According to a recent market report, the global Unified Communication-as-a-Service (UCaaS) market is expected to grow at a CAGR of 23.5% from $38.74 billion in 2020 to $169.63 billion by 2027. Leading UCaaS service provider RingCentral (NYSE:RNG) recently announced its fourth quarter results that continued to surpass market expectations.
>>>Gig Economy Growth Helps Upwork Soar
According to a study published last September, more than a third of the American workforce is working freelance amid the pandemic. They add $1.2 trillion to the US economy, a number that has grown 22% over the year. The increased unemployment due to the pandemic has accelerated this growth. Upwork (NASDAQ: UPWK) recently reported its fourth-quarter results that saw stellar growth as well.
>>>Cloud Stocks: Shopify and BigCommerce Building API-based Ecosystems
Ontario-based Shopify (NYSE:SHOP) recently announced its fourth-quarter results that surpassed all market expectations. Nothing seems to be stopping Shopify as it continues to invest in its platform and business.
>>>Cloud Stocks: Zendesk Adds Products, While Freshdesk Keeps Acquiring
Recently, CRM service player Zendesk (NYSE: ZEN) announced its fourth-quarter results that surpassed the market’s expectations. Rival Freshworks also released a peek into its financials that reveals stellar growth. Many believe that Freshworks may be eyeing a listing this year.
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