According to a recent market report, the Business spend software market is expected to grow at a CAGR of 10.85% to reach $17.79 billion by 2027. Coupa (Nasdaq: COUP), a leading player in the market, recently reported its quarterly results that continue to surpass market expectations.
Enterprise cloud security company Zscaler (NASDAQ: ZS) recently announced its quarterly results that were labelled as “jaw dropper” results. The company has had a strong run this year with the stock more than doubling within the last twelve months.
Salesforce (NYSE: CRM) recently announced its second quarter results that continued to surpass market expectations. The company recently announced the acquisition of a Germany-based player to enter into the RPA market.
According to a recent Markets and Markets report, the global Enterprise Collaboration Market is expected to grow from $47.2 billion in 2021 to $85.8 billion by 2026 at a CAGR of over 12%. The continuing remote work conditions are helping companies such as Smartsheet (Nasdaq: SMAR) that offer solutions geared to help drive collaboration within
Recently, eSignature player DocuSign (Nasdaq: DOCU) announced its second quarter results that surpassed market expectations. Analysts have been concerned that as businesses begin to open up, companies like DocuSign will see their growth slow down. But DocuSign’s results appear to be proving otherwise.
Bill.com (NYSE:BILL), a cloud-based provider of financial services for SMBs, continues to expand its presence through acquisitions. After completing the acquisition of Divvy earlier this year, the company recently announced another acquisition.
According to a recent report, the global database-as-a-service market grew to $12.8 billion in 2020. The market is expected to grow 20% through 2026. MongoDB (Nasdaq: MDB), a leading player in the market, recently reported its second-quarter results that continued to surpass market expectations. Its stock surged 25% to a 52-week high following the results.
Big data player Splunk (NASDAQ: SPLK) recently announced its quarterly results that surpassed market expectations. But the company’s growth metrics continue to decelerate. It is trying to drive growth through its cloud platform upgrades.