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.
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.
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.
According to a recent report, the global business process management market is expected to grow from $8.8 billion in 2020 to $14.4 billion by 2025 at 10.5% CAGR. Reston, Virginia-based Appian (NASDAQ: APPN) is among the leading players in the industry.
According to a recent market report, the global the global Enterprise Collaboration Market is estimated to grow from $47.2 billion in 2021 to $85.8 billion by 2026, translating to an annualized growth rate of over 12%. The current remote working conditions have accelerated the need for cloud-based collaborative services. Work management platform Asana recently reported
According to a recent report, the global Internet of Things (IoT) market is projected to reach $1.46 trillion by 2027, growing at 25% CAGR from $250.7 billion in 2019, driven by the adoption of AI technologies across industries. China’s Tuya (NYSE: TUYA) went public earlier this year and is expanding its market reach through partner
Big Blue (NYSE: IBM) recently reported its second-quarter results that delivered a surprise stellar performance. The company delivered the strongest revenue growth in three years and outpaced market expectations on both earnings and revenues. The results helped drive its stock upwards by 4%.
According to a recent report, the global Application Performance Management (APM) market is estimated to grow at 11% CAGR to reach $12 billion by 2026 from $6.3 billion in 2020. Dynatrace (NYSE: DT) recently reported another stellar quarterly performance, driven by the growth in the industry.