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.

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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.

Cloud Stocks: Appian Strengthens AI Offerings

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.

Asana Builds Tools for Pandemic Driven Remote Working Conditions

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 results that beat estimates.

Cloud Stocks: Tuya Focuses on Smart Product Distribution

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 integrations.

Cloud Stocks: Analysis of IBM’s Waeg Acquisition

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%.

Cloud Stocks: Dynatrace Counts on AI to Continue its Market Leadership

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.