Cloud Stocks: Workday and Anaplan Executing Well Amid Pandemic

Enterprise services provider Workday (NASDAQ: WDAY) and planning software provider Anaplan (NYSE:PLAN)  recently reported strong results for the third quarter that beat analyst estimates. Both Workday and Anaplan compete in the Enterprise Performance Management (EPM) market, which is expected to grow at a CAGR of 8.5% to $4.4 billion by 2024 from $3.9 billion in 2019.

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Cloud Stocks: Nutanix Builds a Kubernetes PaaS

Earlier this week, enterprise cloud computing player Nutanix (Nasdaq: NTNX) reported its first quarter results that surpassed market expectations. Better than expected financial performance for the quarter sent the stock soaring 10% in the after-hours session. Nutanix continues to invest in its cloud-focused strategy, assuring investors of continuing growth.

GoDaddy’s Security Falls Short

Internet domain provider GoDaddy (NYSE: GDDY) delivered another strong quarter recently. But last week, the company was in the news primarily because of the several cyber security attacks it faced on its cryptocurrency services.

Intuit’s SMB Investment Pays Off

Tax software provider Intuit (NASDAQ: INTU) recently announced its first quarter earnings that surpassed market expectations. Despite the COVID crisis, Intuit has invested in small businesses, and the investment is paying off.

Cloud Stocks: Five9 Focuses on AI-based Contact Centers

According to a Market Data Forecast report published earlier this year, the global cloud-based contact center market is estimated to grow at 26% CAGR to reach $31.25 billion by 2025. Five9 (Nasdaq: FIVN), a leading provider of cloud software for contact centers, recently announced its quarterly results that surpassed market expectations.

Cloud Stocks: Partnerships Ringing in Growth for RingCentral

According to a Grand View Research market report, the global unified Communication as a Service market valued at $31.52 billion in 2019 is expected to grow at 23.5% from 2020 to 2027. Leading player RingCentral (NYSE:RNG) is benefitting from the current COVID-induced work from home conditions and reaping the benefits of strategic partnerships that it had entered into earlier.

Cloud Stocks: How can Alteryx Improve its PaaS Strategy?

The current pandemic conditions are driving accelerated digital transformation across organizations. IDC expects more than $1 trillion to be invested in data-related transformation initiatives. Data science and analytics platform provider Alteryx’s (NYSE: AYX) easy-to-use platform is helping accelerate digital transformation journeys for the organizations.

SAP to Focus on Integration of Acquisitions

Tech giant SAP (NYSE: SAP) announced its third quarter results last month that failed to impress the market. Its weak outlook, driven by the impact of COVID-19, sent its stock falling 21% in a single day – a record decline in the past 25 years.

BigCommerce Sees Strong Growth from Partner Ecosystem

Ecommerce platform BigCommerce recently reported results of a strong third quarter driven by 82% growth in its partner and services revenue (PSR). It went public in August this year on the NASDAQ under the ticker BIGC.

Cloud Stocks: Twilio Should Provide Developer Marketplace Revenue Metrics

Communications PaaS player Twilio (NYSE: TWLO) continues to see stellar results amid the current pandemic. The company continues to invest wisely in product development and even acquisitions.