Elastic Investing in Product Upgrades for Enterprises

The global Enterprise Search market is estimated to grow 13% annually to $9 billion by the year 2026 from $3.72 billion in 2019. The continued adoption of cloud computing and Software as a Service (SaaS) are driving the adoption of hosted enterprise search solutions across organizations. Elastic (NYSE: ESTC) is a leading player in the open source Big Data search sector.

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Avalara Enhancing its Products with AI and ML

According to a Markets and Markets report, the global tax management market is expected to grow at 12% CAGR to reach $27 billion by 2024 from $15.5 billion in 2019. Seattle, Washington-based Avalara (NYSE: AVLR) is a leading player in tax management market.

Dynatrace Ties up With Tech Giants

Gartner estimates the global IT operations software market to grow at 7% CAGR to reach 37.5 billion by 2023 from $29 billion in 2019. Within the industry, Gartner expects enterprises to quadruple their Application Performance Management (APM) use over the period 2018 to 2021. It expects APM to reach 20% of all business applications by 2021. Dynatrace (NYSE: DT) is a leading player in the market that recently reported stellar quarterly results.

Alteryx Delivers Excellent Revenue Growth

According to a recent report, the global market for Big Data and Business Analytics is expected to grow 15% annually to $512.04 billion by 2026 from $171.39 billion in 2018. Alteryx (NYSE: AYX) is a leading player in the market that recently reported stellar quarterly results.

Cloud Stocks: Q2 Holdings Expands TAM with Acquisitions

The markets are down right now, and it might be a good time to scan for some worthy investments among cloud stocks. FinTech company Q2 Holdings (NYSE: QTWO) qualifies for this list with an average revenue growth rate of 26% for the past five years since it went public. Prior to the crash, it had delivered share price growth of 27% per year.  

Cloud Stocks: Paylocity Delivers Solid Results

According to a Research and Markets report, the global Human Capital Management (HCM) market is estimated to grow 10% annually over the next few years to $26.5 billion industry by 2024 from $16.7 billion in 2019. The growth in the industry is expected to be driven by the continued adoption of cloud-based solutions such as those offered by Paylocity (Nasdaq: PCTY).

Cloud Stocks: Smartsheet Looking up to Enterprise Customers for Growth

Earlier this week, Seattle-based Smartsheet (Nasdaq: SMAR) announced its fourth quarter results that surpassed market expectations. Despite the recent turmoil in the stock market, the results helped the stock climb 1% in the after-hours trading session.

Cloud Stocks: DocuSign Resilient to COVID-19

According to a Fortune Business Insights report, the global digital signature market is estimated to grow to $6.1 billion by the end of 2026 from $879.6 million in 2018. DocuSign (Nasdaq: DOCU), a leading player in the market, recently announced its quarterly results that beat estimates.

Cloud Stocks: Xero Focuses on a PaaS Strategy

According to a Market Study report published last year, the global cloud-based accounting software market is estimated to grow at 9% CAGR to reach $4.32 billion by 2024 from $2.63 billion in 2019. New Zealand-based Xero (ASX:XRO) is tapping into this market by focusing on a PaaS strategy.

Cloud Stocks: Oracle Sees Growth Momentum

Oracle (NYSE: ORCL) recently reported its third quarter results that beat analyst estimates and displayed its strongest revenue growth in nearly two years. Even amid the coronavirus impact, its stock surged post the results.