According to a Valuates report, the global payments market is expected to grow 8% annually over the next few years to $2 trillion by 2025. The market is dotted by several financial services institutions as well as dedicated payments processing firms such as Adyen, PayPal, and others. London-based Checkout.com is a smaller player that is making big waves in the market.
>>>Intuit last week reported a strong first quarter that beat analyst estimates driven by 41% growth of QuickBooks Online (QBO) in its Small Business and Self-Employed Group segment.
>>>According to a Grand View Research report, the global Big Data as a Service (BDaaS) market is estimated to grow to $51.9 billion by 2025 at a CAGR of 38.7%. Big Data player Splunk (NASDAQ: SPLK) recently announced its third quarter results that continued to surpass market expectations.
>>>Virtual reality wunderkind Palmer Luckey has had a checkered past. He was responsible for setting up Oculus and selling it to Facebook. But soon after, he was involved in the controversy involving trade secret violations surrounding the development of Oculus. That was soon followed by news of his political donations for anti-Hilary campaigns. While there is no confirmation, there is strong belief that his political beliefs were the cause for his exit from Facebook.
>>>The global internet domain name provider GoDaddy (NYSE: GDDY) recently reported its third quarter results that surpassed market expectations. The market was pleased with its performance, and the stock climbed 10% in the after-hours trading session.
>>>Blackbaud (Nasdaq: BLKB), the leading cloud software company focused on the non-profit sector, recently announced its third quarter results that surpassed all market expectations. The company remains committed to growing its cloud offerings for the sector through product innovation, and this quarter was no different.
>>>Cloud-based communication services provider RingCentral (NYSE:RNG) has had a stellar year so far. Its stock has nearly doubled since the start of the year and the continuing partnerships don’t seem to be stopping it.
>>>Early this month, Rapid7 (NASDAQ:RPD), a leading provider of security analytics and automation, reported a strong quarter that beat market estimates yet again for the four times in a row.
>>>According to an IBIS World report, the online event ticket sales in the US market are expected to grow 6% to $10.3 billion this year. San Francisco-based, Eventbrite (NYSE:EB) recently reported its third quarter performance that delivered mixed results.
>>>Ontario-based Shopify (NYSE:SHOP) has had a stellar run so far. For the year, the company’s stock has almost doubled. But the recent earnings results were a bit of a disappointment. While revenues continue to outpace market expectations, higher than anticipated spend for international expansion steered the company into a loss. Its stock fell 4% in the after-hours trading session post the result announcement.
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