Big tech heads into earnings with investors questioning: how resilient are cloud sales during a recession?

Amazon, Alphabet and Microsoft are all reporting earnings this week. Their primary businesses are expected to take a hit (i.e., e-commerce, advertising and hardware), but they all have one division in common driving growth: their cloud units. Cloud computing is seen to be more resilient during recessions: Cloud spending — crucial to a tech company’s…

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Salesforce rises on strong earnings; CEO sees little inflation impact

Salesforce — the cloud software provider — had a strong first-quarter earnings report that sent its stock up 10% yesterday. What’s the big deal? Despite a challenging economic environment, Salesforce managed to beat both sales and adjusted earnings expectations — growing sales 24% to $7.41B in the first quarter. In the earnings call, CEO Marc…

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Zoom is banking on hybrid work

For many employers, hybrid work — a mix of in-office and at-home work — is becoming the norm. According to a survey by The Conference Board, only 4% of human resources leaders require employees to return to the office full-time. The future of work is hybrid — and Zoom wants to provide the tools of…

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Big Blue IBM making a comeback

It took IBM 100 years to break $100B in annual sales — and 10 years to lose 30% of it. IBM is reinventing itself, and things are looking positive. A strong earnings report sent its stock up 7%. What’s the big deal? IBM is In the middle of transitioning — from its old technology services…

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Tech bargain hunting: Salesforce

Salesforce (NYSE:CRM), the software giant, is down nearly 30% from its peak and for those looking for a bargain amid the tech wreckage, this one has a lot to like. Growing mildly fast and steady Founded by tech trailblazer Marc Benioff, Salesforce provides cloud software that help businesses manage their marketing, IT, sales, among other…

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Mid-season earnings report: Cloud stocks passes the test

Earnings season rages on — with two cloud stocks set to report earnings after the market close today — Cloudflare and Hubspot. What’s the big deal? Both stocks are high-quality names — beaten down from the correction in recent months. Cloudflare (NASDAQ:NET) provides cloud web security services — replacing traditional routers, firewalls, VPNS, etc. HubSpot…

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Backblaze — the humble 2021 IPO with big returns

Humbly known Backblaze (NASDAQ:BLZE) — providing companies with infrastructure to help store and retrieve cloud files — went public last week — soaring 58% since. What’s the big deal? In a year of blockbuster IPOs and mega valuations — with 21 tech companies valued at over $10B upon going public — Backblaze chose a different…

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HubSpot’s growth strategy — force feeding content

One tech giant is succeeding with strong products, great execution and driving content to customers. Hubspot is a cloud-based customer relationship management (CRM) software — i.e. providing business tools for marketing, sales and other areas. Customer relationships matter The company first started as an app for marketing tools. By expanding into sales, operations and customer…

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The rise of open source software and the stocks powering the industry

Investors, get ready for the revolution — and the multi-billion dollar companies it’s creating.  The open source software revolution was once just a dream, but Red Hat blazed the trail for the industry when it was acquired by IBM for $34b in 2019. The rise of open source software Developers are revolting against large software…

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