Cloud growth is slowing among big tech giants

What do Microsoft, Amazon and Google have in common? Their massive cloud businesses are carrying other parts of their businesses. Cloud computing is crucial for most companies. You can’t just turn it off. Don’t pay your cloud expenses; down goes your site or app. Imagine Coca-Cola refusing to pay its sugar suppliers. These cloud businesses…

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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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