Cloud Computing Stocks in the Fiscal Year 2014

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Cloud computing has grown as a technology over the years and has become extremely popular. Companies that offer cloud computing services and facilities are raking in a lot of business but few companies that offer the service have also seen a drop at the stock market. The companies that have performed the best in cloud computing stocks at the stock market this January are Riverbed Technology (NASDAQ:RVBD), Qualys (NASDAQ: QYLS), VMWare (NYSE:VMW), Juniper Networks (NYSE:JNPR) and Workday (NYSE:WDAY).

Growth & Improvement noticed in Qualys & Workday

On January 2, last year, the 10K USD investment made in Qualys shares is worth $11,234.00 till market closed on Friday, and the 10K USD investment made in Workday shares is worth $10,969.00. These figures, when compared with the value of shares of Microsoft, IBM, SAP and Oracle are much higher, during the same period of time.

Considerable Growth in Veeva Systems

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Another company, Veeva Systems (NYSE:VEEV) offers services in the cloud computing sector like Customer Relationship Management that is cloud-based, and master data management and content management that is also cloud-based. These services are delivered on the Salesforce policy. According to reports, Veeva Systems has about 170 customers in around 75 countries. In the Financial Year 2014, for the third quarter, Veeva is said to have $54.8 million in revenue which has risen from $35.8 million from last year, acquiring a walloping growth of 95 percent in just one year. For the third quarter in the Financial Year of 2014, the non-GAAP Net Income and Net Income was around $6.5 million, up by 13 percent from the $5.7 million of last year and the non-GAAP Net Income was around $8.3 million which was 40 percent more than the $6 million collected last year.

The Bottom Line

Therefore, the year 2014 has seen a lot of ups and downs in the stocks of cloud computing stocks. The shares of a few companies have increased and the shares of a few have decreased. However, the stock market is still hoping for a recovery in the following days till the end of the Fiscal Year 2014.