Cloud computing stocks are attractive simply due to the fact that cloud computing is rising in demand. Investors – are you ready to take on cloud stocks? If so, you might want to have a look at this InvestorPlace’s 5 hot cloud IPOs.
These 5 cloud vendors are on top of the list for some major reasons: On-demand services, healthy growth, and full of potential. Without further adieu, here is the list, not in a particular order:
1. WorkDay
WorkDay, co-founded by Dave Duffield and Aneel Bhusri, is a cloud-based service helping businesses to manage payroll, inventory, human resources and other core business functions. It’s a cloud version of PeopleSoft – also co-founded by the same people) – a pioneer in enterprise resource planning (ERP) in the 90’s, acquired by Oracle in 2005. WorkDay raised $85 million in November 2011.
2. Splunk
Splunk is one of the leaders in the emerging “big data” market. It is essentially a search engine that helps businesses to analyze their data logs, very helpful in looking for trends and finding security breaches. Splunk now has over 3000 customers and $66.2 million in revenue (2011,) up from 2009 figure of $18.2 million.
Palo Alto Networks creates a dynamic firewall for clients that is flexible in dealing with newly introduced technologies. Today, Palo Alto has more than 4,500 customers and has generated a revenue of $200 million in 2011 fiscal year.
4. ServiceNow
ServiceNow, founded in the cloud in 2004, develops and delivers a suite of cloud-based services for enterprise IT management. It is the pioneer in IT Management software as a service (SaaS.)
5. Atlassian
Atlassian offers cloud-based software development tools allowing businesses to develop software, including to collaborate and to track for project progress. They now have more than 26,000 customers worldwide.
So – there you go. How about you? What’s your potential gold mine?
