Over the past few years the role of cloud companies has become extremely important. This is because dozens of companies, big and small have starting using the services of cloud companies when it comes to storing of huge amounts of data and retrieving the same as and when required.
Before getting to know more about the various high performing cloud computing companies in 2016, it would be better to have some brief idea about cloud computing from the layman’s point of view. Put in plain and simple words when we talk about cloud companies we are referring to those service providers who help customers to store data and also use software which could be residing outside their computing system.
Easy accessibility from any part of the world, at any point of time is perhaps the biggest advantage as far as cloud computing is concerned. It certainly helps lower the IT infrastructure cost apart from improving the efficiency and productivity of various organizations which avail this facility. Hence there has been a big growth in the number of new entrants into the cloud computing business while existing ones have consolidated their presence.
Here is a look at some top companies which have done well in the field of cloud computing services, cloud technologies, and everything else in between.
Amazon.com
Amazon is known as being one of the biggest online retailers. However, if one looks at their growth as reported in reputed online outlets like CMC Markets it would be obvious that they are also making their presence felt strongly in the cloud computation business. They are offering their services under the nomenclature Amazon Web Services (AWS).
The revenues of AWS have grown tremendously and have touched $5 billion mark in 2015 and 2016 looks even more promising. This has resulted in smart rallying of AWS stock prices and the long term outlook is also extremely promising.
The earnings for the year 2016 should show a growth of around 35% which is far higher than the market average of 18%.
Salesforce.com Inc
This is a corporation which is headquartered in San Francisco and it has become a reputed player in the field of Customer Relationship Management or CRM. They play a big role when it comes to providing end to end solutions in sales for automation, managing of critical operations, customer support and service just to name a few.
The earnings have grown in 2015 by 26% and the current year estimates also look quite encouraging.
Facebook Inc.
Facebook started operations in July 2004 and it has been a powerful driver of growth in the field of cloud computation and storage of data and information. Whether it is fostering and developing social networks, posting of pictures, exchange of messages, listening to music, interact with likeminded people Facebook is the place to be in.
The company has been able to post quite impressive results. It has shown a revenue growth of 27% which is far ahead of the market average. It certainly is a stock worth buying.
Microsoft Corporation
Microsoft is better known as a broad spectrum technology service provider. Though software is the biggest driver of growth over the past many decades, online services and consultation, certification and training also are areas where it has growth quite satisfactorily. Its earnings are quite vibrant and the growth story continues to be robust. All this is reflected in the stock growth rate which has been quite impressive and is expected to remain so for the next few years too.
They are strengthening their online presence quite strongly and the results will be evident in the next few months.
Rackspace Hosting Inc
Rackspace is the leader in the world as far as web hosting is concerned. They have entered into agreement with AWS – Amazon Web Services which will certainly go a long way in improving their earnings in the year 2016.
The 2015 growth of around 20% is also quite impressive when compared to the market average. Hence there are reasons to believe that the share growth will also get reflected shortly and the process already has started. Hence when all the above factors are taken into account, Rackspace Hosting Inc is a name to watch out in the area of cloud computation and cloud storage.
These are just a few and there are quite a few other companies and incorporations which also will come into the limelight as far as providing of cloud based services are concerned.
