August 9, 2012–With the notable exception of Apple, whose stock has exploded over the course of the tedious market rebound since 2009, tech stocks have been met with a great deal of uncertainty over the last few years. It appears that one of the key components to a tech rebound can be found in cloud analytics. The Marketwatch article, “Cloud Analytics Highlight IBM Results”, suggests that companies heavily invested in the cloud have some promising returns in store for investors.
The news article states:
“IBM Corp.’s results highlighted the company’s gains in cloud computing and business analytics, two key trends in corporate IT. IBM said business analytics revenue were up 13% in the first half of the year, while its cloud revenue doubled in the same period. Sterne Agee’s Shaw Wu said the cloud and analytics results “show that their focus on growth markets is working. The IT market is clearly tough given the global macroeconomic slowdown, but [IBM] is doing the best it can to withstand it.” Shares of IBM were up 2% after-hours.”
Such impressive numbers from a company of IBM’s stature only serves to reinforce our long held opinion that cloud analytics is the wave of the future and will provide a launching pad for the long term success of smaller companies focused on innovation in big data. We recommend checking out the impressive resumes of companies such as Digital Reasoning, Netapp, and Appdirect to learn more about the exciting business potential of cloud analytics.