The 5 Pillars of Digital Transformation for Software Companies
How we expect spending at Zoom, Microsoft, Slack, and more to evolve in a post-COVID-19 world.
Stock Strategist Industry Reports
Mentioned: DocuSign Inc (DOCU)
, Zoom Video Communications Inc (ZM)
, Amazon.com Inc (AMZN)
, Salesforce.com Inc (CRM)
, Alphabet Inc (GOOGL)
, Microsoft Corp (MSFT)
The coronavirus brought about an explosion of remote-work software adoption, as companies acquired the necessary tools to continue normal operations. Collaboration and workflow solutions like Zoom (ZM), Microsoft Teams (MSFT), Slack (now owned by Salesforce.com (CRM)), and DocuSign (DOCU) thrived financially amid this booming demand.
We posit that the next several years are likely to see growth of the expanded set of technology tools that enable remote work, as hybrid work environments increasingly become the norm. Within our coverage, we think that the strong will get stronger and that the biggest beneficiaries thus far will remain the biggest winners over the next couple of years.
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Dan Romanoff does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.