Published on 24 Apr 2024 on Zacks via Yahoo Finance
Watch These 6 Internet Stocks for Q1 Earnings: Beat or Miss?
Internet companies are likely to have witnessed robust financial performance as they continue to benefit from the increased demand for solutions that support enterprises’ digital transformation initiatives. These companies are also gaining from the solid demand for digital offerings, as well as the increasing importance of video content and cloud-based applications.
For internet software solution providers, growth prospects are alluring, primarily owing to the rapid adoption of software-as-a-service (SaaS), which offers a flexible and cost-effective delivery method of applications. It also cuts down on the deployment time compared to legacy systems. Moreover, SaaS attempts to deliver applications to any user, anywhere, anytime and on any device.