Study the comparison between Adobe and Salesforce to choose the best cloud computing stock
Investors are aware that cloud computing is the future of business technology. In many cases, they add stocks to their portfolios, such as NVIDIA, Microsoft, Amazon, and Alibaba, because they are the leading companies in the cloud computing infrastructure. However, investing in the cloud means more than just focusing on cloud-based companies. In this article, we will compare two cloud computing actions - Adobe and Salesforce.
The Adobe software company began in an IT era that preceded both the cloud and the Internet. But it has become a leader in cloud services by adapting its large and expanding platform to the cloud era. Adobe’s core competencies in providing creative software and document editing have made it a core element of digital transformation. Its current cloud computing stock is $ 416.4, down 2.74% from the previous close.
When it comes to cloud computing, Salesforce needs to be part of the conversation. Salesforce, Inc. Provides customer relationship management technology that brings together companies and customers around the world. Salesforce’s recent takeover of the Slack Remote Work and Collaboration tool is likely to put it on a collision course with the Microsoft Teams collaboration suite. Thanks to its success in becoming a complete technology platform for businesses of all types and sizes, Salesforce is also a great way to play smaller beginners in the cloud. Its current cloud computing stock is $ 160.24, down 2.94% from the previous close.
Adobe expects the total addressable markets for creative, document, and experience clouds to expand significantly by 2023. However, it has not set exact revenue growth targets for the next few years. Salesforce also expects all of its end-to-end markets to expand as companies manage more online customer relationships, migrate more data to the cloud, automate tasks, and make more data-driven decisions. In December last year, Salesforce predicted that it would double its annual revenue to more than $ 50 billion by fiscal year 2026. In this regard, Adobe and Salesforce are both great stocks of cloud software.
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