Invest
SaaS Stocks Prove to Be Winners as Business World Moves to the Cloud
By The Smart Investor  •  February 16, 2021
Singapore approved the Moderna (NASDAQ: MRNA) vaccine last week, marking another key milestone for the biotechnology company. But Moderna was not the only company that deserves some credit. The biotech firm had a huge helping hand from Veeva Systems (NASDAQ: VEEV), a software-as-a-service (SaaS) provider. As the pandemic spread around the world, consumers turned to online video solutions such as Zoom (NASDAQ: ZM) to communicate. Moderna, on the other hand, had to turn to business-based, online solutions by Veeva to conduct a clinical study involving over 30,000 participants in collaboration with multiple regulatory and government agencies. Either way, cloud-based solutions are becoming more important in our daily lives, be it for personal or business use.

The original SaaS trailblazer

Before cloud computing arrived, traditional enterprise software was hard to deploy and costly to maintain. Applications had to be installed by location. To do that, companies had to invest heavily in IT...
Read the full article
By The Smart Investor
The Smart Investor is co-founded by David Kuo, Joanna Sng, and Chin Hui Leong. The company was formed in late 2019 from the ashes of the Motley Fool Singapore. The Smart Investor believes that everybody can learn how to invest, smartly. We aim to educate people on how to invest smartly by providing investing education, stock commentary and market coverage for Singapore and around the world.
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance