The last two years have seen a surge in demand for digitalisation and cloud adoption.
More companies are now realising the importance of cloud computing and the benefits it brings.
Employees are also increasingly embracing hybrid work practices that allow them to achieve a work-life balance.
These shifts have resulted in many software-as-a-service (SaaS) companies doing well and growing their businesses at a rapid clip.
If you’re a growth investor and are looking for promising SaaS companies, here are four you can consider adding to your investment watchlist.
Zoom Video (NASDAQ: ZM)
Zoom Video is a video conferencing software company that operates a cloud service providing clients with a host of communication needs.
The company saw increased adoption of its solutions in the last two years and reported a stellar set of earnings for its fiscal 2022 (FY2022) ended 31 January 2022.
Revenue surged by 55% year on year to US$5.1 billion while net profit more than doubled from US$671.5 million to US$1.38 billion....