SaaS stocks riding the second wave of digitalisation
The software-as-a-service space looks set for another growth surge, with many chances for investors to profit
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WE are witnessing the dawn of a second wave of digital transformation, says Microsoft chief executive officer (CEO) Satya Nadella - and with good reason.
In the third quarter of the fiscal year ending June 30, 2021, Microsoft delivered a 19 per cent growth in revenue compared to a year ago and saw its profits soar by 44 per cent year on year. It is an impressive feat, especially for a company its size.
Evidently, the roll-out of the Covid-19 vaccine has not stopped the US$1.9 trillion tech giant.
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