Cloud Computing, Cloudscape, Security, Service, Solution gettyDespite historic levels of growth last year, many leading cloud stocks reported strong growth in the recent Q1 earnings reports. As the market will find out (the hard way), cloud software is actually very safe. Lastly, cloud software is at the beginning of a rapid growth cycle compared to its counterparts in tech.”In 2020, IT spending was reduced yet cloud software grew at historic levels. This is because cloud software and also infrastructure migrations help to lower costs, and meanwhile increases productivity. The narrative around cloud stocks going into 2021 was that valuations were unrealistically stretched because of the unusual growth in 2020.

Source: Forbes July 09, 2021 05:03 UTC