Cloud stocks look frothy, but companies are proving they can cut costs and keep growing

, two mega-cap tech companies that are also trading at or near records but have forward price-to-sales ratios of 14 and 6, respectively.

Part of the cost savings came from moving the company's Oktane conference at the end of March from a San Francisco exhibition center to the internet. Around 20,000 people registered for the virtual show, three times more than the number of people Okta had expected in person. "I don't think you're going to see Oktane go back to what it was is my guess," Kerrest said, adding that the same would probably be true for Salesforce's annual Dreamforce conference andKerrest said the company also expects to save on real estate. Okta CEO Todd McKinnon posted a video on Twitter on May 27, showing him packing up his stuff at his office and declaring that the company would be remote by default "until there's a treatment or vaccine for Covid-19.

Datadog CEO Olivier Pomel said on the company's conference call in May that less than 10% of annual recurring revenue comes from areas like hospitality, travel, airlines and entertainment.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

70% of companies storing data with cloud companies hacked or breached - Business InsiderA 'staggering' failure to adopt basic security habits led to 70% of companies storing data with Amazon, Microsoft, or other big cloud vendors getting hacked or exposing data last year, researchers say
Source: BusinessInsider - 🏆 729. / 51 Read more »

A president Trump or Biden doesn't matter to the stock market, just invest for the next 20 years: strategistKeep an on the very long-term when it comes to investing, says this veteran strategist. Bidenbluewave20 vpkamelaharris The market likes certainty and you will get more of that with Biden than Trump SAFETY FIRST‼️ NONE OF US CAN AFFORD TO TRUST TRUMP TO PROTECT OUR WELL-BEING & RIGHTS FOR 4 MORE YEARS. HIS TRACK RECORD PROVES IT‼️ ON TRUMP’s WATCH: COVID (136K DEAD, 42M NEED JOBS), 19K LIES & RUSSIA. HE CAN’T EVER BE BELIEVED/TRUSTED cc Scaramucci
Source: YahooNews - 🏆 380. / 59 Read more »