Have you ever heard of the saying "The early bird catches the worm"? Well, in the world of investing, it's definitely true. The earlier you invest in a prospering industry, the better chances you have of reaping the benefits.
Technology is constantly evolving, and with that comes a thriving industry of internet software. As more and more businesses turn to online platforms, investing in internet software stocks can be a smart move. Here are three internet software stocks that are worth considering:
Microsoft has been dominating the tech industry since the 90s, and they're not slowing down anytime soon. Their cloud-based computing service, Azure, has been rapidly growing and is expected to continue to do so. In fact, Azure's revenue rose by 50% in the past quarter alone. Microsoft also recently acquired LinkedIn, which has been a significant boost to their portfolio.
With a market cap of over $1 trillion and a consistent track record of growth, Microsoft is a safe bet for investors. In addition, they offer a dividend yield of 1.36%, making them an attractive option for long-term investors.
In the age of remote work and social distancing, digital signatures have become essential. That's where DocuSign comes in. DocuSign is the leading provider of e-signature services, making it easier for businesses to sign and manage documents online.
With a market cap of $44.9 billion and a revenue growth rate of 39%, DocuSign has been on a steady climb. Their customer base has also been growing, with a 52% increase in the number of customers with more than $300,000 in annual contracts.
As businesses continue to adapt to remote work, DocuSign is well-positioned to continue to grow. Investing in DocuSign now could have significant returns in the future.
Shopify has been making waves in the e-commerce industry, providing an easy-to-use platform for businesses to set up online stores. Their revenue has been skyrocketing, with a 110% increase in Q2 of 2020.
Shopify's popularity has been growing, with over 1 million businesses using their platform. In addition, they have been expanding their services, including a point-of-sale system and an integration with Facebook and Instagram shops.
With a market cap of over $100 billion, Shopify is a great option for investors looking to buy into a prospering industry. As e-commerce continues to become more prevalent, Shopify is expected to continue to grow.
Investing in internet software stocks can be a smart move in a prospering industry. Microsoft, DocuSign, and Shopify are three options that have been consistently growing and are well-positioned for future success. Here are three key takeaways:
Curated by Team Akash.Mittal.Blog
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