From Nasdaq: 2024-04-02 08:56:00

The Zacks Internet Software industry is seeing increased demand for SaaS solutions due to remote work and learning needs. Meta Platforms, Veeva Systems, and BILL Holdings are benefitting from this trend, although geopolitical risks and high inflation remain challenges. The industry is focused on offering cybersecurity and hybrid operating solutions.

The Zacks Internet Software industry consists of companies providing application performance monitoring, infrastructure software, and online payment solutions. SaaS adoption continues to rise, providing flexible and cost-effective applications delivery. The pay-as-you-go model allows for scalable offerings, driving recurring revenue for companies. The transition to cloud platforms is creating opportunities for cybersecurity tools and performance monitoring.

The Zacks Internet Software industry has outperformed the broader tech sector and S&P 500, with a positive earnings outlook for companies in the sector. Meta Platforms is leveraging AI for content recommendations, Veeva Systems has strong customer adoption, and BILL Holdings is focusing on AI integration for customer experience. These stocks have shown strong price performance and growth potential.



Read more at Nasdaq: 3 Internet Software Stocks to Buy From a Prospering Industry