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2 Tech Stocks With Revenue Growth Rate Of Over 50%

The technology industry is by far the fastest growing in the world and it is showing no signs of slowing down. Last year IT spending reached $3.8 trillion and is projected to grow another 3.2% in 2019 according to Gartner.<br>Investors can profit from this space is by buying shares in companies with leading technology and significant revenue growth. We have identified a technology sector that is disrupting the software industry and two companies that are leading the pack.<br>For Stock Market News & Analysis visit Smart Money Gains.

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2 Tech Stocks With Revenue Growth Rate Of Over 50%

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  1. 2 2 Tech Tech Stocks Stocks With With Revenue Revenue Growth Of Of Over Over 50% 50% Growth Rate Rate The technology industry is by far the fastest growing in the world and it is showing no signs of slowing down. Last year IT spending reached $3.8 trillion and is projected to grow another 3.2% in 2019 according to Gartner. Investors can profit from this space is by buying shares in companies with leading technology and significant revenue growth. We have identified a technology sector that is disrupting the software industry and two companies that are leading the pack. For Stock Stock Market Market News News & & Analysis Analysis visit Smart Money Gains. The The Age Age of of The The API API Economy Economy API is a technology that bridges software applications together and enable seamless connection. This technology is comparable to electrical outlets, but except of electricity API’s transmit data. Older enterprise software systems have huge infrastructure and APIs create legolike modules for communication, payments, electronic signatures etc. Much like other software segments dominant players will become the defacto standard for different capabilities. We believe that these 2 software companies will become the dominant players for their respective functions and investing in these firms should prove profitable. These names

  2. would be great for growth investors with some risk appetite that are looking for a multi-bagger. Twilio Twilio NYSE: TWLO YOY stock growth: 205% Revenue Growth: 57.3% Twilio aims to rid businesses of telecom hardware by providing a communications infrastructure web service that allows developers to use standard web languages to integrate phone calls, text messages and voice communications into their web, mobile and traditional phones. Twilio is a leader in an extremely large market which represented $3.5 trillion of global IT budgets in 2017. The fall the company released its fully programmable cloud-based contact center platform to compete with the market leader CISCO. Read Latest Latest Stock Stock News News at Smart Money Gains. Twilio Twilio is is currently currently used Last year revenue topped $650 million and revenue projections show a growth of to $1.6 used by by the the likes likes of of Airbnb, Airbnb, Coca Coca Cola, Cola, Lyft Lyft and and Salesforce. Salesforce. billion over the next 3 years. The company has 63% of customers in the US and has yet to meaningfully expand to the rest of the world.

  3. Tech stocks are as overvalued but in the current market, it doesn’t seem to matter. Risk takers will likely profit especially this high flying stock. At this point, it is important to tread carefully and establish a stop loss as the company Price/Sales Ratio is extremely high at 24.25. OKTA OKTA NASDAQ: OKTA YOY stock growth: 117% Revenue Growth: 66.9% OKTA provides secure identity management software. The company’s API’s allow Single Sign-On, Multi-factor Authentication, API access management and Secure Server Access. Their software is used to secure and connect all employees at NASDAQ, Adobe, Western Union and 4,700 other companies. Security and identity services such as OKTA are in demand as companies seeking to protect themselves from hacks and data breaches. The The scalability scalability of improving improving their flow flow on on their their $399.25 of OKTA OKTA is is something their bottom bottom line. $399.25 million million of something that line. Okta Okta is is aiming of revenue revenue by that will aiming to by the will deliver deliver growth to achieve achieve positive the end end of of this growth while positive free this year. year. while free cash cash

  4. Much like TWLA this stock’s price to sales ratio is quite high coming in at 24.65. Therefore, OKTA is expensive but it also offers a lot of potential and unmatched customer momentum. Bottom Bottom Line Line These stocks clearly show long term promise. Yet at some point, there will be a pullback or the long-feared market correction. In conclusion, whether you choose to take the risk and buy at these high valuations or add these stocks to your watchlist these two companies will continue their rapid growth for the foreseeable future.

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