Cloud Computing Brings Big Changes to Software Companies

Elyse Andrews, Cabot Headline News
May 05, 2010
 

Cloud computing is transforming the delivery of technology, and large software companies including IBM (IBM), Microsoft (MSFT), SAP (SAP) and Oracle (ORCL) are moving quickly to catch up with the startups that have led the industry. Investor’s Business Daily reported.

Over the last decade, companies such as Salesforce.com (CRM) led the charge into software as a service, which lets users access software and computer resources over the Web (in the cloud) rather than installing and managing their own systems.

Cloud computing is a competitive field that offers room for growth. IBD reported that a survey recently found that more than 95% of companies plan to maintain or increase their use of software as a service.

IBM, MSFT, SAP and ORCL are Cabot Benjamin Graham Value Letter stocks, and CRM is a Cabot Top Ten Report stock.
 

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