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.