Brent Bracelin, Piper Sandler Equity Research Analyst, Cloud Software and Analytics, joins Yahoo Finance to discuss the outlook for cloud companies in 2022.
Microsoft had an incredible 2021. Whether it was crossing $2 trillion in market valuation, its 45% stock price increase, or its 20% revenue growth. It's clear why Microsoft is our Company of the Year 2021.
Shares of Facebook parent Meta Platforms (NASDAQ: FB) rose 3.6% on Monday, after media investment company GroupM released an intriguing growth forecast for the digital advertising market. Global ad spend excluding political ads will surge 22.5% in 2021 to a staggering $766 billion, according to Brian Wieser, GroupM's global president of business intelligence. Looking further ahead, Wieser sees the industry growing 9.7% in 2022.