The commercial opportunity of ‘the cloud’ – storing and accessing data and computer programs over the internet – is huge. Indeed, according to research house Gartner, the cloud market could reach $317bn (£249bn) by 2022 – representing a compound annual growth rate of nearly 17 per cent.
IC TIP:
Buy
at
325p
Tip style
Speculative
Risk rating
High
Timescale
Long Term
Bull points
Significant market opportunity
Good organic revenue momentum complemented by acquisitions
Strong sales pipeline
Could attract takeover offers
Bear points
Shares have suffered alongside rivals
Small-scale; could face ‘big tech’ competition