Which Enterprise Software Stock is a Better Choice? By StockNews
The enterprise software market is growing rapidly with digital transformations and remote lifestyles. We think that prominent corporations in this sector, Microsoft (MSFT:) and Atlassian(NASDAQ:), will see increasing demand. What stock do you think is the best buy? Learn more. Tech giant Microsoft Corporation (NASDAQ 🙂 is well-known for its wide range of products and services such as Microsoft Teams and Office 365 Security. It also offers cloud-based services. Atlassian Corporation Plc in Sydney (Australia), which is located in Sydney, designs, develops licenses, maintains, and supports a variety of software products including JIRA, a workflow-management system.
Threats related to data security, especially on cloud-based platforms, continue to threaten the enterprise software market’s growth. The market will still grow rapidly in the next months due to increased demand from nearly every industry, as well as a continued rise of remote living. A Statista report states that the global enterprise software market will grow by 8.74% between 2021 and 2026. MSFT and Team should both benefit.
TEAM’s price has increased by 50.3% over the last three months while MSFT returned 13.4%. Also, TEAM’s 82.8% gains over the past six months are significantly higher than MSFT’s 27.8% returns. And in terms of their past nine months’ performance, TEAM is the clear winner with 134.1% gains versus MSFT’s 46.9%.
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