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Even though cloud-based service providers are vulnerable to cyber-attacks, governments and businesses have been spending billions of dollars on cloud-based services to facilitate the ongoing digital transformation and continued remote working. According to a Synergy Research Group report, cloud infrastructure spending reached $42 billion in the second quarter of 2021. Furthermore, the future looks promising for the cloud data analytics industry due to consistent advancements in the artificial intelligence (AI) and machine learning (ML) space and rapid deployment of 5G, among other factors. As a result, both TDC and DOMO are expected to benefit in the coming quarters.
DOMO’s shares have gained 36.4% in price over the last three months, while TDC has returned 11.6%. However, TDC’s 8.1% gains over the past month are higher than DOMO’s 2% returns. Moreover, TDC is the clear winner with 141.4% in price gains year-to-date versus DOMO’s 40.4%.
