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The rising adoption of cloud-based software solutions by enterprises to facilitate remote working and enable flexibility in their operations has been driving the Software-as-a-Service (SaaS) industry’s growth. Due to the resurgence of COVID-19 cases, widespread delays in office reopening plans should keep SaaS in demand for the foreseeable future. Indeed, the global SaaS market is expected to grow at a 12.5% CAGR to $436.9 billion by 2025. So, both TWLO and MIXT should benefit.
In terms of their past nine months’ price performance, MIXT is a clear winner with 3.2% gains versus TWLO’s negative returns. But which of these stocks is a better pick now? Let’s find out.
