The effect of coronavirus has been dire throughout the global economy. Around 16.8 million Americans have filed for unemployment benefits which is a record pace of job loss. The S&P 500 or stock and price index of the leading 500 companies in the world has seen a 20% decline in the first quarter of 2020 as of yet. Several sectors like travel, retail and transportation are some of the biggest hit sectors. The stalled economic activity might lead the world into recession but here are some of the companies which remain unscathed from the impact of a virus outbreak, rather than they are seeing impending growth.
Widespread lockdown orders around the globe, in such self-isolating times Netflix has emerged as the knight in shining armour. The financial figures of Netflix are looking great as never before and thriving in lockdown streaming war.
Netflix’s world views comprise 43% of the world’s internet users. With the growth of 15 million in annual revenue in just 10 years, Netflix is here for a very long run.
With competitors like Disney+, Apple launching streaming services, stole a bit of its market share, NBC and Warner Media to be last in the run. Although, according to Statista, 60 % of Netflix subscriber was unmoved by the prospect of Disney services.
Besides, Netflix has seen an overall growth of 20% with 161.7 million subscribers worldwide, 100 million alone in the US, a growth of 8.76 % in the first quarter of 2020.
With the world shifting to remote working during the outbreak of coronavirus pandemic, companies selling remote working technology are emerging as one of the strongest players.
For all of those who don’t know, Citrix is an American corporation that produces software and hardware that allows users to remotely access a virtual computer desktop hosted in a data centre. It is a digital workplace which gives people access to all the apps they use on work – web, virtual, mobile, and SaaS from one easy-to-use portal on any of their devices, from wherever they need to work. Now that the whole workplace is centralized, the IT can see everything going on your computer and manage it simply.
With the rise in Remote work, Citrix is becoming one of the thriving business in the field of remote working. Its stock is up at 26% this year (2020). According to a report by Nasdaq, for the first quarter of 2020, Citrix has anticipated revenues between $ 730 million and $740 million, with a 21% growth rate, compared to in 2019.
Currently, 19,259 companies are using Citrix software which is an addition from last year especially because of many companies shifting to remote work in days of the crisis. 9194 companies alone in The US and 412 companies in India are enjoying digital workplace services provided by Citrix.
Regeneron Pharmaceuticals is an American based biotechnology company which produces drugs that boost the immune system of the body to help combat MERS, Ebola in the past. The company currently is forming a drug which could help fight against coronavirus.
This has increased Regeneron’s stock by a handsome 37% as compared to 2019.
Regeneron company in a recent announcement confirmed that the drug would be out by the summers of 2020. With the backup of American physician and investor Scott Gottlieb, the company has successfully gained trust by its audience.
Regeneron apart from this is also credited to have created a drug which was used to fight against Ebola crisis.
Given the crisis, amazon has been constantly adding staff to fulfil the increased order volume as departmental stores are closed in regions of complete lockdown.
Besides, Amazon is currently on its rise for its cloud computing services. Around 90% of the companies are on the cloud as per the report by VMware. Amazon Web Services is the leading cloud vendor with a 32% market share providing 212 services to its clients.
According to ZDNet, Amazon service cloud is said to grow 41 per cent in the fourth quarter to bring in $4.78 billion in net sales. For the first quarter of fiscal 2020, Amazon said it expects operating income between $3 billion and $4.2 billion. It expects net sales between $69 billion and $73 billion.
Year by year AWS accounted for most of Amazon’s operating income, with its retail service going down-road given pandemic.
The post is not to highlight the silver linings during the outbreak of a deadly virus. These are some of the expected analysis of the companies evolving in time when the world is expected to face a global recession. The market is about to see a more significant and negative effect on the economy but till then let’s applaud the companies who have been leading routes and expanding their graph of growth.