The 8 cloud companies that crushed it in Q1

You didn’t have to be Warren Buffett to predict that cloud service providers—which are essential to remote working—would do well during the pandemic, even as sectors like airlines and hospitality took a beating. But that doesn’t mean every cloud company performed the same.

In an incisive essay, Jamin Ball of Redfin Ventures examined how 54 publicly traded cloud companies, which reported earnings between late April and early June, performed over the first quarter.

All but three of the 54 firms beat analyst expectations, and many of them did so by a wide margin. Once again, this is hardly surprising given

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