Evaluating the Performance of SaaS Companies During COVID

ServiceNow is one of the top performing companies surpassing Amazon and Microsoft. Salesforce was hit by the effects of the pandemic with the stock price reaching an extreme low of $124.30 as on 16 Mar 2020. RingCentral and Twilio have seen a sharp rise in the stock value as most teams have gone remote and connectivity tools have become essential for business continuity. On the other hand, bigger companies like Zendesk have shown a decent amount of growth which we think is because companies are working remote.