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Ongoing digital transformation in almost every industry and the rising adoption of advanced cloud-based software platforms to facilitate remote working—as several parts of the world witnesses a resurgence of COVID-19 cases fueled by the virus’ Delta variant—should drive software companies’ sales. The global software industry market is expected to grow at a 7.2% CAGR from 2021 – 2026. So, both ORCL and SNOW should benefit.
But while SNOW’s shares have gained 2.9% in price over the past six months, ORCL has surged 36.9%. In terms of their past nine months’ performance, ORCL is a clear winner with 53.8% gains versus SNOW’s negative returns. But which of these stocks is a better pick now? Let’s find out.
