2023-04-14 07:00:00 ET
Extremely fast revenue growth can make a stock exciting. But if that growth isn't sustainable, or if it's not profitable, then sooner or later reality is going to rear its ugly head. The best growth stocks are capable of increasing revenue and profit at a healthy pace for decades. That's what long-term investors want to see.
In the world of cloud stocks, Atlassian (NASDAQ: TEAM) and Paycom Software (NYSE: PAYC) have the right attributes to deliver solid growth for many years to come. The common thread is an intense focus on efficiently winning customers, something that many subscription software companies ignore. If your time horizon is measured in years or decades, Atlassian and Paycom should be right up your alley.
Atlassian is an overnight success that's been 20 years in the making. The company's suite of collaboration, productivity, and project management tools, headlined by Jira, has been steadily gaining mindshare for years. While there are plenty of alternatives, Jira has become the de facto industry standard for bug- and issue-tracking software.
For further details see:
2 Cloud Stocks to Buy for Long-Term Investors