There is no doubt that Amazon.com, Inc. (NASDAQ:AMZN) is turning out to be the global leader in cloud-computing infrastructure besides being the undisputed king online retail. On a global scale, amazon is also the top dog in cloud-computing infrastructure helping it produce impressive growth and expanding profitability for investors in Amazon.com. Another cloud-computing company that is currently topping the chart is Salesforce.com, inc. (NYSE:CRM) . With impressive revenue growth over the past several years, and financial reports for the quarter ended on July 31, Salesforce is a favourite among active investors on wallstreet. Total revenue during the quarter came in at $2.04 billion, marking the first $2 billion quarter for the company in its history, and growing 25% year over year. Both Amazon and Salesforce prove that there is tremendous potential in the cloud-computing.
A micro cap company in the cloud-based-software sector that needs mention is Epazz, Inc. (OTCMKTS:EPAZ). EPAZ specializes in providing customized cloud applications to the corporate world, higher-education institutions and the public sector. Epazz BoxesOS™ v3.0 is the complete business web-based software package for small- to mid-size businesses, Fortune 500 enterprises, government agencies and higher-education institutions. BoxesOS provides many of the web-based applications organizations would otherwise need to purchase separately. Epazz’s other products are AgentPower™ (a workforce management software) and AutoHire™ (an applicant tracking system). According the the recent press release, Epazz, Inc. (OTCMKTS:EPAZ) is set to make a positive comeback in favor of its investors. Epazz management has worked diligently with an ultimate goal of eliminating all toxic debt from the Company’s books. Epazz, Inc.’s CEO, Shaun Passley, Ph.D., said, “We have obtained the interest of investors who are willing to fund the Company to grow it to the next level. Part of the agreement with the investors is to eliminate all debt through principal debt settlements and take on no new debt. In the meantime, we continue negotiations with our current debt holders to pay down and eventually eliminate all debt positions. We are getting into a position to start growing the Company.”
Recently, EPAZ has moved to cost saving measures by moving to open sourced software. This will enable to make their products much more competitive while preserving their margins. The company believes that using open source software will enable them to update their current applications quickly as well as development of new software packages and applications. The company intends to explore mobile application development as well as creating new payment systems for a variety of industries with emphasis on 420 Industry for customized payment system development. Currently trading at mere $0.0122, EPAZ provides a great opportunity for entry level investors and traders. As always, conduct your own due diligence as micro cap companies can be volatile.
