3 Revolutionary Stocks - Upwork

1-Upwork

Upwork (NASDAQ: UPWK) is a platform that enables digital nomadism, that is, to be able to work remotely while living anywhere specific in the world. Last year, the company brokered free contracts worth $ 2.524 billion. (This figure was $ 2.087 billion in 2019.) The company generated $ 374 million in commission revenue throughout the year. This means a significant increase, well above the $ 301 million achieved in the same period of the previous year. Upwork serves more than a specific market. More than 70 percent of freelancers using the program have a university degree. More than 30 percent of Fortune 100 companies, companies like GoDaddy.com, Microsoft, and General Electric are using Upwork to recruit remote talent.

There are over 225 million jobs that can be done remotely around the world.

Upwork has a small but growing market share with 145,400 core customers and a presence in 180 countries. This service provided by Upwork creates great value for companies as it significantly reduces the time to hire someone and provides significant financial savings in human resources. For projects such as graphic design, firms often request dozens or perhaps hundreds of contractors to work together. Therefore, it can be predicted that sufficient revenue could be generated for such efforts by a headhunt (technical staff hunter) and a coordinating company. Upwork managed to stay profitable even during the last year, which is a good accomplishment for its future. Upwork, a leading technology company with a market value of $ 6 billion, is definitely a company to watch due to its valuation, scalability and international expansion capability.   3 Revolutionary Stocks - Upwork Source: https://www.fool.com/ You may also be interested in:

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