While there has been much focus on the struggles of technology stocks such as WiseTech and Webjet, there are several others which are bucking this trend thanks to a focus on remote working.
Numerous businesses in Australia had opted to move their staff away from the office and work remotely instead to avoid the spread of the COVID-19 while others were being forced to work remotely as they may be in quarantine or self-isolation.
This had been good news for those firms which specialised in cloud-based systems.
NextDC had seen its share price rise 21% since the start of the year to 11 March, Vocus Group had returned 10.8% and ELMO Software had risen 8.4%, according to FE Analytics.
NextDC was one of the world’s largest datacentre operators with nine in Australia as well as disaster recovery solutions.
ELMO Software is a cloud-based HR and payroll system used by more than 1,000 organisations across Asia Pacific.
Lastly, Vocus was a fibre and network solutions provider, with an over 30,000km fibre network, offering broadband and mobile...