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My Top 3 Growth Stocks to Buy in 2021

TheMotleyFool

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Over the last two decades, software-as-a-service (SaaS) has become an increasingly popular business model. For customers, it cuts upfront costs and improves scalability; for providers, SaaS reduces the cost revenue, which means higher margin and greater profitability.

Notably, salesforce.com (NYSE: CRM), CrowdStrike (NASDAQ: CRWD), and Zoom Video Communications (NASDAQ: ZM) are the fastest-growing SaaS businesses in history -- each reached $1 billion in annual recurring revenue (ARR) more quickly than any other SaaS provider.

Also noteworthy: Each business is led by a founder CEO who left a rival company to pursue innovation. That may sound trivial, but a passionate leader can make all the difference in the world.

Source Fool.com

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