Daily/Buy Sell AdviserUnable to post the entire article so here's the link. OTEX is one of the recommendations under cybersecurity. GLTA
https://www.adviceforinvestors.com/news/canadian-stocks/what-stocks-are-work-from-home-winners/#gsc.tab=0
What stocks are ‘Work from Home’ winners? Virtual offices need services and security. Stephanie Price and Scott Fletcher, CIBC World Markets analysts in Toronto, name the stocks positioned to win in this transformation.
We believe that the COVID-19 pandemic has accelerated the technology cycle, with companies that were further along the digitization process better positioned to respond to the move to remote work. With recent surveys suggesting that remote workers would like to continue to work from home (WFH) post pandemic (and some companies closing physical offices), we expect increased spending in a number of areas, including cloud, cybersecurity, human resources (HR) and e-learning and collaboration.
Software companies with solutions geared towards improving remote work productivity have done well year to date and we continue to like these names over the longer term given the pervasiveness of the trend to work remotely. Our top picks are Kinaxis Inc. (TSX—KXS), Docebo Inc. (TSX—DCBO), and Enghouse Systems Ltd. (TSX—ENGH).
While corporate disaster recovery plans detail contingency measures in the event of natural disasters, many did not account for a full-scale move to remote work, with stay-at-home orders catching 72 per cent of information technology (IT) decision makers under-prepared, according to a Xerox survey of 600 IT executives. Survey results suggest that the pandemic has accelerated spending intentions in a number of areas, including cybersecurity, cloud, automation and analytics.
Cybersecurity will get biggest spending increase
A Statista poll of representatives from major enterprises shows that cybersecurity is the area of their IT budgets that will see the biggest increase in spending following the onset of COVID-19, with about 80 per cent of respondents looking to increase cybersecurity spending. Hybrid or multi-cloud spending is also expected to increase at roughly 70 per cent of enterprises surveyed. We see many of the companies under our coverage benefiting from increased technology spending related to remote work, broadly in the areas of HR and e-learning, digital transformations and collaboration.