Teladoc Partners with Microsoft and Boeing Surprises in Q2
Teladoc Health, Inc. is a multinational telemedicine and virtual healthcare company based in the United States. Primary services include telehealth, medical opinions, AI and analytics, telehealth devices and licensable platform services.
Teladoc recently announced a partnership to integrate Microsoft Teams collaboration software with Teladoc’s telehealth platform. The partnership is strategic for Teladoc by giving them a competitive edge over other companies in the industry such as Veeva, although experts have said unless the partnership is expanded it likely won’t hurt Veeva much. The overall industry of Telehealth is also expanding with Amazon launching its own telehealth product called Amazon Care this summer.
Some experts such as Keith Speights who focus on investing in the healthcare industry, have said Teladoc as an acquisition target is possible and that Microsoft would be on the shortlist of potential buyers if that happens down the road.
The Boeing Company is an American multinational corporation that designs, manufactures, and sells airplanes, rotorcraft, rockets, satellites, telecommunications equipment, and missiles worldwide. The company also provides leasing and product support services. Recently, and over the past year Boeing has had a rough patch with its planes presenting all kinds of technical issues. After finally getting their 737 Max back in the air last year, Boeing had to deal with the grounding of 69 of its 777-model jets after an engine failure on a United Airlines flight to Denver Colorado.
With all these issues in the background Q2 earnings for Boeing weren’t anticipated to be too strong. Boeing surprised investors with $17 billion of revenue in the second quarter, and although it’s far from Q2 of 2018 ($24.3 billion), it does represent a 44% year-over-year increase in earnings.
I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.