Digerati Technologies Inc (OTC:DTGI)

Investors who are interested in following companies that are targeting the cloud computing industry may want to track shares of ATSX which recently attained a 52 week high:

Arthur L. Smith, President and CEO, commented, "Our corporate name change and re-branding will reflect the recent diversification of our business. Our products, including our global transport services, are now delivered only in the cloud or over the Internet as we continue to invest resources in our cloud-based VoIP services. This re-branding strategy will encompass both investor and public relations initiatives and is intended to align us more appropriately with the cloud-based services industry, an industry sector that is experiencing dramatic growth."

Arthur L. Smith, CEO of ATSI, stated, "We are pleased to report the significant improvements in gross profit and working capital for the period. We continued to produce positive cash flow from operations while investing resources to expand our cloud-based VoIP product line. The greater margins of our cloud-based services contributed approximately 10% of our gross profit for the first quarter. We have high expectations for this product line and anticipate its gross profit contribution to increase significantly over the next 12 months." Market demand for the Company's cloud telephony services continues to be driven by the migration from traditional telephone service to VoIP phone systems. The recent growth in cloud-based VoIP services is primarily due to: Demand for a lower cost alternative to traditional telephone service; Improved quality and reliability of VoIP calls due to technological advances, increased network development and greater bandwidth capacity; and New product innovations that can be provided by VoIP services providers, but not currently offered by traditional telephone companies.

Other stocks involved in cloud computing include:

Subaye (NASDAQ:SBAY)
China Intelligence Information Systems, Inc. (OTC BB:IICN)
Magic Software Entrs (NASDAQ:MGIC)
Vmware, Inc., Class A (NYSE:VMW)