Rackspace posts solid financial results, continues to bang drum for managed cloud services

Picture credit: Scott Beale/Flickr

Rackspace has announced solid fourth quarter financial results, with adjusted EBIDTA at $165m, up 25% year on year, and net revenue up 16.4% from Q413.

Net income for the fourth quarter was $36.9m, up 5.1% year on year, while return on capital in the quarter went up to 15.5% from 9.6% in 2013.

The company’s primary USP in 2014 was its Managed Cloud portfolio,

By James Bourne, 19 February 2015, 0 comments. Categories: Economy, Hybrid, IaaS, Infrastructure.

What can MSPs gain from linear growth and recurring revenue?

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By Bernardo Reyes

We’ve reached it, the critical stage between cloud growth and cloud maturity. And there’s no need to deny that with cloud maturity come great opportunities. Just like Uncle Ben said, right? But more seriously, as a Managed Service Provider (MSP), how can you be sure that adding the cloud to your organisation now is right? Did you at all consider the cloud as...

By Rhonda Sherwood, 05 February 2015, 0 comments. Categories: Economy, SaaS , Software, Vendors.

IBM's cloud revenue hits $7bn in 2014, but still plenty of work to do

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IBM has released its Q4 and full year financial figures for 2014, showing net income at $15.8bn down 7% year on year, revenue from continuing operations down 6%, but total cloud revenue of $7bn in 2014, up 60%.

It’s a not unexpected result given, like SAP, IBM is aiming to shift its revenues more towards the cloud as opposed to legacy on-premises software, but...

By James Bourne, 21 January 2015, 0 comments. Categories: Economy, IaaS, Infrastructure.

SAP financial figures offer few surprises, expects cloud transformation by 2018

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SAP has released its latest financial figures, and it’s to be expected; cloud subscriptions up, software subscriptions down, overall numbers ticking over, and a pledge that cloud profits will exceed software license revenues by 2018.

The company has again shifted its long term goals, with a 2017 operating profit target now of €6.3bn to €7bn, from a previous total of €7.7bn – and it’s all due to the company’s aggressive shift towards cloud.

The...

By James Bourne, 20 January 2015, 0 comments. Categories: Economy, SaaS , Software.

3 ways to make the cloud work for your accountancy firm

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Your firm’s success is tied to the satisfaction of your clients. Providing the best financial services, regardless of the location or time, is possible with the cloud. The main attraction to the cloud is the fact that critical information can be stored securely and retrieved instantly.

Whether conducting a working lunch in a boardroom or reviewing files before a red-eye flight in an...

By Christopher Stark, 02 October 2014, 0 comments. Categories: Adoption, Economy.

Oracle chief Larry Ellison steps aside to become CTO, results miss target

Analysis Oracle founder and CEO Larry Ellison has stepped down from the chief exec role, with co-CEOs Safra Catz and Mark Hurd appointed to steer the ship.

Ellison isn’t leaving Oracle full stop however, assuming the role of CTO and executive chairman at the software giant. In an earnings call, Ellison admitted that not much would change under the bonnet.

“I’m going to continue doing what I have been doing over the last several years, [Catz and Hurd are] going to continue what they’ve been doing...

By James Bourne, 19 September 2014, 0 comments. Categories: Big Data, CIO, Economy.

How to overcome the cloud-savvy IT talent shortage

Senior executives at large multinational enterprises are already demanding that their CIO has a plan in place to ensure that they can effectively procure public and private cloud services for their organization. In smaller companies, some IT managers are now expected to acquire the knowledge and skills to perform a similar role.Are they prepared? To find out, let's review a current IT resource assessment.According to the findings from a recent market study by International Data Corporation (IDC), European IT departments still need to make significant...

By David H Deans, 18 September 2014, 2 comments. Categories: CIO, Economy, Enterprise, Trends.

Hiring for cloud? Here's how to find the right people

Demand for cloud-skilled IT workers continues to outstrip the supply, and demand keeps growing.  You can’t pick up a technology journal without seeing quotes from hiring managers who complain about the lack of cloud skills in the job market these days.  Training and OJT are well underway, but growth is just too steep to fill all of the jobs.

The search for cloud talent is made harder due to several realities in the tech industry:

  • Cloud providers do a poor job of providing generalized cloud computing skills. They typically focus only on their...

By LogicWorks, 05 June 2014, 0 comments. Categories: Economy, Industry.

iomart posts more profits, vows to concentrate on bespoke private and hybrid cloud

UK-based cloud service provider iomart Group has announced pre-tax profits of £14.6m for the end of the financial year – and vows to continue towards bespoke private and hybrid cloud as opposed to mass public cloud.

Revenue stood at £55.6m compared to £43.1m in 2013, representing a 29% increase, whilst revenues from iomart’s hosting segment were up by 40% to £44.7m – higher than the company’s overall revenue last year.

This represents a solid year for iomart,...

By James Bourne, 28 May 2014, 0 comments. Categories: Economy, Europe, Storage.

Why there is more to IaaS than price cuts

Laurent Lachal, Senior Analyst, Ovum Software

At the end of March 2014, and in short succession, Google, Amazon Web Services (AWS), and Microsoft announced significant price cuts to their public infrastructure-as-a-service (IaaS) cloud offerings. Widely reported in the press, the market rejoiced at the news, which combined price cuts with other announcements.

IaaS price cuts are not a new trend, but the most important aspect of this latest round of cuts is that it reflects Google’s unambiguous ambition...

By Ovum StraightTalk, 30 April 2014, 0 comments. Categories: Economy, IaaS.