FCA argues no “fundamental reason” why financial firms cannot move to the cloud


The Financial Conduct Authority (FCA) has issued a report arguing there is “no fundamental reason” why financial organisations cannot move to cloud-based models so long as the guidelines the body issues are adhered to.

“Our aim is to avoid imposing inappropriate barriers to firms’ ability to outsource to innovative and developing areas, while ensuring that risks are appropriately identified and managed,” the FCA argues. “We see no fundamental reason...

By James Bourne, 13 November 2015, 0 comments. Categories: Adoption, Data & Analytics, Economy, Infrastructure.

Microsoft, Amazon and Google: How cloud underpins their financial figures


Yesterday was a pretty busy day if you were tracking financial results, with Amazon, Microsoft and Google all declaring their figures. And it was an impressive showing on the cloud side for the three tech giants, with Microsoft announcing Azure usage and compute usage more than doubling year on year and Amazon Web Services (AWS) showing similar quarterly and yearly growth.

AWS brought in $2.09bn for the firm in Q315, compared with $1.17bn for this time last year, with $5.47bn in the nine...

By James Bourne, 23 October 2015, 0 comments. Categories: Amazon, Economy, Infrastructure, Microsoft.

Research details challenges of tracking cloud consumption


Two thirds of respondents in a survey from Dimensional Research and Cloud Cruiser say they find it challenging to track cloud consumption for cost allocations.

The research, which quizzed IT professionals who attended the AWS Global Summit events in San Francisco and New York in April and July this year, found almost four in five (79%) are pursuing a hybrid cloud strategy. Almost a third (30%) of respondents saying they will grow cloud services by more than half in the coming year,...

By James Bourne, 06 October 2015, 0 comments. Categories: Amazon, Applications, Architecture, Data Management, Economy.

Cloud computing dominates Deloitte’s 2015 global venture capital confidence survey


  • Cloud computing is the strongest technology investment sector for the third year in a row.
  • Biopharmaceuticals and robotics are the two sectors that have gained the greatest venture capital confidence from 2014 to 2015.
  • U.S. technology hubs (Silicon Valley/San Francisco, New York, Boston, Los Angeles & Chicago), Israel and Canada dominate while confidence continues to fall in Brazil and other emerging markets.

These and other insights are from

By Louis Columbus, 30 September 2015, 0 comments. Categories: Economy, Infrastructure, M&A.

Box announces Q2 financial figures, hits 50,000 customers


Enterprise cloud storage provider Box has announced its second quarter financial results, with revenue at $73.5 million (£47.6m) and a customer base of over 50,000.

For the second quarter of fiscal 2016, ending July 31, Box announced revenue figures at an increase of 43% year over year. Billings were at $79.6m, an increase of 45% from the same period last year, while non-GAAP operating loss was at 45% of revenue, down from 57% in fiscal year 2015.

The SaaS provider noted among its 50,000...

By James Bourne, 11 September 2015, 0 comments. Categories: Economy, SaaS , Software, Storage.

Personal cloud market to hit $90bn by 2020, research study claims

(c)iStock.com/gong hangxu

The global personal cloud market is expected to top almost $90 billion (£58.5bn) in revenue by 2020, according to the latest forecast by Allied Market Research.

The research firm anticipates a compound annual growth rate (CAGR) of 33.1% between 2015 and 2020, with growing customer awareness cited as boosting growth and personal cloud for individuals continuing to lead the market.

Individual users will comprise around 60% of total market revenue by 2020 according to Allied,...

By James Bourne, 08 September 2015, 0 comments. Categories: Economy, Infrastructure, Software.

SaaS provider Apttus raises $108m series C funding, takes aggressive approach


Software as a service (SaaS) provider Apttus has secured $108 million (£70.4m) in series C funding, just seven months after its previous funding round.

Apttus delivers SaaS apps providing an unbroken funnel throughout the sales process, with the company claiming to pioneer the ‘quote to cash’ cycle, which is an end to end process covering an entire sales lifecycle in the cloud. The latest cash injection comes after a $37m round in September 2013 and $41m in February...

By James Bourne, 01 September 2015, 0 comments. Categories: Economy, SaaS , Salesforce, Software.

Microsoft reveals cloud growth but $3.2bn net loss in latest financial results


Microsoft has reported a $3.2 billion net loss for the second quarter of 2015, the worst in the company’s history, but backed it up alongside continued strong cloud growth.

It was always going to look nasty. Following the $7.5bn writedown of its Nokia offshoot, the analysts were prepared to sink their teeth into the Redmond giant as its latest financial results came through. Yet Microsoft CEO Satya Nadella was unrepentant, arguing the cloud and mobile gains were pushing the...

By James Bourne, 22 July 2015, 0 comments. Categories: Collaboration, Economy, Enterprise, Microsoft, Software.

SAP’s Q215 financial results: Strong cloud growth alongside profit warnings

Picture credit: SAP

It’s that time of year again. Companies are issuing their latest quarterly financial figures, and SAP’s Q215 numbers see continued growth in cloud services, but overall profits remaining relatively stagnant.

Cloud subscriptions and support for the German software giant stood at €552 million for the second quarter of 2015, a more than 100% change from the previous year. Other software licenses and support saw a 13% change at €3.51 billion. Total revenue hit...

By James Bourne, 21 July 2015, 0 comments. Categories: Economy, SaaS , SAP, Software.

The state of the cloud in 2015: “Bullish” VC firm predicts tipping point


Bessemer Venture Partners (BVP), a venture capital firm which has been investing in cloud computing for almost 20 years, has released a bullish prediction on cloud trends in the coming years.

Software as a service (SaaS) is approaching 30% of total application spend, compound annual growth rate hitting 17.6% between 2013 and 2018. On premise, by contrast, is at 2.8%. BVP also argues the ‘tipping point’ of cloud CRM will hit in 2016; by 2018, the VC firm expects cloud CRM to...

By James Bourne, 19 June 2015, 0 comments. Categories: Economy, IaaS, M&A, SaaS , Salesforce.