Dropbox files confidentially for IPO – reports

Cloud storage provider Dropbox has filed confidentially for IPO, according to a Bloomberg report.

According to the report, Goldman Sachs and JPMorgan will lead the potential listing, with Dropbox aiming to list in the first half of this year. The company’s most recent valuation, in 2014, was at $10 billion.

The move, alongside Spotify’s bid to go public at the very start of this year, represents the first tech IPOs of...

By James Bourne, 12 January 2018, 0 comments. Categories: Economy, Software, Storage.

Veeam on target for billion dollar status after posting latest financial results

Cloud backup software provider Veeam says it is “well-poised” to become a billion dollar software company by the end of 2018 after posting $827 million (£611m) in total bookings revenue for 2017.

The Swiss-based company said it secured more $500,000-plus deals in 2017 than in the previous six years combined, taking its total number of customers to 282,000. Deals which were $1 million and above saw 500% growth in 2017.

Customers include more than half (57%) of the Forbes Global 2000, the company added,...

By James Bourne, 10 January 2018, 0 comments. Categories: Data & Analytics, Data Management, Economy, M&A.

Oracle posts more strong cloud results – but analysts unconvinced on guidance

Oracle has announced its latest financial results with cloud again the backbone of success – although its stock slipped due to a struggling guidance.

Total cloud revenues were up 44% year over year to $1.5 billion, with software as a service contributing almost three quarters of that figure at $1.1bn, a yearly increase of 55%. Platform and infrastructure as a service was at $396 million, representing year over year growth of 21%. In total, cloud revenues represented 16% of Oracle’s total revenues,...

By James Bourne, 15 December 2017, 0 comments. Categories: Data & Analytics, Data Management, Economy, Infrastructure, Software.

Why the overall cloud opportunity moves far beyond the public cloud

If you want to appreciate the full extent of the cloud computing phenomena, then you need to comprehend the ongoing impact to the IT ecosystem. It's been fueled by a disruptive series of innovations that have enabled software developers to accelerate the speed of digital transformation.

The cloud delivery and consumption model has revolutionized the entire IT industry. But the cloud opportunity extends well beyond the public cloud - which makes up less than half of all cloud-related spending today -...

By David H Deans, 11 December 2017, 0 comments. Categories: Data Centres, Economy, Infrastructure, Public, Research.

Every second counts: How does per-second billing for cloud resources measure up?

It has been a little over a month since Amazon and Google switched some of their cloud services to per-second billing and so the first invoices with the revised billing are hitting your inboxes right about now. If you are not seeing the cost savings you hoped for, it may be a good time to look again at what services were slated for the pricing change, and how you are using them.

Google Cloud...

By Bill Supernor, 06 December 2017, 0 comments. Categories: Amazon, Economy, Google, Infrastructure.

Meg Whitman to step down as HPE chief exec: Analysing the company’s fortunes

Meg Whitman is to step down as CEO of Hewlett Packard Enterprise (HPE), bringing down the curtain on a six-year tenure and overseeing one of the largest corporate breakups of recent years.

Whitman had in July stepped down as chairwoman of HP’s board of directors, remaining chief executive of HPE, and had previously faced speculation about her role as the chief executive’s seat at Uber dramatically became available earlier this year.

Whitman’s replacement will be HPE president Antonio Neri, a 22-year HP...

By James Bourne, 22 November 2017, 0 comments. Categories: Big Data, Economy, Infrastructure, Vendors.

NetApp posts $1.42bn Q218 revenues, CEO says company ‘substantially outpacing’ competition

NetApp has disclosed its most recent financial figures – revenues of $1.42 billion (£1.07bn) for Q218, up 6% year over year with CEO and president George Kurian telling analysts the company ‘continues to substantially outpace the growth of the all-flash array market and competitors’.

Alongside the total quarterly revenues, NetApp posted a GAAP net income of $175 million, up from $109m this time last year, with predicted net revenues to be in the range of $1.425bn and $1.575bn in the...

By James Bourne, 17 November 2017, 0 comments. Categories: Economy, Software, Storage.

How to improve MSPs’ agility while reducing costs: A guide

Agility is one of the key characteristics that distinguishes a successful managed service provider from the rest of the pack. Being agile means being able to respond quickly to onboard new customers, and fulfill new service requests. Unfortunately, this is often in direct conflict with another important MSP goal: minimizing the number of staff required to deliver those services.

One of the smartest ways to resolve that conflict is to implement your own cloud infrastructure, with customer self-service and...

By Caroline Paine, 15 November 2017, 0 comments. Categories: Economy, Infrastructure, Vendors, Virtualisation.

NVIDIA boasts cloud prowess of Tesla V100 GPU as results soar

It was a statement inferred during NVIDIA’s most recent earnings call – and now it has been confirmed.

The company’s Tesla V100 GPU has been chosen by every major cloud provider, with the likes of Alibaba Cloud, Amazon Web Services, Microsoft Azure, Oracle and Tencent all announcing Volta-based cloud services.

Alongside this, the company’s financial results revealed record revenues of $2.64 billion, up 32% from this time last year, with data centre revenue of $501m, more than doubled...

By James Bourne, 14 November 2017, 0 comments. Categories: Data & Analytics, Data Centres, Economy, Infrastructure.

Rackspace and HPE team up for pay as you go OpenStack private cloud

When your correspondent wrote last week, to open the news that Google was becoming Salesforce’s preferred cloud provider, ‘meet the cloud’s newest strategic partners’, it was always going to be a short-lived title.

And so it has proved: Hewlett Packard Enterprise (HPE) and Rackspace have announced a partnership to offer what is claimed as the industry’s first pay as you go...

By James Bourne, 13 November 2017, 0 comments. Categories: Economy, Infrastructure, OpenSource, Private.