A recent Gartner report estimated that 80 percent of organisations will overshoot their cloud budgets by 2020 because of a lack of optimisation. Obviously, this frustrates executives. It’s particularly hard to deal with in the case of multi-cloud environments, where each provider’s bill might be a million-plus lines long.

Cloud access security broker (CASB) Bitglass has announced a $70 million (£53.6m) funding round aimed at consolidating its leadership of the CASB and cloud security market.

The round, a series D, included a new investor in the shape of Quadrille Capital, as well as existing investors Future Fund, New Enterprise Associates (NEA), Norwest, and Singtel Innov8. NEA, as regular readers of this publication will be aware, is a regular investor in the cloud space, with...

Portworx, a provider of storage and data management software for containers, has announced a $27 million (£20.5m) series C funding round – and touted record revenue and customer growth in the process.

The company’s series C, putting its total funding at $55.5m, was co-led by Sapphire Ventures and the venture arm of Mubadala Investment Company, with new investors Cisco Investments, HPE and NetApp joining Mayfield...

Cloudera posted total revenues of $144.5 million (£108.9m) for its most recent quarter, and while it may have disappointed investors, the company said its ‘enterprise data cloud’ strategy with Hortonworks on board will help turn things around.

Of total revenues for the quarter ending January 31 – up 36% from this time last year – 85% of it came from subscriptions, while the remainder came from...

VMware has closed off its 2019 fiscal year with record annual revenues, solid upticks across the board and considerable strength on its partnership with Amazon Web Services (AWS).

Revenue was $2.59 billion (£1.96bn) across the quarter, at a 16% uptick on this time last year, while for the fiscal year it was $8.97bn, a yearly increase of 14%. License revenues were at $1.2bn, or 47.5% of overall quarterly revenues,...

Updated 1820 GMT Google has claimed that the number of its cloud deals exceeding $1 million has ‘more than doubled’ over the past 12 months in what it called a ‘strong’ year – yet remained reticent in disclosing details over run rates.

The company’s fourth quarter and fiscal year results, published late yesterday, saw Google’s ‘other’ revenues – of...

Amazon Web Services (AWS) remains the benchmark for Amazon’s profit lines and continues to improve.

The company announced revenues for AWS of $7.43 billion (£5.68bn), an increase of 45% from this time last year, with AWS revenues comprising more than 10% of Amazon’s overall sales for the quarter, up from 8.4% the year before. AWS made $2.18bn after expenses for Q4, giving it a full year profit of almost $7.3bn, or...

Microsoft’s investor relations team is evidently not frightened about repeating itself when it comes to financial announcements season. “Microsoft Cloud drives record fourth quarter results,” the company proclaimed in July; “Microsoft Cloud strength powers record first quarter results,” it tooted in October; and now, “Microsoft Cloud strength fuels second quarter results.”

Given the...

SAP broke €20 billion in yearly cloud and software revenues in 2018, hitting or exceeding its raised outlook metrics in the process – and the company wants more, targeting €35bn in total revenue by 2023.

The Q4 2018 financial results saw total cloud and software revenues hit €6.3 billion (£5.5bn), representing 85% of total revenues that quarter. Naturally this statistic is somewhat obfuscatory...

As a new year dawns, it marks the perfect time to assess the industry landscape. According to the latest note from Synergy Research, 2018 saw the cloud market hit $250 billion (£196bn) globally, with a 32% annual growth.

While plenty of the critical acclaim goes on the public cloud infrastructure side of the house, the analyst firm posited that all market segments had risen comfortably over the past 12 months.