AWS passes $5 billion in quarterly revenue with a $20bn run rate

Amazon Web Services (AWS) has surpassed $5 billion (£3.6bn) in revenues for the most recent quarter, representing an almost 45% increase year over year and a $20 billion run rate.

The company’s latest financial results show revenues of $60.5bn across the company in the fourth quarter, with particular focus on Alexa. CEO Jeff Bezos said in a statement that “we don’t see positive surprises of this magnitude very often – expect us to double down.”

In the company’s...

By James Bourne, 02 February 2018, 0 comments. Categories: Amazon, Economy, Vendors.

Microsoft posts more solid cloud growth with $28.9bn in overall revenue for Q218

Microsoft continues to cite the cloud as the key to its success; the company has posted revenues of $28.9 billion and operating income of $8.7bn for Q218, an increase of 12% and 10% respectively.

While the company does not give specific numbers for Azure, saying its revenue has gone up 98%, its ‘intelligent cloud’ bucket – which focuses on Azure and server products, saw revenues of $7.8bn, an increase of 15% year over year, while the ‘productivity and business processes’...

By James Bourne, 01 February 2018, 0 comments. Categories: Applications, Economy, Microsoft.

SAP praises ‘stellar cloud bookings’, reiterates 2020 vision and acquires Callidus Software

Updated SAP has praised ‘stellar cloud bookings’ in its Q417 financial results, with total revenue across all segments at €6.805 billion (£6bn) and cloud and software revenues comprising 85% of that figure.

New cloud bookings were at €591 million for the quarter ended December 31 2017, up 22% from the previous year. The figures show a steady continuation of a long-term trend. Cloud subscriptions and support went up 21% to €997m year over year, while the more traditional software...

By James Bourne, 30 January 2018, 0 comments. Categories: Economy, SAP, Software.

The future of careers in cloud computing - and the skills you need to have

The migration towards cloud computing in business has grown exponentially over the last 12 months, with new installation of public and private cloud network infrastructure becoming a key area of successful business operation.

Partnering this successful adoption of cloud technology is the positive development of both core and non-core careers in the sector, which in turn has led to an increased demand for skilled professionals and a boost in the number of available jobs.

We initially saw an increased demand...

By James Lloyd-Townshend, 24 January 2018, 0 comments. Categories: Developers, Economy, Security.

IBM ends revenue decline, says it has strengthened cloud and blockchain leadership

IBM has finally stopped its revenue slide after more than five and a half years – with the company saying it has strengthened its position as the leading enterprise cloud and blockchain player.

The Armonk giant posted revenues of $22.5 billion (£16.2bn) for the fourth quarter of 2017, up 3.5% on this time last year, where revenues were at $21.7bn. Of this figure, 40% was comprised of the technology services and cloud platforms bucket, at $9.2bn, while 24% came from cognitive solutions and 18% was...

By James Bourne, 19 January 2018, 0 comments. Categories: Blockchain, Economy, Industry, Platform.

CircleCI secures $31 million series C funding to further continuous integration mission

CircleCI, a San Francisco-based continuous integration and delivery platform provider whose customers include Facebook, Spotify and Sony, has announced the close of a $31 million (£22.5m) series C funding round.

The funding round was led by Top Tier Capital Partners, alongside Industry Ventures and Heavybit, joining existing investors Scale Venture Partners, Baseline Ventures, Harrison Metal, and DFJ Ventures.

The company helps organisations’ development teams automate the build, test and...

By James Bourne, 17 January 2018, 0 comments. Categories: Data & Analytics, Developers, DevOps, Economy, Microservices.

Exploring cloud IT infrastructure investment trends for 2018

As 2017 came to a close, IT infrastructure vendors continued to respond to trends that favoured hybrid IT multi-cloud solutions. Most enterprise IT leaders invested in combinations of on-premises platforms and public cloud-based services. Meanwhile, the cloud hyperscale service providers still drive demand.

Vendor revenue from sales of infrastructure products (server, storage, and Ethernet switch) for cloud IT -- including public and private cloud -- grew 25.5 percent year-over-year in the third quarter of...

By David H Deans, 15 January 2018, 0 comments. Categories: Adoption, Economy, Infrastructure, Research.

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.