Red Hat posts positive financials, cites CoreOS acquisition as key

Another day, another earnings report where cloud is cited as the primary mover. This time it’s Red Hat, whose fourth quarter and full year revenues have gone up 23% and 21% year over year respectively.

Full year revenues were at $2.9 billion (£2.05bn) while fourth quarter total revenue was at $772 million (£546.4m). The company’s subscription revenue from infrastructure-related offerings was at $510m for the most recent quarter, representing two thirds of total revenue, while total...

By James Bourne, 27 March 2018, 0 comments. Categories: Containers, Economy, OpenSource, Platform.

Pivotal Software goes for a $100 million IPO

Pivotal Software, the arbiter of the open source Cloud Foundry project and one of the many horses in Dell’s stable, has filed for an IPO worth a potential $100 million (£70.4m).

The S-1 filing revealed Pivotal posted overall revenues of $509.4m for fiscal 2018, at an increase of 22.4% from the year before, with subscription revenue exceeding services revenue for the first time at $259m.

The company said it had 319 ‘subscription customers’ – defined as companies who spend at least...

By James Bourne, 26 March 2018, 0 comments. Categories: Economy, M&A, PaaS, Platform.

Oracle cloud revenue continues strong growth with more autonomous services promised

It’s the same old story for Oracle as its Q318 financial results were announced; strong cloud revenues, but what about the rest of the portfolio?

Oracle announced total revenues of $9.8 billion (£7bn) over the past three months, with total cloud revenues contributing 16% of the overall figure at $1.6bn. Cloud revenues have gone up 32% year over year; cloud software as a service, the much larger bucket, saw revenues of $1.15bn at a yearly increase of 33%, while cloud platform as a service and...

By James Bourne, 20 March 2018, 0 comments. Categories: Applications, Economy, Infrastructure.

Pentagon opens winner-takes-all cloud defence contract – as REAN tender pared back

Microsoft said earlier this week that government IT had reached a tipping point towards moving to the cloud – and now another large US contract is up for grabs.

During an Industry Day yesterday, plans were revealed by the Pentagon for the Joint Enterprise Defence Infrastructure Cloud (JEDI) opened up for tender to any single cloud provider.

The key is in the word ‘single’: as reported

By James Bourne, 08 March 2018, 0 comments. Categories: Economy, Government, Infrastructure.

Cloudian secures $125m in funding, cites AI and Amazon S3 API in driving object storage growth

It has been a busy couple of weeks for storage provider Cloudian. The company has announced $125 million (£90.7m) in funding, a short time after its most recent product release.

The funding round is being made alongside Digital Alpha Capital, a private equity firm focused on software as a service (SaaS) and eCommerce providers, with $100 million going on ‘consumption-model financing’ – or debt financing, as it is recorded in...

By James Bourne, 02 March 2018, 0 comments. Categories: Economy, Software, Storage.

New figures show staggering capex spending of hyperscale cloud providers

Hyperscale cloud and data centre operators spent $22 billion on capital expenditure (capex) in the final quarter of 2017 making the total for the year almost $75bn, according to the latest figures from Synergy Research.

Google, Microsoft, Amazon, Apple and Facebook comprise the top five spenders of the 24 major cloud and internet service firms analysed in Q417, according to the data, with growth ‘particularly strong’ at Amazon and Facebook. Alibaba, IBM, Oracle, SAP and Tencent made up the top...

By James Bourne, 01 March 2018, 0 comments. Categories: Data & Analytics, Data Centres, Economy, Infrastructure.

A roundup of machine learning forecasts and market estimates for 2018

  • Machine learning patents grew at a 34% compound annual growth rate (CAGR) between 2013 and 2017, the third-fastest growing category of all patents granted
  • International Data Corporation (IDC) forecasts that spending on AI and ML will grow from $12bn in 2017 to $57.6bn by 2021
  • Deloitte Global predicts the number of machine learning pilots and implementations will double in 2018 compared to 2017, and double again by 2020

These and many other fascinating insights are from the latest series of machine learning market forecasts, market estimates, and...

By Louis Columbus, 01 March 2018, 0 comments. Categories: Applications, Data & Analytics, Economy, M&A, Software.

Cloudian touts record year as latest object storage release explores multi-cloud

Storage provider Cloudian says it has achieved record growth for the third year in a row, with revenues up in every geographic segment and particular expansion in Europe.

The company’s results ‘point to the exploding need for scale-out storage solutions in an era when artificial intelligence, machine learning, IoT, high-resolution video and other data-intensive applications require businesses to manage data that is growing at an unprecedented rate’, in Cloudian’s own words.

Cloudian...

By James Bourne, 19 February 2018, 0 comments. Categories: Economy, Software, Storage.

RightScale State of the Cloud 2018: Azure gains on AWS, enterprise cloud spend increases

Enterprise cloud spend is on the up while Microsoft Azure gains ground on Amazon Web Services (AWS), according to the latest RightScale State of the Cloud report.

The study, which polled almost 1,000 respondents, found that Azure enterprise adoption was at 58%, gaining around on AWS with 68%. For organisations who have just begun their cloud journeys (below), Azure leads AWS, in 49% and 47% implementation respectively.

By James Bourne, 13 February 2018, 0 comments. Categories: Amazon, Economy, Infrastructure, Microsoft, Research.

More organisations opting not to calculate cloud ROI, ISACA finds

An interesting series of findings from ISACA in its latest report: almost one in three organisations polled are not calculating return on investment in their cloud computing initiatives.

The findings, which appear in a report titled ‘How Enterprises Are Calculating Cloud ROI – And Why Some Enterprises Are Moving Ahead Without It’, reveal how companies are increasingly moving away from the ROI model. “If ROI is not calculated in advance of implementation, it becomes difficult to...

By James Bourne, 12 February 2018, 0 comments. Categories: Economy, Regulation, Research.