Box announces strong financial figures, raises forecast

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Enterprise cloud storage provider Box has announced first quarter revenue figures of $65.6 million, a 45% increase year over year.

The company noted billings of $69.8m for the first quarter of fiscal 2016 and a non-GAAP operating loss of $32.6m – 50% of revenue. This contrasts with first quarter of fiscal 2015, whereby non-GAAP operating loss was 69% of revenue. GAAP operating loss for this quarter was at 71% of revenue, compared to the previous year’s 83%.

Box also gave an...

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

Number of cloud apps in the enterprise declines for first time – is IT fighting back?

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The average number of cloud apps used per enterprise has declined for the first time, according to the latest data from Netskope.

This shift – which the company notes is “consolidation efforts from IT begin[ning] to take hold” – is exacerbated by the lack of enterprise-grade security in most cloud apps. 89.6% of apps used are not enterprise-ready, and 90% of data loss prevention violations occur in cloud storage apps.

The latter point is of most concern....

By James Bourne, 10 June 2015, 0 comments. Categories: Adoption, Enterprise, Privacy, SaaS , Software, Storage.

Enterprise recognises need to move from public storage to private cloud

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Employees at more than half (55%) of organisations use public file, sync and share (FSS) services. Yet almost three quarters (73%) said they were looking for or had implemented an alternative, according to a new report from CTERA.

More than half (59%) of that number said they favoured a private cloud FSS solution run either on hosted infrastructure or in their own data centre.

35% of organisations have experienced corporate data leakage in 2014 as a result of employees sharing files via...

By James Bourne, 02 June 2015, 0 comments. Categories: SaaS , Security, Software, Storage.

Cloud playing a more significant role in day to day work for SMB employees

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Workers in small to medium businesses (SMBs) feel happier and more productive when using cloud apps in their day to day work, according to new research from Kronos.

The study, which focused on 1000 European knowledge workers in SMBs, notes how late many small businesses are in moving to the cloud, arguing SMB leaders are “yet to realise [its] strategic value”. Yet almost two thirds (63%) believe the majority of their...

By James Bourne, 08 May 2015, 6 comments. Categories: Adoption, Applications, Migration, SaaS , Software.

The top 100 cloud-based enterprise software startups of 2015

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Investments in emerging enterprise software companies increased 53% from Q3 to Q4, 2014  according to MoneyTree Report, a collaborative research initiative between PricewaterhouseCoopers and the National Venture Capital Association.  A graphic from the latest available data shows how software investments were 39% of all investments in Q4, 2014.

To determine which enterprise software

By Louis Columbus, 07 April 2015, 0 comments. Categories: Enterprise, SaaS , Software.

The Box advantage: Growth, predictability and competitiveness

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Although Box’s stock value has had its ups and downs since its IPO in January, going public sent an important signal to investors. Aaron Levie has demonstrated that a subscription-based service is now the only viable business model in the technology industry today.

When Salesforce debuted in 2004, there was very little market awareness of recurring revenue-based business models. They were mostly associated with print media and telecoms. Eight years later, Workday’s successful...

By Tien Tzuo, 31 March 2015, 0 comments. Categories: Economy, SaaS , Software, Storage.

Oracle CTO Ellison slams Salesforce in cloud financial results discussion

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After 27 years at the top, it remains a slight culture shock to note Larry Ellison as Oracle’s chief technical officer. But despite this he’s still stealing the headlines, by telling analysts in an earnings call his belief that Oracle will sell more new SaaS and PaaS business than Salesforce in 2015.

As reported by Seeking Alpha, Ellison told...

By James Bourne, 20 March 2015, 0 comments. Categories: Economy, PaaS, Platform, SaaS , Salesforce, Software.

Finland has biggest take up of cloud computing services in EU, research reveals

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Finland has the highest proportion of enterprises in the EU using cloud computing, according to figures from Eurostat.

The findings from the European Union’s statistical office, from December 2014, saw more than half (51%) of Finnish enterprises in the cloud. Nordic and Benelux countries typically scored highly, with Sweden and Denmark in the top four and Netherlands and Belgium in the top 10. 24% of UK enterprises use cloud computing services.

Overall, 10 nations are ahead of the...

By James Bourne, 17 March 2015, 0 comments. Categories: Adoption, Europe, Research, SaaS , Software.

Moving the help desk to the cloud: Companies reticent to adopt SaaS models

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More than two thirds of respondents in a survey from Software Advice currently use on-premise help desk systems despite the prevalence of cloud-based systems in the market.

68% of the more than 200 IT staff and management respondents have on-prem deployments compared to 18% utilising vendor-hosted cloud and 13% hosting on a leased server.

The most frequently used help desk software functionality, according to those polled, is ticket...

By James Bourne, 09 March 2015, 0 comments. Categories: CRM, SaaS , Software.

Salesforce delivers another billion dollar quarter, $5bn in annual revenue, shares skyrocket

Picture credit: Salesforce

Cloudy software provider Salesforce has announced its latest financial results, with $5.37bn (£3.46bn) in total annual revenue and another billion dollar quarter.

The results were in line with Wall Street’s expectations, with earnings per share at $0.14 and a year on year growth of 26.1%.

It certainly seems a long way since 2009, when Salesforce’s first billion dollar annual figures arrived, and late 2013, when the first billion dollar quarter arrived. CEO Marc...

By James Bourne, 26 February 2015, 0 comments. Categories: SaaS , Salesforce, Software.