Alibaba Cloud posts $2.2bn revenues as company says growth is still early

Alibaba Cloud has posted revenues of $2.2 billion (£1.67bn) for its most recent quarter - with group CEO Daniel Zhang saying the cloud business is still in an 'early stage of growth.'

The retail giant's cloud computing arm saw year on year growth of 60%, with the company adding its predominant growth was in customers from the internet, finance and retail industries.

Speaking to analysts following the announcement, Zhang noted the company's previous assertion, on...

From capex to opex: Ensuring the cloud shift optimises costs

The pandemic has thrown many organisations’ three- or five-year IT planning cycles into disarray. The sudden need to switch entire office-based workforces to remote working means that many organisations have had to invest heavily in software and infrastructure as a service to ensure they can keep operating. At the same time, many have faced reduced income as the economy contracts. As a result, switching to a predictable opex-based strategy seems highly attractive.

However,...

Google Cloud hits $3.44bn in latest revenues – as more detail is promised for future quarters

Google Cloud has posted $3.44 billion (£2.62bn) in its third quarter revenues at a growth of 44% year over year - but future earnings releases will see more detail as the company looks to convince investors and prospects of its progress.

Total revenues for Alphabet were $46.17bn for the most recent quarter, up 14% from this time last year, with Google Cloud comprising 7.5% of all revenue generated. Google Cloud revenues were up 14% on the previous quarter, having broken the $3bn...

AWS posts $11.6 billion revenues in record-breaking quarter, up 29% year on year

Amazon Web Services (AWS) secured revenues of $11.6 billion (£8.94bn) for its most recent quarter comprising 12% of Amazon's overall revenue and the largest in absolute figures ever posted.

AWS revenue for the third quarter was up 29% compared to the previous year, and up from $10.8bn for the previous quarter. For nine months' revenue, up to $32.6bn from $25.1bn, this represented a 30% uptick. Total Amazon revenues were at $96.1bn.

In terms of wider revenues, Amazon...

Microsoft sees strong growth in latest financials – as analyst puts Azure bigger than Windows for first time

Microsoft has reported revenues of $37.2 billion (£28.8bn) for its most recent quarter with Azure revenue growth at 48% - as one analyst argued Azure has overtaken Windows numbers for the first time.

The nuts and bolts of the earnings release did not differ from the norm. The headline for the earnings release, 'Microsoft Cloud Strength Fuels First Quarter Results', conforms to the usual template which this publication noted this time last year: 'Microsoft Cloud [noun] [verb]...

Microsoft adds Austria cloud data centre region to European footprint

Microsoft has announced it is building its first data centre region in Austria to continue its European expansion - two weeks after the company unveiled plans to expand in Greece.

The announcement, which was made at the Austrian Federal Chancellery, has the hallmarks of similar moves. Alongside building a cloud data centre region, Microsoft will build a centre of digital excellence, as well as look to train approximately 120,000 Austrian citizens in digital skills by...

How DevOps adoption – and its ecosystem – has increased during Covid: The VC perspective

A new report from venture capital and M&A data provider PitchBook has explored how DevOps tools will continue to blossom in developer and enterprise contexts - as well as how Covid-19 has quickened digital transformation.

The company's latest quarterly emerging tech report on cloud tech focused on an overview of technologies related to DevOps as it sees opportunities in 'broader organisational efforts to make complex systems, workflows and other processes more cohesive,...

You can have the power: Analysing the SAP HANA on IBM Power offering

Reading all of the branded hype around unusual and unprecedented times, the new normal and having to adjust? Whatever your opinion, we all know what has occurred and the dramatic impact it has had around the world, not only on economies and businesses, but also the people and the mindsets we all find ourselves in.

Businesses are having to make hard decisions, forced to adjust to the new world we find ourselves in and to pivot quickly again - and again - to make changes that affect...

Alibaba Cloud posts $1.75bn revenues at 59% yearly growth rate, cites Asia Pacific dominance

Alibaba Cloud has secured almost $1.75 billion (RMB 12,345bn) in revenues for its most recent quarter at a growth rate of 59% year over year.

The eCommerce giant, whose cloud division broke the $1.5bn mark in February, attributed the figures to increased contributions from its public and hybrid cloud businesses, reflecting higher average revenue per customer.

Total revenue for the wider company for the quarter ended June 30, 2020, was $21.76bn (RMB153,75bn) at an...

How IT spending has changed during Covid-19: Three insights from recent surveys

The Covid-19 pandemic has to date killed more than 700,000 people while unleashing the deepest economic recession since the Second World War. The World Bank forecasts the global economy will register a negative growth of 5.2% in 2020, disrupting the livelihoods of millions of global citizens.

The pandemic has also brought profound changes for information technology (IT) teams. Long viewed as the back office, IT departments have had to play a crucial role in helping their...