Collaborate Disseminate
A couple of months ago at CNBC’s Transform conference, IBM CEO Arvind Krishna painted a picture of a company in the midst of a transformation. He said that he wanted to take advantage of IBM’s $34 billion 2018 Red Hat acquisition to help customers manage a growing hybrid cloud world, while using artificial intelligence to […] Continue reading IBM transformation struggles continue with cloud and AI revenue down 4.5%
Today after the bell, Salesforce reported its third-quarter earnings for its fiscal 2021, a period that ended October 31, 2020. The CRM giant reported top-line revenue of $5.42 billion, up 20% from the year-ago period. Salesforce also had net income of $1.08 billion and earnings per share of $1.15. Analysts had expected the company to […] Continue reading Salesforce beats growth expectations, as investors digest the Slack acquisition
When Alibaba entered the cloud infrastructure market in earnest in 2015 it had ambitious goals, and it has been growing steadily. Today, the Chinese ecommerce giant announced quarterly cloud revenue of $2.194 billion. With that number, it has passed IBM’s $1.65 billion revenue result (according to Synergy Research market share numbers), a significant milestone. But […] Continue reading Alibaba passes IBM in cloud infrastructure market with over $2B in revenue
SAP announced its Q3 earnings yesterday, with its aggregate results down across the board. And after missing earnings expectations, the company also revised its 2021 outlook down. The combined bad news spooked investors, crashing its shares by over 20% in pre-market trading and the stock wasn’t showing any signs of improving in early trading. The […] Continue reading SAP shares fall sharply after COVID-19 cuts revenue, profit forecast at software giant
Box has always been a bit of an enigma for Wall Street and perhaps for enterprise software in general. Unlike vendors who shifted tools like HR, CRM or ERP to the cloud, Box has been building a way to manage content in the cloud. It’s been a little harder to understand than these other enterprise […] Continue reading Box benefits from digital transformation as it raises its growth forecast
Salesforce launched in 1999, one of the early adherents to what would eventually be called SaaS and cloud computing. On Tuesday, the company reached a huge milestone when it surpassed $5 billion in revenue, putting the SaaS giant on a $20 billion run rate for the first time. Salesforce revenue has been on a firm […] Continue reading How Salesforce beat its own target to reach $20B run rate ahead of schedule
The ransomware has surged since moving to a RaaS model. Continue reading NetWalker Ransomware Rakes in $29M Since March
The cloud market is coming into its own during the pandemic as the novel coronavirus forced many companies to accelerate plans to move to the cloud, even while the market was beginning to mature on its own. This week, the big three cloud infrastructure vendors — Amazon, Microsoft and Google — all reported their earnings, […] Continue reading Even as cloud infrastructure growth slows, revenue rises over $30B for quarter
Microsoft has posted healthy numbers yet again for its earnings even with the headwinds of COVID-19.
The post Microsoft’s Financials Remain Healthy in Q4 Earnings appeared first on Petri.
Continue reading Microsoft’s Financials Remain Healthy in Q4 Earnings
After going private in 2016 after accepting a $32 per share, or $4.3 billion, price from Apollo Global Management, Rackspace is looking once again to the public markets. First going public in 2008, Rackspace is taking second aim at a public offering around 12 years after its initial debut. The company describes its business as […] Continue reading Rackspace preps IPO after going private in 2016 for $4.3B