Cloud Revenue

Gartner Says Public Cloud Revenue to Exceed $200 Billion in 2019

Written by David Marshall

In its latest forecast for the worldwide public cloud services market, analyst firm Gartner said it expects revenue to continue to grow by 17.3%, topping $206 billion next year.  That's up from $175.8 billion in 2018. 

The analyst firm points out that the fastest-growing segment of the market is cloud system infrastructure services (Infrastructure-as-a-service or IaaS), which includes the bulk of the public cloud services offered by companies such as Amazon Web Services Inc., adding that it will remain the fastest-growing individual segment in the market, growing by 27.6% in 2019 to reach $39.5 billion, up from $31 billion in 2018.

Moreover, Gartner said it expects that by 2022, 90% of organizations purchasing public cloud IaaS will do so from a company that integrates these offerings with platform-as-a-service products, using both capabilities from the same provider.

Riding Salesforce and Amazon's cloud to $1 billion

Grazed from CNBC. Author: Ari Levy.

At's annual cloud computing gala last month called re:Invent, recruiters from on-demand learning company Pluralsight were on the hunt for experts to teach coding. Pluralsight offers a library of over 5,000 online courses for software developers and IT pros to gain new skills, ranging from learning popular open-source languages and big data tools on Amazon Web Services to mastering the latest in cybersecurity and designing mobile games.

The explosive growth of technology platforms like AWS has driven Pluralsight's expansion, enabling the 12-year-old company to reel in a recent round of $30 million at a valuation exceeding $1 billion, CEO Aaron Skonnard told in an exclusive interview. Pluralsight, based near Salt Lake City, is using the cash as part of its push beyond individual subscriptions and into big businesses, where a host of new web and infrastructure technologies as well as cyberthreats are forcing developers into a constant state of learning...

Cloud Computing: Amazon Dashes High Expectations

Grazed from NasDaq. Author: Editorial Staff. Inc. on Thursday delivered the largest quarterly profit in its 20-year history, but investors apparently are thirsty for more after subsisting on thin margins for years. The failure to meet outsize expectations underscores the pressure Amazon now faces after teasing Wall Street in recent quarters with tighter costs and black ink. Amazon until recently put nearly every dollar it generated back into the business.

The company was one of the big growth stories among technology stocks in 2015, more than doubling its market value to over $300 billion last year and easily outperforming other tech giants like Alphabet Inc., Apple Inc. and Facebook Inc. With its $99-a-year Prime unlimited shipping program, Amazon has become a dominant force in retail and has demonstrated it can quickly gain market share in new businesses as diverse as cloud computing and hot-food delivery...

Amazon On Track To Exceed $7 Billion A Year In AWS Cloud Services

Grazed from Forbes. Author: TJ McCue.

Amazon’s “Amazon Web Services” (AWS) and Microsoft’s Azure are in a global land grab, according to cloud expert Adrian Cockcroft. He spoke at the annual Structure Conference last week, shared a tightly focused “state of the cloud” presentation, where he expressed that the tech and investor community is likely underestimating the potential of the AWS offering.

Sitting in the audience with my media pass, I listened attentively, as did 600 others, to Cockcroft’s current assessment and predictions of what’s to come for cloud computing. “Amazon could be growing even faster than current analyst projections of 80% per year,” Cockcroft said. He states that Amazon is in the lead; with Microsoft Azure in second, Google in third...

How much of Red Hat's $2 billion in revenue will come from cloud?

Grazed from Fortune. Author: Barb Darrow.

Red Hat, the company behind a flavor of the Linux operating system popular with businesses, should hit $2 billion in revenue this year, chief executive Jim Whitehurst told analysts on the company’s second quarter earnings call Monday. But how much of the pie will come from Red Hat Enterprise Linux (RHEL), OpenShift, or other products running in the cloud is an open question.

Some history: Red Hat RHT 0.00% which sells support and service for RHEL and other software, hit the $1 billion mark in 2012 making it what some called the first billion-dollar open-source company. And now, Red Hat, like every other tech company, is managing a shift in customer workloads from on-premises facilities to cloud deployment where the customer may not own or operate the servers running its workloads...

Outdated Channel Programs Leaves SMB Revenue Lost In the Cloud

Grazed from TheVarGuy. Author: Jeff O'Heir.

Vendors need to do a better job training its VAR partners on providing cloud services to SMBs. If not, the ire of dissatisfied end users will continue to hurt the channel. That’s the conclusion of a new report from ZS Associates called “Diamonds in the Rough: SMB Cloud Channel Preferences.”

The report’s intent is to assist vendors in identifying VARs with the background and expertise needed to help SMB customers choose, implement and maintain the right software-as-a-service (SaaS) and infrastructure-as-a-service (IaaS) solutions. The problem is that not enough of them exist to properly satisfy SMB demands for the latest cloud technologies...

Nvidia says it sees revenue from cloud computing at $1 bln within two-three years

Grazed from BusinessInsider. Author: Editorial Staff.

Chipmaker Nvidia Corp said it expects cloud computing revenue to hit $1 billion in the next two to three years, as demand for big data analysis drives growth in graphics chips. Cloud computing is the company's fastest-growing segment, with revenue increasing at about 60-70 percent a year, CEO Jen-Hsun Huang told reporters a day before Computex, Asia's largest technology trade show, opens in Taipei.

Nvidia makes chips for computing and gaming graphics, known as GPU, or graphical processing units. It has also been moving into automotive graphics in partnership with automaker Tesla Motors Inc. Cloud computing allows people to play graphics-heavy games over the Internet, Huang said. He also noted that the company's GPUs can now be used for a wide variety of applications, such as voice commands like those used by Apple Inc's Siri.

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How much money does Amazon make in the cloud? We’ll find out soon

Grazed from NetworkWorld.  Author: Brandon Butler.

While reporting its year-end financial results, CFO Tom Szkutak also announced something that will make cloud-watchers giddy: The company plans to officially break out the financial results for its Amazon Web Services cloud computing division beginning next quarter.

AWS has been anointed the leader of the IaaS cloud market for its breadth and depth of products and services, plus its massive scale - Gartner estimated last year that its cloud was five times larger than all of its competitors at the time, combined! Given that lead, AWS is also thought to be the leading revenue generator in the IaaS market. But no one knows for sure...

Microsoft: Cloud, Surface Rise While Profits Fall

Grazed from InformationWeek.  Author: Kelly Sheridan.

Microsoft's most recent earnings report indicates a fall in quarterly profit due to restructuring expenses and tax adjustments. While revenue increased 8% from the same quarter a year ago, net income fell by 10%. However, sales of its Surface tablet and the company's cloud computing business offered some bright spots.

The tech giant reported revenue of $26.47 billion during its quarterly earnings calls on Jan. 26. Microsoft's profit had fallen from the previous year, with numbers clocking in at $5.86 billion, or $0.71 per share, compared with $6.56 billion during the same quarter the previous year...

IBM Cloud Revenue Hit $7B In 2014

Grazed from TalkinCloud. Author: CJ Arlotta.

International Business Machines Corp. (IBM)'s decision to focus most of its efforts on cloud, analytics, mobile, social and security seems to have been the right one. Headquartered in Armonk, New York, Big Blue on a Tuesday earnings call with investors said its total cloud revenue for fiscal year 2014 hit $7 billion, up 60 percent from the prior-year period.

“We are making significant progress in our transformation, continuing to shift IBM's business to higher value, and investing and positioning ourselves for the longer term," said Ginni Rometty, IBM chairman, president and chief executive officer, in a statement. Big Blue also reported that its cloud delivered as a service revenues of $3 billion are up approximately 75 percent year over year...