Financial

Amazon.com Announces Third Quarter Sales up 34% to $43.7 Billion

Grazed from Amazon

Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its third quarter ended September 30, 2017.

Operating cash flow increased 14% to $17.1 billion for the trailing twelve months, compared with $15.0 billion for the trailing twelve months ended September 30, 2016. Free cash flow decreased to $8.1 billion for the trailing twelve months, compared with $9.0 billion for the trailing twelve months ended September 30, 2016. Free cash flow less lease principal repayments decreased to $3.5 billion for the trailing twelve months, compared with $5.3 billion for the trailing twelve months ended September 30, 2016. Free cash flow less finance lease principal repayments and assets acquired under capital leases decreased to an outflow of $1.0 billion for the trailing twelve months, compared with an inflow of $3.8 billion for the trailing twelve months ended September 30, 2016.

Common shares outstanding plus shares underlying stock-based awards totaled 503 million on September 30, 2017, compared with 496 million one year ago.

22,000 Customers Now in the Kronos Cloud as Shift to SaaS Surges

Grazed from Kronos Incorporated

Kronos Incorporated today announced financial results, company advancements, and customer successes for the third quarter of Fiscal 2017. Kronos recognized revenue for the quarter was $332.8 million. Earnings before interest, tax, depreciation, and amortization (EBITDA) was $101.6 million.

"As we celebrate the 10th anniversary of the transition from being a public to a private company, our acceleration and pace of innovation continues," said Aron Ain, Kronos chief executive officer, who was again named to Glassdoor's prestigious Highest Rated CEOs list. "We had a strong third quarter, including capitalizing on our commitment to drive our industry's shift to SaaS, record quarters for our healthcare- and manufacturing-focused teams, and our best-ever quarter for large human capital management orders. I'm excited for our momentum to continue through our final quarter as we close in on our 40th anniversary."

Kronos Cloud, Shift to SaaS Continues to Transform the Business

 

SAP Lifts Sales Outlook, Buying Back Stock on Cloud Growth

Grazed from Bloomberg. Author: Editorial Staff.

Software giant SAP SE raised its annual revenue outlook and said it would buy back up to a half billion dollars in stock after reporting a better-than-expected jump in sales, lifted by a revamped version of its flagship software. The German maker of applications that run businesses’ finances, manufacturing and personnel is projecting sales of 23.3 billion euros ($26.8 billion) to 23.7 billion euros this year, based on constant currencies.

That’s up about a 100 million euros on both ends of its prior forecast. SAP is about to start a share buyback of up to 500 million euros this year, and it raising its outlook for cloud and software revenue. Shares of SAP fell 0.4 percent to 90.94 euros at 9:26 a.m. in Frankfurt. SAP had lost 2 percent since its first-quarter report April 25, while Germany’s 30-stock Dax Index was largely unchanged as of Wednesday’s close...

Trump presidency could 'cost the US cloud computing industry $10BN'

Grazed from IA. Author: Editorial Staff.

The US cloud computing industry stands to lose more than $10 billion by 2020 as a result of President Trump’s increasingly shaky reputation on data privacy, according to Meier.Despite only being in power since the start of 2017, Donald Trump has had a significant impact on the way America is viewed around the world.

In fact, the latest study from the the Pew Research Center highlights that just 22% of people have confidence in President Trump to do the right thing when it comes to international affairs, compared to 64% who felt they could trust Barack Obama.This coincides with a rapid increase in people expressing unfavourable opinions about the US more generally...

Amazon, Microsoft and Google’s financial results give an intriguing state of the cloud

Grazed from CloudTech. Author: James Bourne

Analysis April 27 saw Alphabet, Amazon and Microsoft release its most recent financial results, with cloud at the heart of their success. But this doesn’t quite tell the full story. Amazon reported net sales for Amazon Web Services (AWS) hit $3.66 billion (£2.83bn), up 42% from a year before, but up only 3.5% from the previous quarter’s $3.54bn.

Amazon’s cloud computing arm secured 12 bullet points of its own in the 32-point strong ‘highlights’ of the quarter, with particular reference to the general availability of Amazon Lex, the technology which powers Alexa, as well as Connect, the company’s cloud-based contact centre service. AWS also said that customers had migrated more than 23,000 databases using its database migration service since it had become available in 2016...

Loggly Closes 2016 with 99% Revenue Growth

Grazed from Loggly

Loggly, the leading cloud-based, enterprise-class log management solution provider, announced several key company milestones today. Revenue increased by 99 percent in 2016, aided by a significant shift in the proportion of enterprise-level customers. The company also launched a new brand identity and website reflective of its growth and market penetration in the enterprise tier.
 
Customers in the game development and entertainment industry, as well as software-as-a-service, marketing, finance software platforms and e-commerce sites, use Loggly as their cloud-based log management service to aggregate all of their log data and turn large datasets into valuable insights in real-time.
 

Oracle Turns A Corner As Cloud Revenues Boom, Earnings Top

Grazed from Investors. Author: Brian Deagon.

Database software provider Oracle (ORCL) reported fiscal third quarter earnings late Wednesday that cruised past estimates as the software giant's transition to a cloud-based model picks up momentum. Oracle reported non-GAAP revenue of $9.3 billion, just topping the consensus estimate of $9.25 billion and 3% above a year earlier. It reported earnings per share minus items of 69 cents a share excluding various items, up 8% vs. a year earlier beating the consensus estimate of 62 cents, as polled by Thomson Reuters.

Oracle sees fiscal Q4 down 1% to up 2%. The midpoint for a 0.5% rise would slightly exceed Wall Street forecasts for a 0.2% uptick to $10.618 billion. Oracle also sees Q4 EPS of 78-82 cents in constant currency, though it's unclear how that compares to analysts' target for 78 cents. The software giant also hiked its quarterly dividend to 19 cents a share from 15 cents...

Blue Medora's Cloud and Database Performance Monitoring Innovations Drives Record Annual Growth

Blue Medora announced yesterday continued strong growth with its sixth consecutive record-breaking quarter. Over the past year, Blue Medora grew its product business by more than 240 percent and increased their customer base by 200 percent.
 
Closing the year with strong Q4 performance, the company expanded the business 254 percent from the previous year, exceeding expected interest in SelectStar, Blue Medora's native database performance, analytics and health monitoring platform.
 

Why Banks are Moving to the Cloud - And Why You Should Too

Grazed from Business2Community. Author: Jim Crowley.

A major shift is taking place in banking right now. It’s a shift many banks have been pretty hush-hush about until now, and that naysayers said would never happen. Banks are rapidly testing and moving to the cloud. What happened in the past two years that changed how the banking industry approaches the cloud?

Two words: Capital One. In October 2015, Capital One’s CIO, Rob Alexander, revealed that the bank was all-in on AWS. They were one of the very first U.S. banks to not only commit to the cloud in a big way, but also to announce it loudly and proudly. Around the same time, World Bank, made a bold move. With Stephanie von Friedeberg, World Bank’s CIO, at the helm, the company quickly shifted from risk-averse, anti-cloud to pro-cloud by the company quickly shifted...

Read more from the source @ http://www.business2community.com/cloud-computing/banks-moving-cloud-01755332#jZ6Oq7xZqABg0LuM.99

CloudHealth Technologies Poised to Continue Its 2016 Growth Streak

Grazed from CloudHealth Technologies

The end of 2016 marks the strongest year yet for Cloud Service Management pioneer CloudHealth Technologies. After posting a 130 percent year-over-year revenue increase, more than doubling its customer base, and securing a $20 million Series C round in May, the company enters 2017 as business momentum is accelerating.

"CloudHealth has become an integral component of our customers' day-to-day operations," said Dan Phillips, CloudHealth Technologies CEO and co-founder. "It's extremely gratifying to see the platform solve their complexity challenges and deliver such strong business value. We continue to push customer-driven enhancements and services, which has been a key factor in our year-over-year growth."