Global cloud IT infrastructure revenues hit $8 billion in Q1 2017, says IDC

Grazed from CloudTech. Author: James Bourne.

Global cloud IT infrastructure revenues hit $8 billion (£6.2bn) in the first quarter of 2017 going up almost 15% year over year – with Cisco the big winners, according to IDC. The analyst firm has put out the latest figures on its Worldwide Quarterly Cloud IT Infrastructure Tracker (below), and found Dell and Hewlett Packard Enterprise (HPE) could not be separated at the top, with Cisco behind.

The two main players saw their revenues dip compared with this time last year; Dell hit $1.289bn compared to HPE with $1.118bn, with a decrease in revenue of 0.2% and 8.6% respectively, while Cisco, in third with $902 million, saw its revenue go up 8.7%. It’s worth noting at this juncture that despite the disparity IDC declares a statistical tie if there is a difference of one percent or less between vendor revenues...

It’s also worth noting that HPE’s revenues are combined, as of Q216, with the New H3C Group, a venture announced in May last year between HPE and Tsinghua Holdings...

Read more from the source @ https://www.cloudcomputing-news.net/news/2017/jul/03/global-cloud-it-infrastructure-revenues-hit-8-billion-q117-says-idc/