The IBM Q1 earnings announcement yesterday reveals that while IBM’s cloud business almost reached $20 billion in revenue for the 12 months ending March 31, its growth rate is lagging significantly behind those of all of IBM’s major cloud competitors.
After we recently posted our list of the 10 largest cloud vendors by revenue, some readers asked about growth rates among the Cloud Wars Top 10. Since we’re always eager to engage with such questions, here are some compelling figures on the major cloud vendors’ growth rates.
As one of the greatest growth markets in the tech industry’s history is just beginning to hit its stride, the 10 biggest enterprise-cloud vendors racked up total revenue of almost $120 billion during 2018, led by #1 Microsoft at $32.2 billion, #2 Amazon at $25.7 billion, and #3 IBM at $19.2 billion. The biggest surprise
While many SaaS vendors are performing extremely well these days in the Cloud Wars, the largest of them all by far, Salesforce, continues to execute at a pace and on a scale that others can so far only dream about. Having just closed the books on $13-billion year, and with plans to double that in
Microsoft’s powerful hold on the #1 spot in the Cloud Wars has been driven by not only its highly differentiated technology but also by a truly transformational go-to-market strategy that’s turning traditional roles, expectations and outcomes upside-down. At a time when—c’mon, say it with me!—”every company is now a technology company,” then what those companies currently
For reasons I can’t fully fathom, many folks in and around the tech business continue to believe—mistakenly—that Amazon is the king of the enterprise cloud, when in fact Microsoft’s cloud business is significantly larger than Amazon’s and is growing more rapidly. Those aren’t opinions, they’re not estimates, and they’re not interpretations: those are facts. So
While parent company Alphabet continues to decline to offer specific details about the revenue totals or growth rates for its Google Cloud business, Alphabet CFO Ruth Porat this week disclosed that Google Cloud has had some number of $100-million-plus deals and is one of the fastest-growing businesses within Alphabet. “We’re also seeing a really nice
While ServiceNow continues to grab lots of well-earned attention for its steep revenue growth, the really interesting story for the company is how it’s creating an entirely new category within the crowded SaaS marketplace by interconnecting the siloed workflows that other SaaS products are creating. As ServiceNow posted Q4 revenue growth of 35% and projected ongoing
Delivering hypergrowth in the cloud as its traditional business begins to decline, SAP today predicted that its cloud revenue will triple over the next three years with the addition of its Qualtrics acquisition and the emergence of the “experience economy.” “With Qualtrics joining SAP, we are now poised to revolutionize the business software industry with
IBM made its unconditional and end-to-end commitment to a hybrid-cloud future unmistakably clear during its quarterly earnings call this week as CFO Jim Kavanaugh dropped the H-bomb 28 times. Kavanaugh tied hybrid cloud’s virtues to everything from customer innovation and productivity to every positive element in IBM’s strong fourth-quarter performance. So while I wasn’t at