While many companies had started digital transformation journeys before the pandemic, COVID-19 revealed that there were holes in many of their cunning plans, according to a new report.
We thought it was supposed to be a money spinner
Google's cloud business reported operating loss of $5.61 billion in 2020. It brought in $13.06 billion in revenue for the year.
Skies the limit
The European Union aims to spend up to 10 billion euro ($11.7 billion) over the next seven years to help build up a homegrown cloud computing sector that could rival foreign corporations such as Amazon, Google and Alibaba.
Beat expectations is cool for Catz
Oracle beat expectations for what the cocaine nose jobs of Wall Street expected from its first quarter results and sending its shares up five percent on Thursday.
There needs to be a better plan
NTT's ‘2020 Global Network Insights Report’ has found that as businesses move applications to multi-cloud environments, investment in the cloud is outpacing organisations’ on-premises infrastructure spend.
Peak in demand following coronavirus
Alibaba said it will invest $28 billion in its cloud infrastructure over three years after a boom in demand for business software as the coronavirus outbreak peaked in China.
Azure not suffering from coronavirus blues
Software king of the world Microsoft said that its Azure Cloud has been growing like topsy since the coronavirus forced millions of people to work from home.
But it is taking longer than expected
Companies in Europe, the Middle East and Africa continue to view hybrid cloud as their “ideal” IT model, according to a new report.
$33.1 billion in revenue
Microsoft reported $33.1 billion in revenue for its fiscal 2020 first quarter, representing a 14 percent increase over the same period last year, and profits of $10.7 billion, up 21 per cent.
It would appear that companies are racking up high bills for using cloud service and it appears that the cost of shifting data from one cloud provider's servers to another provider, or to a company's own data centre is costing shedloads.