ARCHITECHT Daily: It's earnings and IPO season for cloud and Cloudera
Earnings season is upon is, and if you’ve been looking for a reason to suggest that Microsoft Azure might give Amazon Web Services a run for the money, you might finally have a financial one. CNBC has a good, brief rundown of the big three cloud players
, but here’s the gist:
- AWS brought in $3.66 billion in revenue, which was up 42 percent from last year. However, year-over-year growth dropped from last year’s first quarter.
- Microsoft’s “Intelligent Cloud” unit, which includes Azure, grew 11 percent, to $6.8 billion. Microsoft doesn’t break out Azure revenue specifically, but said Azure saw a 93 percent increase in revenue over last year.
- Google Cloud is buried somewhere in “Other Bets” on Alphabet earnings, a segment that grew 50 percent to $3.1 billion.
Here’s a little more info on AWS
. If their respective declines and increases in cloud-revenue growth continue for a year, we’ll really have something to talk about.
Of course, the other big financial news on Thursday was that Cloudera priced its IPO at $15 per share
, giving it a target raise of $225 million and a target valuation of $1.92 billion. (It’s trading at $18.85 as I type this.) A lot has been made about Cloudera not living up to its $4 billion valuation post-Intel-funding a few years ago, but there’s a counter-argument that people should judge the IPO against Cloudera’s pre-Intel valuation of $1.8 billion, because Intel did not invest as a moneymaking venture. Here’s a good story explaining that rationale
, and breaking down the competitive landscape.
Either way, it’s trading now and we’ll get to talk about this every quarter.