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 m
ARCHITECHT
ARCHITECHT Daily: It's earnings and IPO season for cloud and Cloudera
By ARCHITECHT • Issue #65 • View online
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 and Microsoft. If their respective declines and increases in cloud-revenue growth continue for a year, we’ll really have something to talk about.
Intel had a record quarter in terms of revenue, but missed expectations. Its Data Center Group saw revenue increase 6 percent to $4.2 billion.
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.

Sponsor: Cloudera
Sponsor: Cloudera
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ARCHITECHT delivers the most interesting news and information about the business impacts of cloud computing, artificial intelligence, and other trends reshaping enterprise IT. Curated by Derrick Harris.

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