News Formal

Earnings Show Growth in Public Cloud Market

  • 📰 ForbesTech
  • ⏱ Reading Time:
  • 43 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 59%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Steve McDowell is principal analyst and founding partner at NAND Research. Steve is a technologist with over 25 years of deep industry experience in a variety of strategy, engineering, and strategic marketing roles, all with the unifying theme of delivering innovative technologies into the enterprise infrastructure market.

The top three public cloud providers each released earnings last week. Let’s look at what their earnings tell us about the state of the public cloud market.AWS reported a 12% year-over-year growth in Q3, with $919 million in incremental quarter-over-quarter revenue. This revenue growth is among the highest in the industry.

Overall, AWS is seeing a stabilization of its year-over-year growth rate and a notable reduction in customer optimization levels. The company attributes its optimism to its extensive functionality, robust partner ecosystem, security, customer-focused approach, and the ongoing shift of IT spending from on-premises to the cloud.

In the on-premises server business, flat revenue growth is expected, driven by hybrid demand in multi-cloud environments, while Enterprise and Partner Services revenue may decline moderately. Google has also been steadily building its AI capabilities. Its Vertex AI platform, for example, helps customers build, deploy, and scale AI-powered applications, offering more than 100 models and tools for various use cases. The number of active generative AI projects on Vertex AI grew significantly from Q2 to Q3.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 318. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks like Rivian are a table-pounding buy ahead of earnings, analysts sayWall Street analysts highlighted a slate of stocks to buy ahead of earnings.
Source: CNBC - 🏆 12. / 72 Read more »

Jobs and earnings are major themes next week as we consider more portfolio movesWe see opportunities in an oversold market and will continue to be on the lookout as the earnings season continues.
Source: CNBC - 🏆 12. / 72 Read more »

Earnings playbook: Your guide to trading another busy week of reports, including Apple and PfizerAbout 30% of the S&P 500 is set to report earnings this week, brining the reporting past the halfway mark.
Source: CNBC - 🏆 12. / 72 Read more »

Earnings calls reveal how companies ranging from Coca-Cola to JPMorgan are capitalizing on AITechnology isn't the only industry poised to benefit from the AI boom. How companies beyond the sector are harnessing emerging tools.
Source: CNBC - 🏆 12. / 72 Read more »

Big Tech earnings have been strong, but Apple is about to answer the thousand-dollar questionEarnings Watch: Nearly half of the S&P 500 has reported results, and Apple, AMD, and PayPal will highlight the week ahead
Source: MarketWatch - 🏆 3. / 97 Read more »