Talkin’ Cloud 100 Update: IBM, Microsoft, Google And Amazon Report Earnings
IBM (IBM), Google (GOOG), Microsoft (MSFT) and Amazon (AMZN) reported earnings this month. Some did well while others could have done better. The one thing they all have in common is they ranked in the top 10 on the Talkin’ Cloud 100, a list of the world’s top cloud service providers, aggregators, brokers and more. Who are some of the top players on our list that will be releasing earnings in February? Salesforce.com (CRM) and Rackspace (RAX) both report earnings next month.
Here’s what you need to know about CSPs who reported earnings in January.
IBM: Cloud Revenue Hit $7B In 2014. IBM’s decision to focus most of its efforts on cloud, analytics, mobile, social and security seems to have been the right one. Headquartered in Armonk, New York, Big Blue on an earnings s call with investors said its total cloud revenue for fiscal year 2014 hit $7 billion, up 60 percent from the prior-year period.
The company reported its revenue for Q4 to be $24.1 billion, down 12 percent from the year-ago quarter. IBM’s revenues have declined for the 11th consecutive quarter. IBM’s Q4 net income dropped to $5.5 billion, down 11 percent from Q4 2013.
IBM employees this week began reporting layoffs.
Microsoft: Commercial Cloud Revenue Up 114%. Microsoft’s commercial cloud revenue rose 114 percent in the fiscal 2015 second quarter, marking its sixth consecutive quarter of triple-digit commercial cloud revenue growth. The technology giant’s commercial cloud revenue is now on an annualized revenue run rate of $5.5 billion too.
Overall, Microsoft recorded $26.5 billion in total revenue in FY15 Q2, and Nadella said he believes that his company will continue to make progress toward becoming “the productivity and platform company with a mobile-first, cloud-first world.”
Click here for Talkin’ Cloud’s Top 100 CSP list
Surprise! Amazon cloud shows growth in Q4. This probably wasn’t a surprise to many, but Amazon Web Services (AWS) contributed to Amazon’s success this quarter, usage grew almost 90 percent compared to the same quarter a year ago. Amazon reported revenues of $29.33 billion, a 15 percent year-over-year increase. For Q4, Amazon’s service revenues hit $6.2 billion, up 38 percent year over year.
Google misses on earnings, blames strong dollar. For Q4, the tech giant’s revenue rose to $18.1 billion from $16.86 billion a year ago, an increase of 15 percent. Net income in the quarter was $4.76 billion, up from $3.38 billion in Q4 of 2013. Google’s revenue for 2014 was $66 billion, up 19 pecent year on year.
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