IBM Shares Rise on Plans to Spin off its IT Infrastructure Unit and Focus on the Cloud BusinessCloud computing and public cloud just got more exciting and more competitive. The year 2020 has seen a massive shift towards public cloud adoption. In an industry where everyone is increasingly turning their gaze toward the public cloud, IBM revealed its intention to spin off its IT infrastructure unit into "a new publicly traded company.” In short, the aim is to focus their legacy business more on cloud computing. IBM also revealed that it’s going to manage and modernize client-owned infrastructures. This is something the company sees as “a $500 billion market opportunity.” Other technology and solutions which include products from company Red Hat (recently bought by IBM) produced an impressive $5.75 billion in revenue in its second quarter of 2020, surpassing analysts’ forecasts. “We believe we can deliver strong growth within the company with the financial flexibility we will create with this transaction,” CEO Arvind Krishna explained to CNBC’s “Squawk on the Street.” Read the full story at CNBC.
Google Cloud’s Run Rate is Now Over $8BTraditionally, Google does not divulge crucial financial information regarding its cloud business. However, that tradition changed recently, when the industry giant revealed their cloud business unit boasts a significant $8 billion annual revenue run rate, marking a huge rise from their $4 billion reported back in 2018. The news comes straight from Google CEO Sundar Pichai. While not dominant in the public cloud race, Google is beginning to catch up to its main competitors, Microsoft and AWS. Just to give you a better idea of how things are on the current market, AWS had a run rate of $30 billion during the last quarter, while Microsoft Azure ended up at approximately $11 billion. “Q2 was another strong quarter for Google Cloud, which reached an annual revenue run rate of over $8 billion and continues to grow at a significant pace,” Pichai revealed. “Customers are choosing Google Cloud for a variety of reasons: reliability and uptime are critical. Retailers like Lowe’s are leveraging the cloud as one of the important tools to transform their customer experience and supply chain.” Catch the rest of the story at TechCrunch.
Microsoft Partners Expand the Range of Mission-critical Apps You Can Run on AzureFor years now, Microsoft Azure has been expanding its partner ecosystem. Now, they are enabling thousands of organizations to bring their mission-critical applications to Azure. What this means is in order to meet the market demand, and with an increasing amount of businesses taking the road of digital transformation, more and more solutions are coming to Microsoft’s Azure package. “As a result, the definition of mission-critical applications is evolving and goes well beyond systems of record for many businesses. It’s part of why we never stopped investing across the platform to enable you to increase the availability, security, scalability, and performance of your core applications running on Azure. The expansion of mission-critical apps will only accelerate as AI, IoT, analytics, and new capabilities become more pervasive,” claims MS in a post. Right now, they are going beyond Azure services and capabilities with even more offerings. Find out more, over at MS.
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