News (810)
Google Cloud: A Profitable Quarter with Strong Revenue Growth
Google Cloud, the cloud computing division of Alphabet Inc., has reported an impressive second quarter, showcasing remarkable growth in both operating profits and revenue. With a significant boost in operating profits to $395 million, compared to a loss of $590 million in the same quarter last year, Google Cloud is positioning itself as a formidable player in the cloud computing market. In line with its parent company Alphabet’s quarterly earnings, Google Cloud’s operating profits for the second quarter mark a substantial improvement. This follows its first-ever profit of $191 million in the previous quarter. The company’s revenue also experienced a notable rise, reaching over $8 billion, representing a 28% increase from the previous year. During a conference call with analysts, Sundar Pichai, the CEO of Google and Alphabet, attributed the growth to several factors. One key driver was the increased utilization of Google Cloud’s infrastructure by customers for training and delivering generative AI models. Pichai emphasized that the demand for generative AI is expanding their total addressable market and attracting new customers. Google Cloud’s strong financial performance reflects its growing market share in the cloud computing industry. The company’s success is not an isolated case, as other tech giants such as Microsoft and Amazon have also reported strong growth in their cloud computing divisions.
Read more...6 Cloud Computing Companies Navigating the Digital Storm in 2023
As businesses and federal government agencies increasingly rely on cloud technologies to fuel innovation, streamline operations, and enhance scalability, the demand for agile cloud computing services skyrocketed. This surge in demand has challenged cloud computing companies to stay ahead of the competition and deliver exceptional services. In this article, we will delve into the influential cloud computing companies harnessing the power of cloud technology. Cloud computing refers to the convenient delivery of IT resources via the internet, encompassing a range of services like data storage, servers, databases, networking, and software.
Read more...13 Companies Making Waves in Cloud Computing for 2023
Gone are the days of manually storing, organizing, and processing data for various missions. Cloud computing services have made it more convenient and efficient for private companies and federal agencies to keep their crucial information from prying eyes and deploy their data and strategies during critical missions for multiple domains. Cloud computing wouldn’t be possible without the innovative and impactful work of companies engineering solutions tailored to their clients’ needs. Here are some of the companies, in no particular order, that have influenced the cloud computing landscape in 2023. This article was written by Gayle Barnachea and was originally published on Digital News Coverage of Government Contracting and Federal Policy Landscape.
Read more...Quantum Cloud Computing Service Market Forecast 2023-2030
The Global "quantum cloud computing service market" 2023-2030 report provides an in-depth analysis of the market size, trends, competitive landscape analysis, and expansion status of key regions. The report evaluates the progress of the top players in the market such as IBM, D-Wave Systems, Microsoft, and Amazon. It also provides valuable insights to businesses seeking to increase their market growth and success. This report is sourced from MENAFN.COM.
Read more...Ideal Integrations Expands Cloud Computing and Cybersecurity Portfolio with Acquisition of thinkCSC
Ideal Integrations, a leading provider of cloud computing and cybersecurity solutions, has announced the successful acquisition of thinkCSC, a Columbus, Ohio-based prominent cloud computing company. This strategic move is set to significantly strengthen Ideal Integrations' market position and ensure that organizations can leverage cutting-edge technologies while receiving unparalleled support. Through this acquisition, Ideal Integrations will leverage thinkCSC's talented team of professionals, who possess in-depth expertise and a passion for delivering personalized solutions. The company will also benefit from thinkCSC's extensive network of partners, which will enable it to offer a broader range of services and solutions to its customers.
Read more...First Trust Cloud Computing ETF (NASDAQ:SKYY) Shares Sold by Stratos Wealth Partners LTD.
Stratos Wealth Partners LTD. reduced its stake in First Trust Cloud Computing ETF (NASDAQ:SKYY) by 16.7% in the first quarter, according to a filing with the Securities and Exchange Commission. The institutional investor owned 24,458 shares of the company’s stock after selling 4,911 shares during the period. Several other hedge funds also recently modified their holdings of the company. First Horizon Advisors Inc. increased its stake in shares of First Trust Cloud Computing ETF by 3,750.0% during the 4th quarter. Luken Investment Analytics LLC purchased a new stake in First Trust Cloud Computing ETF during the fourth quarter valued at about $34,000. Worth Asset Management LLC acquired a new stake in First Trust Cloud Computing ETF during the first quarter worth about $34,000. Concord Wealth Partners purchased a new position in shares of First Trust Cloud Computing ETF in the 4th quarter worth about $44,00.
Read more...Akamai Charts Course for the Next Decade of Cloud Computing
Akamai Technologies, Inc. announced a new set of sites, services, and capabilities that will shape the future of cloud computing for the next decade. The company provides cloud services, such as search, analytics, and market data, as well as currency and forex trading, commodities, ETFs, and cryptocurrencies. Akamai also offers a range of indexes, including the S&P 500, Dow Jones, Nasdaq 100, TSX Composite, FTSE 100, DAX, and CAC 40. The company's new capabilities will enable customers to leverage the power of the cloud to create more efficient, secure, and reliable applications.
Read more...AI Is Driving an Uptick in Cloud Computing Demand
According to MarketWatch, artificial intelligence (AI) is driving an increase in demand for cloud computing services, which is good news for Amazon. AI is being used in a variety of applications, such as facial recognition, natural language processing, and autonomous vehicles. As the demand for AI-driven applications increases, so does the need for cloud computing services. Amazon is well-positioned to capitalize on this trend, as it is the world's largest provider of cloud computing services.
Read more...Impact Of Marginal Cost In Multi-Cloud Computing In The US
Cloud computing has been a driver of cost savings over on-prem IT infrastructure and has become a leading source of IT spending. However, lately, this theory is being challenged due to ballooning cloud costs. In this article, Sandeep Shilawat, a renowned tech innovator, thought leader and strategic advisor in U.S. federal markets, examines the economic impact of the marginal cost of multi-cloud computing, explores how marginal costs can be reduced to near zero and analyzes how the complexity of multi-cloud environments is affected.
Read more...Compute And Storage Infrastructure Will Prevail Over Next Decade
The EDGEDATA-CM project, led by Antonio Fernández Anta from the IMDEA Networks Institute, has worked to propose new architectures and hybrid solutions that combine edge computing, fog computing, cloud computing, and blockchain. This project is focused on the development of a new computing infrastructure for highly decentralized hybrid systems, which combines the advantages of edge computing and cloud computing.
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