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Google Cloud growth slows as Alphabet net income plunges

CIO

Even though Google Cloud revenue growth showed signs of slowing, it nevertheless provided something of a bright spot as parent company Alphabet — hit hard by the tightening of customer budgets — posted a year-over-year decline in net income for its 2022 fourth quarter. Net income (profit) was $13.6 billion to $2.3

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AWS vs. Azure vs. Google Cloud: Comparing Cloud Platforms

Kaseya

But, what exactly is a cloud service provider? As the name suggests, a cloud service provider is essentially a third-party company that offers a cloud-based platform for application, infrastructure or storage services. It is one of the most comprehensive and broadly adopted public cloud platforms across the globe.

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Oracle expects data-hungry generative AI to drive revenue growth

CIO

Earlier in July, a top Oracle executive had laid down Oracle’s three-tier approach to attract more revenue from generative AI offerings to take on rival cloud service providers — AWS, IBM, Google Cloud, and Microsoft. Net income for the quarter rose 56% year-on-year to $2.4 billion, up 9% from last year.

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Why do SaaS companies with usage-based pricing grow faster?

TechCrunch

Net revenue retention was near 70%, a far cry from the 100%+ that most SaaS companies aim to achieve. By the time HubSpot went public in 2014, net revenue retention had jumped to nearly 100% — all without hurting the company’s ability to acquire new customers. The company struggled with poor churn and anemic expansion revenue.

Company 315
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Coatue backs Kubercost’s goal of supply data to millions of Kubernetes developers

TechCrunch

million developers using the cloud-native tools — an increase of 67% from the year prior. For those who need a refresher on Kubernetes, it is an open source container project created by Google in 2014 to automate, monitor and run applications. In the past year, Kubernetes adoption exploded, with over 5.6

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Rackspace’s CTO takes a broad view of sustainability

CIO

Economic sustainability is about fair and equal access to employment, broadband networks, and other technology resources, while the third pillar, equitable sustainability, involves removing or reducing bias in the flood of data and algorithms underpinning applications, particularly in emerging generative AI models, he says.

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Honeycomb Closes Best Quarter in Company History Fueled by Rapid Adoption Among Engineering Teams

Honeycomb

This is evidenced by an impressive Net Revenue Retention Rate of 138% through September 2023 across Honeycomb’s base of 600+ customers in finance, e-commerce, gaming, healthcare, and more, with the company’s ARR expected to increase by 50 percent in 2023.