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AWS revenue growth slows as cloud competition grows

AWS revenue in North America is slowing, which is good and bad news for competitors

Amazon’s recently released Q2 earnings show the company performed well, with overall sales up 23 per cent to $19.34bn, up from $15.7bn in the same quarter last year. But growth in its “other” category, where it aggregates the financial performance of among (few) other things AWS, seems to be slowing. Financial analysts say the reason may be increasing pressure from other big cloud players.

Oracle touts 25% cloud revenue increases

Oracle announced cloud revenue growth of 25 per cent, which came at the cost of traditional software license revenues

Oracle boasted a 25 per cent increase in cloud revenue in its latest earnings report as it looks to continue its transformation to offering a predominately cloud-focused portfolio of services. But the company reported minimal revenue increases, 3 per cent, and missed analysts’ profits and sales estimates.

UK cloud challenger iomart results buoyed by SME uptake

iomart announced strong growth in its cloud segment, which it owed in large part to increased uptake of cloud services among SMEs

Glasgow-based cloud computing firm iomart announced an increase of almost 40 per cent in annual revenues for the latest financial year, with pre-tax profits of £14.6m – up from £10.7m in 2013. The firm said the company’s strong results were due in large part to increased cloud uptake among SMEs and the mid-market.

Microsoft FY13 results bolstered by Azure, Office 365 growth

Satya Nadella, chief executive officer at Microsoft told journalists and analysts Thursday that the company's solid performance was bolstered by its cloud growth

Software giant Microsoft released its financial results Thursday evening, announcing quarterly revenues of $20.4bn for the period ending March 31, 2014 and total annual revenues of $63.45bn. In a call with analysts Microsoft chief executive officer Satya Nadella said the company saw strong momentum in its cloud services as the company as it continues to transition towards a more mobile and cloud-focused businesses.

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