Earnings, bulls, bears, M&A, technology, CEOs
It was a somewhat slower week with long weekends in Canada and Singapore. Earnings season continued and we took a closer look at the results coming from CyrusOne and interconnection provider Megaport. We will take a closer look at GoDaddy’s results soon, but there already were some interesting bearish comments from some short position holders that seem a bit out of line.
M&A has been busy over the last several weeks. We mentioned the Compass acquisition of ROOT last week and have more details and analysis this week. There was also another notable data centre deal recently in Europe, with the merging of a portfolio of Dutch facilities.
M&A also extends to the technology side and hyperscale clouds continue to be aggressive here. AWS has been buying a number of AI-oriented companies, but recently acquired a startup on the storage side. Amazon continues to look for every edge it can get and has taken a liking to a number of startups coming out of Israel.
There was more change in executive circles. GoDaddy has a new CEO and Interxion and Digital Realty both added MD’s for markets in Europe.
Finally, migration continues to be a focus of product development and this speaks to how many workloads and data still sit in traditional environments. Google introduced some new migration features and Iron Mountain partnered with AWS as it takes a multi-pronged approach to moving data storage to cloud or other outsourced infrastructure deployment models.
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