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September 25-26, 2024 The Wynn Las Vegas, NV More information

Cloud earnings, hyperscale expansions, M&A, appointments, APAC, land banking

  • August 1, 2022
  • Analyst: Philbert Shih

The past week saw earnings season move into full swing and we took a closer look at the results coming from AmazonGoogle and Microsoft. There was a bit of decline in overall growth rate for all the three major hyperscale clouds, but so far nothing very much outside the norm. AWS exited 2Q22 on an annual revenue run-rate of $79b. Meanwhile, Microsoft Azure is still growing at well over 40% y/y, though Google dropped into the 30%+ range.

There was plenty of other activity in public cloud. Google Cloud become the latest to enter the market in Mexico, while AWS rolled out a new Cloud WAN product and launched another satellite ground station node in Singapore. On the MSP side, Ensono acquired a cloud consultancy, while Rackspace brought in a new senior executive to lead the managed public cloud business. There were other appointments of note. Jim Buie took over as CEO of Involta and Ensono elevated an executive internally to lead its European practice.

There was more activity in APAC. ESR closed its inaugural data centre fund valued at over $1b, STT GDC set new carbon-neutral targets and Data Center First broke ground in Batam, Indonesia. Batam is one of the overflow markets emerging around Singapore as the regulatory environment continues to be challenging. On that front, the Singapore government recently opened up applications for new developments within the context of its new pilot phase program.

Finally, there was more hyperscale expansion activity. Google acquired land in the NetherlandsSTACK picked up land in Hillsboro, while Vantage opened its recent build in South Africa and started another in Frankfurt.

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