Earnings, APAC, M&A, hyperscale expansion, hires, product development
The recent week saw more from earnings season, expansion activity in APAC, along with M&A and a few notable hires.
The cloud and managed infrastructure side of the sector recently reported and we took a closer look at the results coming from Digital Ocean, Rackspace and Akamai. Digital Ocean and Rackspace both saw meaningful declines in overall growth rates, but continue to hold steady amid a challenging environment. Meanwhile, Akamai’s compute business, accelerated by the acquisition of Linode, is motoring along at a consistent rate, as it starts to tap into the upside that the Akamai business presents. It is clear that wider economic conditions are creating some headwinds and it is too early to tell if this will hold through the rest of the year. But despite the slowing in growth, key KPIs across providers are in a good spot and operating efficiency, if anything, is moving increasingly in a positive direction. We also look at Iron Mountain’s results.
Over in APC, there was more expansion activity. STT GDC brought online a new data centre in increasingly constrained Singapore, while Chunghwa Telecom is set to to build a new data centre in the Taiwan market.
The M&A arena was quiet, but iomart in the UK picked up some key capabilities through an acquisition, while StratCap added to its portfolio with the acquisition of a data centre in Franklin, Wisconsin.
There was also movement in product development. Lumen added to its edge computing portfolio and Flexential updated its private cloud services.
Finally, there were a few notable hires. AtlasEdge hired a new SVP for colocation, StartCap added a data centre-focused investment professional and Quantum Loophole elevated internally for a new chief real estate officer as it looks to possibly enter new markets.
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