Hyperscale cloud, price increases, Europe, M&A, executive hires, earnings
Things started to move again after the Labour Day long weekend. There were some notable developments in hyperscale, executive appointments, strategic activity and more from the recent earnings season.
There continue to be price increases for cloud infrastructure services as costs rise. IBM Cloud was the latest to implement a price increase. IBM Cloud is no longer operating at hyperscale levels and the moves in pricing reflect how it is not able to achieve massive-scale and offset rising costs. In other hyperscale developments, ByteDance’s TikTok brought online its first data centre in Europe.
There continues to be ongoing shuffling in executive circles. The latest moves saw Equinix bring in a new chief marketing officer, while DartPoints hired a chief financial officer and EcoDataCenter has a new CEO.
On the strategic side, there was significant activity coming out of Europe. Cordiant acquired Irish fibre provider Speed Fibre, Principal Asset Management acquired two facilities in Dublin, and atNorth acquired Swedish HPC specialist Gompute. Meanwhile, in the MEA region, data centre operator MEEZA completed its IPO in Qatar.
Finally, we have more from earnings season. NVIDIA reported explosive earnings that are being driven by AI demand, while NEXTDC continues to ride the hyperscale wave and Redcentric pushed forward while consolidating multiple acquisitions it has completed in the last few years.
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