On-premise, cloud, master-planned campuses, hyperscale, expansions, M&A
A busy week saw the start of earnings season, more transitioning from on-premise to cloud environments, progress in master-planned data centres and hyperscale expansions.
The early returns from earnings season suggest that the recently emerging stabilization is starting to settle in. Microsoft actually saw revenue growth accelerate and AWS has had two consecutive quarters that did not see meaningful revenue deceleration. The public cloud sector looks to have reached the bottom of this recent slow period. We first take a look at the results coming from Microsoft and the Azure arm being pushed forward by AI demand.
There remains a significant amount of IT infrastructure residing in on-premise environments that continues to transition to cloud infrastructure platforms. The momentum is building and we take a closer look at what enterprise platforms like SAP are doing to try and accelerate the move to cloud. There was also some M&A in the cloud space. Cloud storage provider Wasabi acquired a startup focused on data management and indexing as it looks to augment its platform and drive further innovation.
There has been more activity in master-planned data centres. 1547 formed a JV with Green Fig Land and provided an update on progress with its project in Pennsylvania. Meanwhile, Tract added to the finance side of its senior management team.
Hyperscale activity shows no signs of slowing down. AWS is expanding in Mississippi, Google acquired more land in London for data centres, while Meta is building in Jeffersonville, India. This is expected to be a dedicated AI facility.
Each month we put out some various insights on the sector. In our latest edition, we discuss AI demand, momentum in Europe, master-planned data centres and GPU deployments with service providers.
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