Earnings, subscale, node expansion, geopolitics, APAC, global developments
The past week saw developments that were truly global in scope. There were more results from the cloud infrastructure side, subscale platforms expanded and added to product portfolios, while Microsoft Azure confirmed plans to expand in APAC and there was notable activity around Spain, Canada and the UK.
Oracle Cloud has shown some growth acceleration of late and disclosed a number of data points that provide some insights. Meanwhile, VMware drives more of its subscription-based revenue from hyperscale, but is still a good bellwether for what is going on in the wider managed infrastructure space. We have some details and discussion.
Europe saw a number of developments. Subscale cloud providers expanded in the region, with Vultr adding more than one location, security provider Acronis expanding its footprint in Romania, Italy and Sweden, while cloud storage provider Wasabi added Frankfurt to its map. Elsewhere in the subscale space, OVHcloud rolled out more converged infrastructure solutions with a newly established Nutanix partnership and Vultr is also the latest to partner with AMD for its next generation EPYC processor line.
Europe is going through some instability with the conflict raging in Ukraine. It is impactful enough that Digital Realty shared some colour on the impact to its business, while Equinix has confirmed it will not take orders from Russian customers and suspended activities with Russian suppliers and partners. Separately, Equinix also shared insights on hyperscale revenue and the impact of recent price changes for power in Singapore.
Microsoft Azure continues to expand its footprint in APAC and confirmed plans to expand in India and China.
Other markets that saw activity where Spain, the UK and Canada. We had a chance to tour and speak with Cyxtera and Kao Data in the UK, while Madrid saw a major investment from Meta and there is more capital circling the opportunity in this high upside market. We recently published a report on the Madrid and Barcelona markets that provides more details. And in Canada, there has been optimization and customer expansions at 151 Front Street, while more fibre is being built out in Western Canada, which is another market we have published a detailed study on. Please let us know if you would like more details.
Finally, there was some M&A in Australia and the UK, and there were connectivity developments in Poland, Birmingham, UK and Oman.
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