Earnings, public cloud, M&A, managed public cloud, MSP, edge, product developments
The start of earnings season this past week saw numbers released for the leading public clouds, while there was more strategic activity, edge expansion and new products and services.
AWS reported its 1Q22 results and growth was again strong, though the remarkable acceleration it has been seeing of late did taper off slightly. Of course, that does not take away from the overall pace of growth, which is still well over 35% y/y. Microsoft and Google are growing aggressively as well, though the pace has evened out a bit over the last few quarters. But all data points and KPIs that were released point to a positive forward trajectory. We have some of the details. Meanwhile, SAP released its results and disclosed interesting data points on the pace of adoption of SAP S/4HAHA on cloud.
On the strategic side, there were a number of transactions in the MSP and managed infrastructure space. Abry Partners acquired a stake in an Oracle shop and Coretelligent acquired a provider called Chateaux, while CloudHesive made a technology-oriented acquisition. There were also a pair of strategic developments in South Korea. Gaw Capital entered the market with an investment in Dreammark1 and Digital Edge formed a JV to develop a hyperscale campus.
There was also more activity around edge. Compass Data Centers recently released a new White Space-as-a-Service offering that covers various edge data centre scenarios, while EdgePresence and Cox Edge lit up edge nodes in second tier markets.
The product development pipeline continues to be busy. Cyxtera added public cloud interconnection, Otava rolled out managed Azure services and Akamai’s newly acquired Linode platform introduced a managed database service. Elsewhere, VMware partnered with Alibaba Cloud and Deloitte to enable new cloud infrastructure offerings.
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