Webscale, cloud, earnings, hyperscale, Europe, expansions, energy, M&A commentary
The week saw more from earnings season, hyperscale developments and activity around the market in Ireland.
Earnings season is at its peak and we took a closer look at the results coming from cloud infrastructure providers Akamai and DigitalOcean. The results speak to the stabilization that has emerged in the sector and provide a window into long-term trends that are in place and accelerating. Meanwhile, on the data centre side, American Tower reported its results, which included details about the CoreSite data centre colocation business, which turned in a stable quarter.
Hyperscale continues to be at the centre of the sector’s engine. Amazon named its third CEO for the AWS cloud business, while Microsoft Azure launched a new region in Mexico and Oracle Cloud partnered with Telecom Italia in Turin, Italy. Hyperscale served Europe originally through Dublin, Ireland, before expanding across the continent. It has always been a strategic location, but has come up against power constraints. GIven the situation, hyperscalers are pushing outside of Dublin and looking at alternative energy resources.
The past week also saw significant data centre development activity. Data4 is building in Milan, Italy, Scala Data Centers made further progress in Sao Paolo, Kevlinx broke ground in Brussels and Vantage Data Centers acquired more land in Cardiff.
There are always media personalities that like to try and comment on the Internet infrastructure space and they often get certain fundamentals wrong. As a result, some of their ideas do not make sense and should be ignored. Jim Cramer of CNBC’s Mad Money was at it again, with bad ideas this time about the CDN and cloud space.
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