Softletter100

john

Why Cost of Sales is such an important metric

Well-run SaaS company share similar gross margins with their on-premise counterparts, but warehouses full of boxes have been replaced by climate controlled server centers full of servers, much-high end monitoring software, complex rollout and version control system, and more. Depending on the complexity of its operations, a SaaS firm’s COS numbers can reach levels that …

Why Cost of Sales is such an important metric Read More »

Record deal sees Slack competitor Wrike acquired by Citrix

Citrix Systems has announced the acquisition of Slack competitor Wrike for $2.25 billion (£1.65 billion), becoming the firm’s record deal to date at $250m greater than initial expected. While Citrix already develops cloud-based products, adding the software that Wrike can provide will help the company in become a major competitor in the market. Specifically, Wrike …

Record deal sees Slack competitor Wrike acquired by Citrix Read More »

Remote working fuels a 50% growth in Microsoft Azure’s revenue

Microsoft experienced a 17% year-on-year increase in revenue in the second quarter of fiscal 2021, reporting strong growth across most of its services throughout 2020. While Microsoft experienced major growth in across services such as LinkedIn, Windows Surface and Xbox, their Azure cloud platform grew 50% year-on-year. Initially, Microsoft Teams started the uptick in revenue …

Remote working fuels a 50% growth in Microsoft Azure’s revenue Read More »

SAP Q4 results and 2021 forecast – Accelerated Cloud push but profits down

Despite the pressure on profit the message from CEO Christian Klein was on the renewed focus on “how businesses run by accelerating our customers’ transformation in the cloud.” The financial drivers for SAP behind this focus were confirmed by CFO  Luka Mucic as he predicts that SAP’s expedited shift to the cloud will drive long-term, …

SAP Q4 results and 2021 forecast – Accelerated Cloud push but profits down Read More »

Google outage exposes worldwide dependency on tech giant

On Monday 14th December, a Google authentication failure caused interruptions across its systems worldwide, affecting both home and business products that rely on Google’s infrastructure. The failure was a result of an error in storage allocation to Google’s authentication system leaving business users without access to Gmail, Google Docs, Google Sheets or Google slides. In …

Google outage exposes worldwide dependency on tech giant Read More »