Softletter100 Blog - The latest news and results
SAP record Fastest Growth in New Cloud Business in Five Years
SAP post strong Q1 cloud results S/4HANA Current Cloud Backlog Up 43% At Constant CurrenciesHighlighting SAP’s Accelerated Cloud Transition IFRS EPS Up 29%; Non-IFRS EPS
IBM records growth after four quarters of decline
IBM beat industry analysts’ predictions in the first quarter of 2021, with revenues increasing by 0.9%, off the back of 4 consecutive quarters of decline.
Google pledges $7 billion investment in offices & data centres
Alphabet unit has reaffirmed its commitment to California with a promise of a $7bn spend on US office space and data centres in 2021. This
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Well-run SaaS company share similar gross margins with their on-premise counterparts, but warehouses full of boxes have been replaced by climate controlled server centers full
Twitter signs deal with Google Cloud
Twitter and Google Cloud Platform have agreed a multi-year deal, moving the social media giant’s offline analytics, data processing and machine learning workloads to Google’s
Google Cloud lost £4.1 billion in 2020
The cloud business brought in revenue of $3.83 billion (£2.8 billion) and recorded a loss $1.24 billion (£900 million) for Q4 2020, Google revealed on Tuesday. This marks
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
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.
IBM experiences a year of decline
IBM were confident that the benefits of their recent strategical changes would come to light by the end of 2020, however the latest financial report from the firm exposed a decline in revenues
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
Is the shift from multi-cloud systems in 2021 real or hype?
According to a 2020 IDG survey, 55% of organisations use two or more public clouds, but 79% struggle to achieve synergy across their multiple platforms.
EU threatens Big Tech Firms with fines of 10% of turnover
The Digital Marketing Act is indeed good news for small and medium sized SaaS and Cloud solutions vendors allowing users great flexibility and choice for users.
Review: SaaS in 2020
2020 started as a year that seemed to be heading for the continued steady transformation towards Cloud and SaaS based solutions and Services however this
What is the difference between the Forbes Cloud 100 List and the Softletter100?
Industry lists such as the Forbes Cloud 100 are put together in partnership with VC firms such as Bessemer Venture Partners and Salesforce Ventures. Many of
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.
AWS Outage opens doors for competitors
Amazon’s cloud service down time , the widespread outage has major impacts on services Amazon Web Services (AWS) has had an outage, that despite all
Cracking the Global Market – for UK Small and Mid Sized ISVs
As part of our ongoing series of webinars in partnership with Pulsant aimed at senior executives from small and medium sized UK ISVs, we have
Alibaba Q3 Cloud results customer spend grow 45%
Cloud ComputingAlibaba Cloud empowers the digital transformation of enterprises by providing comprehensive technologysolutions and services in the cloud for a wide range of industries. In
SAP Q3 Cloud results
SAP continued drive towards a Cloud and SaaS based business accelerates, practicing what they preach in terms of digital business transformation “Our expedited move to
Classic issues recruiting New Cloud Partners
Most Cloud solution vendors are selling through Partners (* 53% Softletter Survey Dec 2019) and most want to recruit more “born in the cloud” Partners.
Reassessing SaaS and Cloud Channels
With 25% of Partners now in financial difficulties do we recruit more or develop? Stop recruiting new Channel Partners! Join Sam Ferri, Channel
Cloud Partners Recruitment is NOT the answer
Most Cloud solution vendors are selling through Partners (* 53% Softletter Survey Dec 2019) and most want to recruit more “born in the cloud” Partners.
Effective Enablement of Cloud Partners
Talking to many Cloud vendors the most frustrating aspect of recruiting and building an effective Cloud Partner Channel is the speed and difficulty of effectively
SAP Pre-Announces Strong Second Quarter Results Amid COVID-19 Crisis
SAP also announced Q2 2020 numbers, which featured growth in cloud revenues IFRS Cloud Revenue Up 21% Current Cloud Backlog Up 20% “I am extremely
Cloud Hosting and Services latest revenue results – AWS, Microsoft, Google, IBM, Oracle, Alibaba
For the leading global IT vendors they have not been required to publish full accountable results for their Cloud and SaaS services business. This remains