Softletter100 Blog - The latest news and results
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.
Zoom launches $100 million fund for app developers
Zoom has announced a $100 million venture fund in an aim to stimulate growth across the entire scope of the app; from the ecosystem of
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
Tech giants continue to capitalise on the COVID pandemic
Google’s parent company, Alphabet, recorded a 34% uptick in revenues year-on-year with profits doubling to around $18bn in 21Q1 – the third record quarter in
AWS post a revenue uptick in the first quarter of 2021
The increase in demand for cloud computing off the back of the pandemic last yeart has continued into the first quarter of 2021, and has
Oracle wins contract to provide Premier League performance data
Debuting in the 2021/22 season, “Match Insights – Powered by Oracle Cloud” will be the engine behind presenting statistics and player performance data across both
UK gov secures vendors for £1.5bn software services deal
25 tech firms have recently been awarded contracts by the UK government as part of a deal to design and implement software services across the
Zoom launches $100 million fund for app developers
Zoom has announced a $100 million venture fund in an aim to stimulate growth across the entire scope of the app; from the ecosystem of
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Well-run SaaS company share similar gross margins with their on-premise counterparts, but warehouses full of boxes have been replaced by climate controlled server centers full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