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 to be not a legal requirement for SEC 10K but increasingly shareholders, investors and public relations are demanding more details
The results for what we term the Big 8 corporations are detailed under the Financial Result 10K search function
Here we reproduce for a range of sources, mainly the vendors own announcements, the latest quarterly results. By default they have not been audited and scrutinised to the 10K standard but do give a clear indication of the Cloud market trends. Not unsurprisingly most vendors chose to select the positive results they announce and not the areas where they are under performing against the market
As we move into 2020 we expect more vendors to be releasing more details and as these results show for a number of the Big 8 Cloud revenues already represent the majority of their overall revenues
Amazons’ revenue, which had 24% growth overall, whilst in its cloud division AWS increased 35% in the third quarter down from 37% in Q2
This was slower than analysts had expected and the lowest growth rate in more than five years.
Amazon Web Services, which provides computing, storage and networking tools that companies ended the quarter with $9 billion in revenue
The segment’s results had a negative impact on all of Amazon, which reported earnings that were lower than analysts had predicted.
In the third quarter, AWS delivered 71% of Amazon’s total operating income and 13% of its total revenue.
“For the past four years, AWS has provided the bulk of Amazon’s operating income. In the third quarter, AWS operating income totaled $2.26 billion, up 9% from the year-ago period and below the $2.55 billion FactSet consensus estimate.”
IBM Cloud revenues are reproted under what is called “Strategic Initiatives” , for the full fiscal year, IBM’s “strategic imperatives” — which includes cloud and analytics — hit $39.8 billion, up 9 percent.
Cloud revenue for FY 2018 reached $19.2 billion, up 12 percent. The as-a-service annual exit run rate for cloud revenue was $12.2 billion in the quarter, up 18 percent year to year.
The Azure public cloud business delivered 59% revenue growth, which is down from the 64% growth one quarter ago
Microsoft doesn’t disclose Azure revenue in dollar figures.
Analysts at Evercore, which has the equivalent of a buy rating on Microsoft stock, said in a note distributed to clients on October 18 that they had been expecting 64% Azure growth in the fiscal first quarter.
Azure’s growth rate has generally been on the decline as it keeps growing, like competitor Amazon Web Services, which is larger but growing more slowly
The Google Cloud business includes Google Cloud Platform, its rival to the market-leading Amazon Web Services, and G Suite, which competes with Microsoft Office. This $8 billion run rate figure is the first information on the Google Cloud revenue since February of 2018, when Google said it was a $1 billion-per-quarter business.
These results are based on SEC 20F data
The cloud computing segment is comprised of Alibaba Cloud, which offers a complete suite of cloud services, including elastic computing, database, storage, network virtualization services, large scale computing, security, management and application services, big data analytics, a machine learning platform, IoT and other service offerings for enterprises of different sizes across various industries.
2018 revenues £1,339 Bn = approx $1bn USD
The latest report results from Oracle for Q3 FY18 showed headline figures of Cloud revenues up 32% to $1.6 Billion with a faster growth rate than the Total Revenues which were up 6% to $9.8 Billion
Cloud and On-Premise Software Revenues were up 8% to $8.0 billion. Cloud Software as a Service (SaaS) revenues were up 33% to $1.2 billion.
Cloud Platform as a Service (PaaS) plus Infrastructure as a Service (IaaS) revenues were up 28% to $415 million.
Total Cloud Revenues were up 32% to $1.6 billion.