Market trends and news

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 the September quarter, cloud computingrevenue grew 60% year-over-year to RMB14,899 million (US$2,194 million), primarily driven by growth inrevenues from customers in the Internet, finance and retail industries. Customers across all …

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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 the cloud will ensure we continue our path as a cloud growth company while we remain focused on cost efficiency. These actions and our resilient business model position us well …

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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 proud that our teams successfully navigated the very challenging environment to deliver a better than anticipated quarter. As a result, our customers can emerge even stronger from the crisis. In …

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