July 15, 2020

999 words 5 mins read

Alibaba Cloud nears profitability as sales outpace US rivals

Alibaba Cloud nears profitability as sales outpace US rivals

Revenue rose 60 per cent in Q3

       Alibaba Cloud saw sales rocket in its Q2 as it continues to outpace the likes of Amazon Web Services (AWS) and Microsoft Azure. Revenue for the period ending 30 September rocketed 60 per cent year on year to $2.2bn. Alibaba said that its cloud computing arm is likely to become profitability in H2. CEO Daniel Zhang said that organisations in the public s

ector and financial services sector made the biggest contribution to the cloud growth. “We announced at our investor day that Alibaba Cloud is expected to turn profitable by the end of this fiscal year,” he added. “We believe cloud computing is fundamental infrastructure in the digital area, but it is still in early stage of growth. “We are committed to further increasing our investments in cloud computing.” Alibaba’s year on year growth is greater than the figures reported by AWS (29 per cent) and Microsoft Azure (48 per cent). Google does not breakout figures for its public cloud infrastructure offering Google Cloud Platform, but it’s wider cloud business saw sales rise 45 per cent. Alibaba is however growing from a smaller base. A recent report by analyst Canalys showed Alibaba to have six per cent of the global cloud infrastructure services market, with AWS out ahead with 32 per cent.

Author: thomas.wright@incisivemedia.com(Tom Wright)

Date: 2020-11-06

URL: https://www.channelweb.co.uk/news/4022899/alibaba-cloud-nears-profitability-sales-outpace-us-rivals


Google appoints European distie for Glass Enterprise (2020-11-24) Google is taking on Microsofts HoloLens in helping to facilitate remote working with wearable mixed-reality tech Tech Data has been named as the distributor of Google Glass Enterprise Edition 2 in Europe Through the agreement Tech Data resellers across the region will be able to access and build their own solutions with the wearable tech headset Glass Enterprise Edition 2 was launched in May as a .. Google appoints European distie for Glass Enterprise
Bechtle shows signs of COVID recovery in Q3 (2020-10-28) Preliminary quarterly numbers reveal DACH reseller has recovered from the peak of COVID-19 disruption to orders Bechtle expects both its top and bottom line to rise in Q3 marking a recovery from the summer during which the reseller faced extreme pressure as COVID-19 lockdowns hit hard Preliminary figures from July to September show Bechtle anticipates revenue to increase by 7 per cent year on year..
Google set to acquire cloud back-up vendor (2020-12-03) Actifio specialises in data virtualisation Google Cloud is set to acquire back-up vendor Actifio Actifio specialises in data virtualisation and gives enterprises the ability to protect virtual copies of their data in its native format Google VP Brad Calder said: As organisations across industries sharpen their disaster preparedness strategies and infrastructure resiliency Actifios business continu..
Michelle Walker (2020-11-16) What has been your personal highlight of 2020? Making my new office at home Which three celebrities would you invite to a Zoom party? Snoop Dogg Tom Hardy and Deadpool What has been your guiltiest lockdown pleasure? A glass of wine with lunch! Which tech figurehead has inspired you most this year and why? Tom Blomfield founder of Monzo Bank for founding a bank which disrupts the old guard and reac..
Ethos Technology CEO: We had to move to bigger offices during lockdown (2020-10-23) As part of our meet the shortlisters series CRN catches up with distributor Ethos Technologys CEO Omar Galbraith pictured to discuss the firms ongoing growth spurt what it means to be shortlisted for three Channel Awards and how the firm is planning to outgun the competition in the coming year Give us a flavour of your business - what verticals/product sets are your sweet spots how do you differen..
Ben Boswell (2020-11-16) What has been your personal highlight of 2020? Working with the team to launch DOPS Digital We have had to be courageous and work incredibly hard as a team Together we have worked through the most challenging and turbulent market conditions to set the foundation for an incredible 2021 I have also loved working with my Princes Trust mentees and Jake Armstrong at Addey and Stanhope School as we try .. Ben Boswell
Aptum CEO: ‘Mid-market enterprises want to be cloud agnostic’ (2020-12-02) Susan Bowen reveals how the cloud hosting provider is shedding its legacy reputation and her predictions for 2021 Mid-market businesses want multi-cloud models because they do not want to be beholden to a specific cloud partner claimed Aptum chief exec Susan Bowen The managed hosting and cloud services provider recently launched its Cloud Impact Study which revealed some surprising data on cloud a.. Aptum CEO: ‘Mid-market enterprises want to be cloud agnostic’
Graham Jones (2020-11-16) What has been your personal highlight of 2020? Becoming a grandfather Despite all the gloom and Zoom worries about work/ targets and so on what a fabulous way to see what is really important -new life and family Which three celebrities would you invite to a Zoom party? Trump Piers Morgan and Boris What a hoot that would be! The subjects would be honesty and how to help people What has been your gu..
Debra Coady (2020-11-16) What has been your personal highlight of 2020? Turning 40 at the beginning of lockdown My planned trip to Paris had to be abandoned but much to the amusement of our neighbours my amazing friends turned up on our doorstep to sing happy birthday to me and to deliver my presents together with a homemade model of the Eiffel Tower! Workwise I was nominated for the CRN Woman of the Year Award earlier th..
27 CAE (2020-12-02) Having seen revenues bounce by over a quarter to top 130m in its year to 30 June 2019 this Cisco Gold partner bought a new larger HQ at the start of the pandemic in April The move to the new 30000 sq ft Hemel Hempstead hub - 10 miles from CAEs previous Watford HQ - is on course to be completed by Q3 2021 Holding Gold and Titanium status with HP and Dell respectively CAE ranked 26th in the 2020 Sun..