IDG Contributor Network: Xero breaks through its glass ceiling: customers, revenue and cashflow

It’s fair to say that no one has been covering Xero longer than I have. I first talked to its co-founder and CEO, Rod Drury, long before the company launched a product. Trawling back through my emails and I discovered that we first talked about his vision 10 years ago to the day. (Rod, we really should have a celebratory beer!) I can’t imagine he’ll be celebrating the milestone, but it does go to show just how long Drury has been on this journey.

When it was founded, Xero took a very unusual path, listing on the New Zealand Stock Exchange before it even had a real product and customers. Backed by some high-profile names, and with Drury’s masterful marketing execution, Xero got its IPO away in the nick of time, just before the GFC really took its hold.

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Computerworld Cloud Computing

AWS quarterly revenue continues to rise, but growth slows

The rocketship of cloud growth continued at the end of 2016 for Amazon Web Services. The public cloud provider announced Thursday that it brought in a little more than $ 3.5 billion during the fourth quarter of last year, up 47 percent from the same period in 2015. Quarterly operating income rose 60 percent to $ 926 million, compared to $ 580 million during the prior year quarter. 

That’s nothing to sneeze at, but AWS’s revenue growth was the lowest it has been in the past two years. There are a number of potential explanations for that, including seasonal changes in cloud migrations, and increasing difficulties on Amazon didn’t provide an explanation for that, but it likely has to do with AWS’s growing revenue base overall.

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CIO Cloud Computing

IDG Contributor Network: Red Hat expected to rake in $2.4 billion in revenue this year

The king of Linux, Red Hat, continues its growth as a leading Linux vendor that’s betting big on the cloud. Yesterday, the company announced financial results for its second quarter of fiscal year 2017 ended August 31, 2016.

The company generated $ 600 million in revenue for the quarter, a 19 percent year-over-year increase. Red Hat is often credited with creating a business model around Linux and Open Source: a subscription based service and support model.

Subscription revenue for the quarter was $ 531 million, which accounts for 89% of total revenue. It was a 20% year-over-year increase. Based on these numbers we can safely assume that Red Hat will be generating revenues around $ 2.415 billion in this fiscal year. That makes Red Hat the most successful pure open source company to date.

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CIO Cloud Computing

Microsoft’s Azure cloud revenue doubles, but phone sales plummet

Microsoft’s cloud push continued to pay off last quarter, with revenue from its Azure services more than doubling from the same period last year, the company reported Tuesday.

Overall revenue for the quarter was down, however, thanks partly to a steep decline in Microsoft’s handset business. Total revenue for the three months ended June 30 was $ 20.6 billion, Microsoft said, down from $ 22.2 billion last year. Net profit was $ 3.1 billion.

Microsoft’s retreat from the smartphone market hurt its device sales significantly. Phone revenue sank 71 percent, after the company back pedaled from its Nokia acquisition to focus on a few models of Windows phone.

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InfoWorld Cloud Computing

IBM grows in cloud and data analytics but overall revenue slides

IBM’s revenue continued to decline in the second quarter but growth in some of its strategic initiatives like cloud computing and data analytics suggest that the company may be on track in its transition plans.

The Armonk, New York, company said Monday that revenue from its new “strategic imperatives” like cloud, analytics and security increased by 12 percent year-on-year to US$ 8.3 billion. That increase was, however, lower than the growth the company had reported in these businesses in the first quarter.

Cloud revenue – public, private and hybrid – grew 30 percent in the second quarter, while revenue from analytics grew 4 percent, revenue from mobile increased 43 percent and the security business grew 18 percent.

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Network World Cloud Computing

Microsoft’s revenue falls, but cloud remains a bright spot

Microsoft is betting on reinventing itself as a cloud company, and the financial results it released Thursday show that its push is paying off despite an overall decline in revenue. 

Azure revenue rose 127 percent from a year earlier, and sales of Azure Premium Services like Machine Learning were three times higher during the last quarter of 2015 than in the same period of 2014. (Not counting the effects of currency exchange rates.) The company also bragged that more than one-third of the Fortune 500 is using its Enterprise Mobility solutions, which make it easier to secure devices that a company controls. 

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Network World Cloud Computing

Microsoft’s revenue falls, but cloud remains a bright spot

Microsoft is betting on reinventing itself as a cloud company, and the financial results it released Thursday show that its push is paying off despite an overall decline in revenue. 

Azure revenue rose 127 percent from a year earlier, and sales of Azure Premium Services like Machine Learning were three times higher during the last quarter of 2015 than in the same period of 2014. (Not counting the effects of currency exchange rates.) The company also bragged that more than one-third of the Fortune 500 is using its Enterprise Mobility solutions, which make it easier to secure devices that a company controls. 

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CIO Cloud Computing

SAP sees cloud, support revenue overtaking software in 2018

German business software maker SAP expects its revenue from cloud subscriptions and support to be higher than its revenue from software licenses in 2018, reflecting an industry trend.

This would be a dramatic shift for a company, which earlier had licenses and support of its business software as its mainstay business. There was considerable skepticism whether it would be able to quickly make the transition to the cloud with a new revenue model based on subscriptions rather than one-time payments. 

The market has moved significantly for SAP and its rivals like Oracle from on-premise software and services to applications delivered through the cloud on a subscription model.

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Network World Cloud Computing

SAP sees cloud, support revenue topping software by 2018

German business software maker SAP expects its revenue from cloud subscriptions and support to be higher than its revenue from software licenses in 2018, reflecting an industry trend.

This would be a dramatic shift for a company, which earlier had licenses and support of its business software as its mainstay business. There was considerable skepticism whether it would be able to quickly make the transition to the cloud with a new revenue model based on subscriptions rather than one-time payments. 

The market has moved significantly for SAP and its rivals like Oracle from on-premise software and services to applications delivered through the cloud on a subscription model.

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Computerworld Cloud Computing

How to Get Money Fast On the net

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Many places need to have the borrower to have a very long credit check and track record check process that can take up to four weeks. But there are other options to decide on when looking to borrow cash. Online payday loans and private loans provide ways to get money fast as well as through places which offer you very competitive prices.

Payday loans are loans that advance you money based on your own history of employment and can advance you up to $1,500 to pay for immediate financial wants. These loans usually have a shorter repayment period, either for the next wages, or perhaps spaced out throughout some pay periods.

Interest on these loans usually reflects along the time by which they will be paid back by. Payday loans give you a great way to obtain access to money easy without having to worry about background or credit checks, since the total loaned and also the interest charged isn’t really based off of credit risk.

Loans are normally available thru private lending networks online, and also the conditions and stipulations of the loan will vary on the company. They are similar to payday loans in how much they charge and definitely will lend. But some web sites even allow 3rd party lenders to lend money directly to others at an rate of interest that’s flexible. With this type of loan, the approval procedure is actually shorter because the lenders and borrowers work out the conditions of the loan on their own.

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