Welcome to the Cloud Wars Minute — your daily news and commentary show, hosted by Cloud Wars Founder Bob Evans. Each episode provides insights and perspectives around the “reimagination machine” that is Cloud.
In this Cloud Wars Minute, Bob offers his monthly analysis of how the markets are shaping up in terms of trust as it relates to the Cloud Wars Top 10 companies.
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Highlights
00:54 — Despite things going on in the world today, from rampant inflation to global unrest, the Cloud Wars Top 10 collectively brought in $5 trillion, showing confidence in these organizations and their capabilities.
01:21 — For each of the Cloud Wars Top 10 companies, Bob provides the current market cap, latest cloud quarterly revenue, and cloud growth rate.
01:58 — Microsoft, the leading Cloud Wars company, has a market cap of $1.8 trillion, quarterly revenue of $25 billion, and a growth revenue rate of 29%.
02:11 — Amazon has a market cap of $1.18 trillion, quarterly revenue of $7 billion, and a growth rate of 33%.
02:20 — Google Cloud has a market cap of $1.29 trillion, quarterly revenue of $6.3 trillion, and a growth rate of 36%.
02:34 — Salesforce has a $147.7 billion market cap, a $7.2 billion quarterly revenue, and a 22% growth rate.
02:44 — Oracle has a market cap of $169.9 billion, a $3.6 billion revenue in its most recent cloud quarter, and a growth rate of 45%.
02:55 — SAP has a $99.8 billion market cap, a recent cloud quarterly revenue of $3.12 billion, and a 34% growth rate.
03:07 — ServiceNow has a $79 billion market cap, a recent quarterly revenue of $1.66 billion, and a growth rate of 25%.
03:13 — Workday has a $39.2 billion market cap, quarterly revenue of $1.37 billion, and a 23% growth rate.
03:24 — Bob refers to Snowflake as “the outlier.” The company has a market cap of $55.1 billion, $466 million in quarterly revenue, and a growth rate of 83%. Bob expects big things from Snowflake.
03:38 — IBM has a $108.9 billion market cap, $5.9 billion in recent quarterly revenue, and a cloud growth rate of 24%.
03:55 — Bob suggests that, in the business world, this represents a shift in perspective toward clouds, as CEOs, CFOs, and directors now view the cloud as an absolute source of innovation, acceleration, and income growth. The cloud is an amazing new opportunity for people in this field. These numbers confirm that the cloud has moved front and center of growth and innovation for the global economy.