Azure and Investment

Clouded Judgement 4.26.24 - Azure Gives Positive Infra Software Preview

Clouded Judgement

APRIL 26, 2024

Subscribe now Azure Report - Cloud Infra Looks Good! For software, all eyes were on Azure - which grew 31% YoY (ahead of expectations closer to 29%). Azure doesn’t disclose exact Azure quarterly revenue (they disclose growth rate in absolute terms and in constant currency), but there are good estimations.

Azure

Azure Cloud Software AI

Shopify Says eCommerce is Back. But AWS Says Cloud Under More Scrutiny.

SaaStr

OCTOBER 28, 2022

I’ve also seen this in the leaders in eComm I’ve invested in, like Gorgias. Second, AWS, Azure and Google Cloud all grew nicely, and are still growing like a weed — but the growth rate slowed. AWS and Microsoft Azure all reported more customers scrutinizing spend and working to manage their bills more carefully.

AWS

AWS Cloud Azure Investment

The Capex Conquest in the Cloud

Tom Tunguz

APRIL 30, 2024

Aside from the overall growth of these clouds increasing, the massive investment in CapEx data centers, power plants, and GPUs is stunning. Google and Microsoft would wait another two years to replicate a similar level of investment. Google and Microsoft would wait another two years to replicate a similar level of investment.

Cloud

Cloud AWS Azure AI

From $1M to $3B ARR: Databricks CRO Ron Gabrisko on Scaling a Revenue Rocket Ship

SaaStr

FEBRUARY 7, 2025

Because thats how their customerswho were used to AWS, Azure, and GCP pricingexpected to buy. Final Advice for Revenue Leaders After nearly a decade of scaling Databricks, Ron has one core piece of advice for revenue leaders: hire the best people and invest in them. Talent beats everything. Culture beats everything.

Scale

Scale Sales Hiring Scaling Revenue

Cloud Stocks May Be Down. But the Cloud Remains on Fire. That Matters More.

SaaStr

MAY 16, 2022

So follow AWS, Azure and Google Cloud. And it is stressful, especially if you invested at those peaks or as founders raised money at relatively high valuations and multiples. Let’s look a whole level up to the real canaries-in-the-coalmine: AWS, Azure and Google Cloud. If they stumble, we’re in for a rough patch.

Cloud

Cloud Azure AWS Engineering

Founders Today Just Need to Assume the Next Round Never Comes

SaaStr

NOVEMBER 3, 2022

My summary of Venture Markets in Nov 2022: Series B and later even worse than looks in data: 85%+ of investing here has simply ceased. And while AWS’s growth is down a bit, it’s still at epic levels, Azure isn’t even really down, and Google Cloud is growing faster than ever.

AWS

AWS Venture Capital Azure Cloud

Signs We've Touched the Bottom

Tom Tunguz

JULY 25, 2023

Both Google & Microsoft announced growth rates in GCP & Azure that held steady from one quarter to the next. There are two forces in tension : overall cost reduction efforts by companies & the desire to invest in AI. The desire for AI is broad. The acceleration is really quite broad.

Azure

Azure GCP(Google Cloud Platform) AI Cloud

When 1% Market Share Shifts Represent $5b of Market Cap

Tom Tunguz

APRIL 25, 2024

Microsoft’s Azure is winning share directly from Amazon. “The number of $100 million-plus Azure deals increased over 80% year-over-year, while the number of $10 million-plus deals more than doubled. " The rest of Azure is still growing in a nice clip of 24% annually. “We now have 1.8 “We now have 1.8

Azure

Azure AI Search Marketing ChatGPT

Dear SaaStr: What is The Average Ratio of Support Staff to Customer Count in SaaS?

SaaStr

JANUARY 27, 2024

Another 5%-7% go to core infrastructure costs (AWS, Azure, Snowflake, etc). It’s your top marketing and customer retention investment. Typically support consumes about perhaps 5%-7% of your revenue at scale (excluding customer success) in most SaaS models. It could be more or less, but that’s a rough way to think about it.

Azure

Azure AWS SaaS Customer Success

A Look Back at Q1 '24 Public Cloud Software Earnings

Clouded Judgement

JUNE 19, 2024

It’s worth pointing out that Azure is a bit above the long term trendline, while AWS is still below (but accelerating up). It’s worth pointing out that Azure is a bit above the long term trendline, while AWS is still below (but accelerating up). Altimeter is an investment adviser registered with the U.S.

Cloud

Cloud GCP(Google Cloud Platform) Software Azure

Clouded Judgement 2.7.25 - "Group + Triage" AI Systems

Clouded Judgement

FEBRUARY 7, 2025

They each have some of the largest cloud businesses in the world in AWS, Azure and Google Cloud respectively. This is for information purposes and should not be construed as an investment recommendation. Altimeter is an investment adviser registered with the U.S. Overall, there was weakness across the board.

Systems Review

Systems Review Cloud AI Artificial Intelligence

Lopsided AI Revenues

Tom Tunguz

MARCH 1, 2025

In second place, Microsoft’s AI business, including Azure, is at a $3.25b Q4 revenue. While precise total market figures remain elusive, the trend is clear: hardware investments still outpace software and services revenue in today’s AI landscape. IBM reported $2b, which was a big surprise to me.

AI

AI Revenue Azure Consulting

Clouded Judgement 10.11.24 - Budget Flush

Clouded Judgement

OCTOBER 11, 2024

This behavior can create a surge in purchasing activity, as organizations look to make strategic investments without losing their allocated funds. This is for information purposes and should not be construed as an investment recommendation. Altimeter is an investment adviser registered with the U.S. Cloudflare is up 17%.

Cloud

Cloud Cost optimization & reporting GCP(Google Cloud Platform) Software Review

Investing in Tigris

Andreessen Horowitz

FEBRUARY 20, 2024

The traditional clouds (AWS, GCP, and Azure) are getting dated. This is why I’m so excited to announce our investment in Tigris, as well as the release of its globally available S3-compatible distributed object-storage service. Tigris is built to make the application developer’s job as simple as possible.

Investment

Investment GCP(Google Cloud Platform) AWS Azure

Thanks to ChartMogul, ChurnZero, Cledara, Secureframe, and Verdane for Sponsoring SaaStr Europa 2023!

SaaStr

OCTOBER 13, 2022

Secureframe allows companies to get compliant within weeks, rather than months and monitors 100+ services, including AWS, GCP, and Azure. Verdane is a specialist growth equity investment firm that partners with tech-enabled and sustainable businesses based out of Europe to help them reach the next stage of international growth.

GCP(Google Cloud Platform)

GCP(Google Cloud Platform) Azure AWS Enterprise readiness

SaaS Rule of 40 Drivers Using KeyBanc’s 2021 SaaS Survey

SaaStr

NOVEMBER 4, 2021

As a result, maintaining the same “Rule of 40” score requires 1% of extra revenue growth for 1% of profit margin investment. To achieve that 1%:1% growth/margin ratio would require incredibly short investment payback periods. You can’t pay your Azure bill or office lease in “Rule of 40” points.

SaaS

SaaS Technical Review Benchmarks Azure

The 4 Questions Startups Should Ask Themselves about Building with Generative AI

Tom Tunguz

APRIL 6, 2023

In the cloud, AWS, Azure, & GCP have created about as much market cap as all the top 100 B2B & B2C publics built on cloud (Netflix, ServiceNow, AirBnb, etc). It’s likely startups start at plug-ins & then move down with scale that affords more usage & more capital to invest.

Generative AI

Generative AI AI GCP(Google Cloud Platform) Startup

Investing in Wiz

Andreessen Horowitz

MAY 7, 2024

We joke about founders being “grown in a lab” to start certain companies, and the Wiz team embodies that perfectly: Assaf and his cofounders have spent two decades together, first co-founding Adallom, a CASB that they sold to Microsoft, and then building the Azure security stack as leaders at Microsoft.

Investment

Investment Cybersecurity Azure Cloud

Clouded Judgement 10.27.23 - Cloud Giants Report Q3 '23

Clouded Judgement

OCTOBER 27, 2023

Subscribe now Cloud Giants Report Q3 ‘23 Not a great signal for software this week from the Cloud Giants (AWS, Azure and Google Cloud)…After Q2 (3 months ago), the tone from the Cloud Giants around optimizations was largely: optimizations have started to ease, and net new workloads have picked up. Staggering scale already.

Cost optimization & reporting

Cost optimization & reporting Cloud Azure AWS

Snowflake, CrowdStike and SumoLogic: “How to Leverage the Cloud Giants to Scale to 100 Million ARR and Beyond”

SaaStr

MARCH 31, 2022

Azure’s marketplace has over 4 million monthly visitors. It’s definitely an investment that requires that kind of executive level visibility. And a lot of this depends on your go to market, but we are selling jointly with the AWS and the Azure, et cetera sellers too. AWS’s marketplace has seen 1.5 Good advice.

Scale

Scale Marketplace as a Service Cloud SaaS Payments

Clouded Judgement 2.2.24 - Cloud Giants Report Q4 '23

Clouded Judgement

FEBRUARY 2, 2024

” Microsoft on Azure : “And I think last quarter, we said one, we are going to continue to have these cycles where people will build new workloads. Azure (excluding Azure AI) continued to decelerate, and while AWS did come in ahead of expectations, it wasn’t a blow out. Securities and Exchange Commission.

Cost optimization & reporting

Cost optimization & reporting Cloud Azure AWS

Clouded Judgement 5.3.24 - Hyperscalers Report Q1 + Early Look at Software Reports

Clouded Judgement

MAY 3, 2024

We now have results from the three hypersclaers (AWS / Azure / GCP). This is for information purposes and should not be construed as an investment recommendation. Altimeter is an investment adviser registered with the U.S. Past performance is no guarantee of future performance. Securities and Exchange Commission.

Cost optimization & reporting

Cost optimization & reporting Cloud Software Azure

What to Know About the Software Buying Landscape in 2023: What’s Changed, What’s the Same, and What Your Buyers Want with G2 CMO Amanda Malko (Video)

SaaStr

DECEMBER 26, 2022

The role of AWS, Azure, and Google Cloud Marketplace is becoming increasingly important. “45% Categories like customer success, learning management platforms, and onboarding software are witnessing increased investments. . The value of community expertise: Invest in advocacy and connecting customers with each other. .

Software Review

Software Review Software Azure Cloud

Clouded Judgement 10.20.23 - Hyperscaler Q3 Preview

Clouded Judgement

OCTOBER 20, 2023

Hyperscaler Preview Next week Amazon, Microsoft and Google report earnings and we’ll see Q3 data for AWS, Azure and Google Cloud. This is for information purposes and should not be construed as an investment recommendation. Altimeter is an investment adviser registered with the U.S. Securities and Exchange Commission.

Cloud

Cloud Azure AWS Software Review

Clouded Judgement 8.2.24 - Uncertainty Everywhere

Clouded Judgement

AUGUST 2, 2024

Cloud Giants Report Q2 We also got the Q2 quarters from AWS / Azure / GCP this week! Our expectation, obviously again, is that we are going to significantly increase our investments in AI infrastructure next year, and we'll give further guidance as appropriate.” Altimeter is an investment adviser registered with the U.S.

Cloud

Cloud Azure GCP(Google Cloud Platform) AWS

A Look Back at Q4 '23 Public Cloud Software Earnings

Clouded Judgement

APRIL 11, 2024

It looks at the YoY dollar change in quarterly revenue from the hyperscalers (just looking at Azure / AWS because the data goes back further) going back a few years. If we break this down and look at Azure and AWS independently (graphs below), you’ll see how the AWS “swings” were a lot more volatile.

Cloud

Cloud Software Azure AWS

How Shopify Implements AI Across Sales and Product with Mike Tamir, Head of AI at Shopify, and Rudina Seseri, Managing Partner at Glasswing Ventures

SaaStr

APRIL 26, 2024

Historically, Cloud platforms like AWS and Azure help with the sporadic needs of renting a GPU for a few hours for training vs. long-term use, which would cost thousands of dollars. You need to invest in experimentation frameworks, and you have to balance that with the numbers. What about ROI?

AI Search

AI Search AI Artificial Intelligence Scale

Clouded Judgement 10.28.22

Clouded Judgement

OCTOBER 28, 2022

Hyperscalers Report Quarterly Earnings This week we saw AWS (Amazon), GCP (Google) and Azure (Microsoft) report earnings. At the same time, Azure came in below expectations. Azure called out an incremental $800m of costs expected throughout the year (they just finished their Fiscal Q1).

Cloud

Cloud Azure AWS Cost optimization & reporting

Clouded Judgement 1.6.23

Clouded Judgement

JANUARY 6, 2023

Cloud Downgrades This week UBS came out with a couple research reports citing concerns in AWS / Azure growth. This brings me back to AWS / Azure downgrades. This was the worst tone that we’ve heard in years from large AWS/Azure partners, a group that usually expresses different shades of optimism about AWS/Azure growth.”

Cloud

Cloud Azure AWS Underperforming Technical Team

Clouded Judgement 4.28.23

Clouded Judgement

APRIL 28, 2023

AWS (Amazon), Azure (Microsoft), and Google Cloud (Google) all reported this week. Azure reported on Tuesday and gave us that glimmer of hope. Azure : Coming into the quarter, a growth rate that would have satisfied the market would have been ~29%. Azure came in at 31% (constant currency). Follow along to stay up to date!

Cloud

Cloud Azure AWS AI Search

$13b Run Rate & Doubling

Tom Tunguz

JANUARY 29, 2025

Azure other cloud services revenue grew 31%. RPOs, or remaining performance obligations, are customer prepurchases of Azure compute that haven’t yet been used. 300b of RPO is basically the next 2 years of Azure revenue already committed. The AI subset is on a $13b run rate, more than double last year.

Azure

Azure Software Review AI Engineering

Clouded Judgement 1.27.23

Clouded Judgement

JANUARY 27, 2023

Azure (Microsoft) Quarter The week the first of the cloud giants reported - Azure. Early Look at 2023 Guides Given the Azure weakness reported on Tuesday, all software tumbled Wednesday morning with most names down 5-10%. Every week I’ll provide updates on the latest trends in cloud software companies.

Cloud

Cloud Azure Pricing Subscription

Clouded Judgement 9.27.24 - The Foundation of Foundation Models

Clouded Judgement

SEPTEMBER 27, 2024

Microsoft launched Azure in 2010, and Google launched GCP to the public in 2011 (they launched a preview of Google App Engine in 2008, but made it publicly available in 2011). This is for information purposes and should not be construed as an investment recommendation. Altimeter is an investment adviser registered with the U.S.

Cloud

Cloud GCP(Google Cloud Platform) AWS Azure

Clouded Judgement 5.31.24 - Software Sentiment Crumbles

Clouded Judgement

MAY 31, 2024

This can lead to an airpocket of valuation as companies transition to a different primary valuation metric Outside of the hypserscalers (Azure, AWS, GCP) who have uniquely benefited from AI revenue (mainly selling compute), everyone else has largely struggled. But these investments aren’t cheap. Q4’s were generally good!

Cloud

Cloud Software GCP(Google Cloud Platform) AI

Clouded Judgement 5.10.24 - Software Weakness Across the Board

Clouded Judgement

MAY 10, 2024

All 3 (AWS, Azure, GCP) saw positive reacceleration Quarterly Reports Summary Top 10 EV / NTM Revenue Multiples Top 10 Weekly Share Price Movement Update on Multiples SaaS businesses are generally valued on a multiple of their revenue - in most cases the projected revenue for the next 12 months. Securities and Exchange Commission.

Cloud

Cloud Software GCP(Google Cloud Platform) Azure

Clouded Judgement 8.4.23 - Cloud Giants Q2 Update

Clouded Judgement

AUGUST 4, 2023

You can see more detail about their net new ARR added each quarter below Azure Growth came in at 27%, and guided to 25-26% growth for Q3. Then Q2 came in at 12% (must have seen improvements throughout the quarter). And most importantly, they’ve seen these positive trends continue.

Cloud

Cloud Azure AWS Cost optimization & reporting

Clouded Judgement 6.9.23 - Recap of Consumption Trends in Q1 '23

Clouded Judgement

JUNE 9, 2023

Usage on Snowflake is driven by queries run on Snowflake Azure: Neutral Tone With Strength in AI Overall I’d characterize Azure’s quarter as a net positive. They guided to 26-27% growth in Azure in Q2 (with 1% coming from AI). Their consumption is driven by usage of applications built on top of Mongo.

Trends

Trends Cloud Azure AWS

Clouded Judgement 7.28.23 - Optimization Cycles and Economy Update

Clouded Judgement

JULY 28, 2023

AI = Data + Compute I’ll continue beating this drum, but we got two great quotes from Azure and AWS this week. This week we had two of the hypserscalers report (Microsoft / Azure and Google / GCP), and everyone was eager to see their results. Lots to unpack, I’ll hit on a couple of my favorite topics from this week below.

Cloud

Cloud Azure AWS GCP(Google Cloud Platform)

Clouded Judgement 4.21.23

Clouded Judgement

APRIL 21, 2023

Next week we get all 3 hyperscalers reporting (AWS from Amazon, Azure from Microsoft, and GCP from Google). Let’s double click on Azure. Q1 Earnings Season We’re on the eve of Q1 earning season. The Q4 ‘22 growth rate was 38% YoY.

Cloud

Cloud Azure AWS GCP(Google Cloud Platform)

Clouded Judgement 11.10.23 - OpenAI Updates + Datadog Gives the All-Clear?

Clouded Judgement

NOVEMBER 10, 2023

Hyperscalers (AWS, Azure, GCP as companies look for cloud GPUs who aren’t building out their own data centers) Infra (Data layer, orchestration, monitoring, ops, etc) Durable Applications We’ve clearly well underway of the first 3 layers monetizing. Altimeter is an investment adviser registered with the U.S.

Cloud

Cloud Artificial Intelligence GCP(Google Cloud Platform) AI

Windows 12 and AI: a coming boon or boondoggle?

IT World

FEBRUARY 8, 2023

There’s good reason for that investment. Microsoft already has released a public preview of its cloud-based Azure OpenAI service which will allow businesses to use AI without having to build infrastructure. Expect many more billions to follow. AI will reap many billions in revenue for the company, particularly its cloud business.

AI

AI Artificial Intelligence Azure Cloud

Clouded Judgement 3.22.24 - ERR vs ARR and the Conundrum of AI Revenue Streams Today

Clouded Judgement

MARCH 22, 2024

This is why the consumption players (Snowflake, Mongo, Confluent, Azure, AWS, etc) so more variability in the macro slowdown. This is for information purposes and should not be construed as an investment recommendation. Altimeter is an investment adviser registered with the U.S. Securities and Exchange Commission.

AI

AI Cloud Revenue Technical Advisors

SaaS User Management Tips and Best Practices

User Pilot

MARCH 12, 2024

Invest in a good SaaS user management solution Finally, you cannot properly manage your different SaaS tools and users without a proper SaaS user management solution for your team. Azure Active Directory : Also known as Azure AD, this is a cloud-based identity and access management service from Microsoft.

Management

Management Azure SaaS Systems Review

Clouded Judgement 4.26.24 - Azure Gives Positive Infra Software Preview

Shopify Says eCommerce is Back. But AWS Says Cloud Under More Scrutiny.

Trending Sources

The Capex Conquest in the Cloud

From $1M to $3B ARR: Databricks CRO Ron Gabrisko on Scaling a Revenue Rocket Ship

Cloud Stocks May Be Down. But the Cloud Remains on Fire. That Matters More.

Founders Today Just Need to Assume the Next Round Never Comes

Signs We've Touched the Bottom

When 1% Market Share Shifts Represent $5b of Market Cap

Dear SaaStr: What is The Average Ratio of Support Staff to Customer Count in SaaS?

A Look Back at Q1 '24 Public Cloud Software Earnings

Clouded Judgement 2.7.25 - "Group + Triage" AI Systems

Lopsided AI Revenues

Clouded Judgement 10.11.24 - Budget Flush

Investing in Tigris

Thanks to ChartMogul, ChurnZero, Cledara, Secureframe, and Verdane for Sponsoring SaaStr Europa 2023!

SaaS Rule of 40 Drivers Using KeyBanc’s 2021 SaaS Survey

The 4 Questions Startups Should Ask Themselves about Building with Generative AI

Top Cloud Stories of The Week!!

Investing in Wiz

Clouded Judgement 10.27.23 - Cloud Giants Report Q3 '23

Snowflake, CrowdStike and SumoLogic: “How to Leverage the Cloud Giants to Scale to 100 Million ARR and Beyond”

Clouded Judgement 2.2.24 - Cloud Giants Report Q4 '23

Clouded Judgement 5.3.24 - Hyperscalers Report Q1 + Early Look at Software Reports

What to Know About the Software Buying Landscape in 2023: What’s Changed, What’s the Same, and What Your Buyers Want with G2 CMO Amanda Malko (Video)

Clouded Judgement 10.20.23 - Hyperscaler Q3 Preview

Clouded Judgement 8.2.24 - Uncertainty Everywhere

A Look Back at Q4 '23 Public Cloud Software Earnings

How Shopify Implements AI Across Sales and Product with Mike Tamir, Head of AI at Shopify, and Rudina Seseri, Managing Partner at Glasswing Ventures

Clouded Judgement 10.28.22

Clouded Judgement 1.6.23

Clouded Judgement 4.28.23

$13b Run Rate & Doubling

Clouded Judgement 1.27.23

Clouded Judgement 9.27.24 - The Foundation of Foundation Models

Clouded Judgement 5.31.24 - Software Sentiment Crumbles

Clouded Judgement 5.10.24 - Software Weakness Across the Board

Clouded Judgement 8.4.23 - Cloud Giants Q2 Update

Clouded Judgement 6.9.23 - Recap of Consumption Trends in Q1 '23

Clouded Judgement 7.28.23 - Optimization Cycles and Economy Update

Clouded Judgement 4.21.23

Clouded Judgement 11.10.23 - OpenAI Updates + Datadog Gives the All-Clear?

Windows 12 and AI: a coming boon or boondoggle?

Clouded Judgement 3.22.24 - ERR vs ARR and the Conundrum of AI Revenue Streams Today

SaaS User Management Tips and Best Practices

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