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Subscribe now Cloud Giants Report Q1 + Early Look at Software Results Q1 earnings seasons has officially kicked off! First, companies have largely completed the lion's share of their costoptimization and turned their attention to newer initiatives. We’ve already had ~20% of software companies report Q1.
When companies reported Q4 ‘23 quarters, sentiment started to emerge that software was “bouncing back.” Coming out of that, every company from the largest enterprise to the smallest startup started thinking very critically about costoptimizations. Costoptimizations were everywhere.
Subscribe now Cloud Giants Report Q4 ‘23 Two quotes from the Amazon and Microsoft earnings call really stood out to me this week. Similar to what we shared last quarter, we continue to see the diminishing impact of costoptimizations. Every week I’ll provide updates on the latest trends in cloud software companies.
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.
Q1 earnings season for cloud businesses is now behind us. The 62 companies that I’ll discuss here (which is not an exhaustive list, but is still comprehensive) all reported quarterly earnings sometime between April 24th – June 10th. The growth shown below is a year-over-year growth for reported quarters.
Basics: The Building Blocks of the Finance Team To understand how finance teams impact an organization, it’s helpful to break down various functions and how they support the business. Team members are responsible for putting together a company’s financial plan, budgeting, and building a financial roadmap for their business.
.” And Adam Selipsky at Amazon said “many customers have completed their costoptimization, and we’re hopeful for increased growth. It shows the number of months it takes for a SaaS business to payback their fully burdened CAC on a gross profit basis. We’re still in the early days of the cloud.”
Last month, IT Brews webinar focused on an all too common issue – rising software costs colliding with sprawling tech stacks. The future of SaaS management With continued stressors like security and costoptimization, the future of SaaS management relies on integrating both user and spend management.
Subscribe now Cloud Giants Update “What we're seeing in the quarter is that those costoptimizations, while still going on, are moderating and many maybe behind us in some of our large customers. And now we're seeing more progression into new workloads, new business. So those balanced out in Q2.
Hyperscalers Report Quarterly Earnings This week we saw AWS (Amazon), GCP (Google) and Azure (Microsoft) report earnings. It’s always great that the hyper scalers report first, I’ll keep an eye on all of the upcoming reports to see what trends emerge. Quarterly Reports Summary Earning season is upon us!
With just about every company now running on SaaS, managing software applications has evolved from simple license tracking to a complex orchestration of integrations, performance monitoring, security, and costoptimization. This helps eliminate unnecessary costs and streamline your technology stack.
Optimize cloud economics and drive Business Goals. Integration Dependencies: Embedding your features into their day-to-day business processes can be a good thing. They often rely on software that’s older than your company to run their business. It’s not just that enterprises are rich targets. Read more here. #6
That’s what makes virtual team building critical to business success. Choose fiction, an inspiring business book, or an autobiography, and get together with colleagues to share your views. There’s plenty of business-related ones, or let the employee choose something that indulges their passions. Then there’s the practical side.
First, SaaS is a business strategy, not a technology strategy. The challenge is to build common ground between business and architecture so as to translate business assumptions into critical technical solution inputs. The more you can learn what value these features deliver to your customers at a lower cost?
We’re seeing this occur within our startups Transition: Speaking of cost, let’s talk about the expense of AI Slide 11 Clearing: In the 24 months after chatGPT3 was released, a parameter race was unleashed where the sizes of models became ever larger, culminating most recently with Lama 3.3 at 450 billion parameters.
BetterCloud’s 2024 State of SaaSOps report found that for the first time ever, SaaS growth stalled – for the first time ever. Businesses are realizing the value of software that already exists in their techstack that offers multiple functionalities, eliminating the need for redundant tools with overlapping features.
It requires essential and important entities to take cybersecurity measures and report incidents. Prompt reporting of incidents to relevant authorities and stakeholders is crucial for minimizing damage and coordinating a response. Costoptimization: Preventing breaches avoids expensive incident response and recovery costs.
But surprisingly, most businesses have had a (very) late-start to actioning CX strategies. Over 80% of business leaders agree that CX offers a competitive edge — this remains unchanged across 2015 to 2020. 2020 will see businesses face several roadblocks to BAU operations. It reduces your cost-to-serve. Yet, only 26.2%
Lets dive into how to navigate the complexities of SaaS vendor management, focusing on costoptimization and risk mitigation to benefit both your IT systems and your financial health. Reduce wasted SaaS spend There are times when different business units and departments in an organization use various tools with similar functionalities.
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