Source GigaOM It goes without saying that with its array of web services, Amazon has transformed the computing landscape and nurtured what is generically known as the cloud computing industry. By turning expensive storage and computing hardware into a billable service, it has opened up new vistas for entrepreneurs and made corporations rethink how they build and use their computing and storage resources. The question often people ask: how much money is Amazon making from these web services. I have heard some wild estimates. Today, UBS Investment Research analysts Brian Pitz and Brian Fitzgerald released a report which puts revenue
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Cloud Growth – Cisco posts 79 percent jump in quarterly profit
by cloudtweaks on August 12, 2010
in Business, Cloud Computing, Invest, IT, Stocks, Technology, Trends
Cisco Systems CEO John Chambers on Wednesday reported strong revenue and profit — as well as thousands of new hires around the globe, including hundreds in San Jose — but his upbeat comments came amid “mixed signals” from customers nervous about the wobbly global economy. On a day markets plunged on worries about a stalling economic recovery, Cisco, the San Jose maker of the plumbing for the Internet, reported a $1.9 billion profit for its fourth quarter, a 79 percent increase from the same period a year earlier. Earnings were 33 cents a share, or 43 cents a share excluding
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