Cloud computing just had another amazing, awesome, over-the-top good week
Cloud computing has been on a roll for a while now, and instead of slowing down, it just keeps speeding up. Last week, for example, the cloud hit the accelerator big time, as demonstrated by a pair of key developments:
First, Amazon announced record quarterly results for Amazon Web Services (AWS). AWS simply blew through its Q2 numbers, hitting $2.9 billion in revenue, which was up more than $1 billion from the same quarter in 2015. Yes, quarterly revenue increased by a billion dollars in just one year.
Second, Oracle announced a $9.3 billion takeover of cloud ERP provider NetSuite. That’s a huge investment in the cloud from a company that not so long ago went out of its way to ridicule the very concept of cloud computing. (Sure, NetSuite had deep Oracle ties, but almost $10 billion to buy into the cloud is serious money.)
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