Paul Gillin
Latest from Paul Gillin
With massive $1B infusion, Databricks takes aim at IPO and rival Snowflake
When Bloomberg recently disclosed Databricks Inc.’s ambitions to go public early this year, it noted that the company was aiming for a “significantly higher” valuation than the $6.2 billion it was assigned after closing a $400 million Series F round in late 2019. Databricks got its wish without even having to file the SEC paperwork. ...
IBM Garage’s agile techniques are remaking the company’s services unit
The COVID-19 pandemic has accelerated deployment of cloud-based projects worldwide and the IBM Corp. Garage is reaping the benefits. The co-creation and agile development unit within IBM’s Global Business Services organization saw client engagements soar from 300 last January to 1,500 this month even as its workforce pivoted to virtual offices. The unit’s grounding in cloud ...
SAP beats sales and earnings estimates atop continued cloud growth
SAP SE provided few surprises in its fiscal fourth-quarter earnings announcement early today, which it had previewed earlier this month, as the enterprise resource planning giant notched declines in both revenue and operating profit but beat analysts’ estimates on metrics. The company gave an upbeat account of its aggressive campaign to move customers to the ...
Neo4j outfits its hosted graph database service for enterprise use
Graph database vendor Neo4j Inc. today introduced a fully managed version of its product with what it calls enterprise-grade security and massive scalability. The new Neo4j Aura Enterprise isn’t the company’s first foray into managed services. It launched Aura Professional, a service aimed at developers, in 2019. Although the new offering is functionally the same, ...
Cloud and PCs help Microsoft toast estimates in its first $40 billion quarter
Microsoft stock soared nearly 5% in early after-hours trading as the company trounced lowered revenue and profit expectations for its fiscal second quarter and topped $40 billion in quarterly sales and $15 billion in profit for the first time. Both the cloud and personal computer segments led the growth as surging demand created by the ...
IBM misses revenue target but says steady growth will resume this year
IBM Corp. beat analysts’ expectations today with fourth-quarter earnings of $2.07 per share, 28 cents better than the $1.79 that was expected, but growth continues to be elusive. Revenue fell 6.5% from the same quarter last year, to $20.37 billion, about 1.3% below the consensus of $20.63 billion. The company promised to return to “mid-single-digit” ...
Kyligence’s Apache Kylin-based distributed data warehouse gets cloud-native features
Kyligence Inc., developer of an analytics platform based upon the Apache Kylin open-source distributed data warehouse, today released the fourth generation of the cloud version of its analytics platform. Kyligence Cloud 4 has cloud-native features such as independent storage and compute scaling and support for object storage. The new version uses pre-computation and machine learning ...
Where’s cloud computing headed this year? The experts lay down their cards
Edge computing, vertical clouds, a profusion of multicloud options and the end of on-premises backup. Those are a few of the prognostications being put forward by cloud computing pundits and information technology providers amid the flood of predictions that jam our inbox at this time each year. Here are a few of them, along with ...
SambaNova unveils purpose-built AI machine
SambaNova Systems Inc., an artificial intelligence hardware startup that has raised more than $465 million in venture funding, today introduced its long-anticipated computing platform optimized for AI workloads. SambaNova Systems DataScale employs custom seven-nanometer chips that the company says are better attuned to machine learning and deep learning processes than the general-purpose microprocessors and graphics ...
Okta surfs cloud migration wave to strong revenue and earnings growth
Okta Inc. continues to reap the benefits of the shift to remote work and accelerated adoption of cloud computing with fiscal third-quarter results that soundly beat analyst estimates. Revenue rose 42% from a year ago, to $217.4 million, well ahead of the $203 million the company had forecast last quarter and the $202.7 million analysts expected. Subscription ...