Mumbai: Google on Monday announced plans to open a new office in Pune this year, that will hire professionals for building advanced enterprise cloud technologies.

Expected to open in the second half this year, the facility will hire people for Cloud product engineering, technical support and global delivery centre organisations.

The company said it has kicked off recruitments, alongside rapidly growing teams in Gurugram, Hyderabad and Bengaluru.

As an IT hub, our expansion into Pune will enable us to tap top talent as we continue to develop advanced cloud computing solutions, products and services for our growing customer base, said Anil Bhansali, VP of Cloud Engineering in India.

The hires will be responsible for building advanced enterprise cloud technologies in collaboration with Google Clouds global engineering teams, providing real-time technical advice, and delivering product and implementation expertise that customers turn to Google Cloud for as their trusted partner.

Google Cloud has hired some key industry people in recent months in India, including former AWS veteran Bikram Singh Bedi as Managing Director, Google Cloud India.

In November last year, the company hired senior IBM executive Subram Natarajan as Director of Customer Engineering for its India operations.

Google last year opened it second Cloud region in the country in Delhi-NCR and close to the government quarters to further serve businesses of all sizes especially the public sector.

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Google Cloud to open new India office later this year - The Siasat Daily

Global Cognitive Cloud Computing Market research report 2021 is detailed industries reason about on the present state of the industry which studies advanced strategies for business growth and defines important factors such as top players, value, key regions, growth rate, SWOT analysis i.e., Strength, Weakness, Opportunities and Threat to the organization and others. The report provides the present scenario and the growth forecasts of the global Cognitive Cloud Computing Market. To analyze the market scope, the report presents an inclusive description of the market by the method of examining, combination and summary of data from numerous sources.

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Global Cognitive Cloud Computing Market 2021 Trends and Forecast 2029 | Major Key player Google, Inc., IBM Corporation, Amazon Web Services, Inc.,...

In this segment of Motley Fool Live, recorded on Jan. 6, Fool contributor Trevor Jennewine explores how DigitalOcean (NYSE:DOCN) has been able to gain some significant traction in the crowded cloud computing space.

Trevor Jennewine: DigitalOcean is in the cloud computing business. This is going to be a high-growth tech company. It provides a range of infrastructure services like compute, storage, networking, and platform services like application development tools.

When most people think about cloud computing, I'm assuming Amazon (NASDAQ:AMZN) Web Services, Google (NASDAQ:GOOGL) Cloud, Microsoft (NASDAQ:MSFT) Azure come to mind, and with good reason, those three companies hold over 60% market share in the cloud computing industry, and they all have much larger portfolios than DigitalOcean.

But those cloud titans tend to tailor their products to larger enterprises. That means they're often too complex for the small and medium-sized businesses and the individual developers of the world.

I think the situation is somewhat similar to the way that financial institutions used to prioritize larger businesses. It was difficult to integrate third-party hardware, software, and payment processing services, and then Square [now known as Block (NYSE:SQ)] came along and it provided this end-to-end self-service solution and addressed the needs of those small and medium-sized businesses and it's really gained a lot of traction.

Now, Block is moving upstream, it's gaining traction with mid-market sellers, and I can see DigitalOcean following a similar path in cloud computing. The big thing here is that they simplify cloud computing. They tailor their platform to those small and medium-sized businesses. They have a very simple user interface. They actually say it's possible to get up and running with just three clicks without any formal training.

The company also provides infrastructure performance monitoring tools free of charge. Clients can troubleshoot and resolve problems. On top of that, they have an extensive library of tutorials. There's 24/7 technical support for every single customer regardless of how much they're paying.

I think that's particularly important, especially if you're not familiar with cloud computing or you're new to the technology. I think that they hold your hand through it and I think that's important. I also think there's a little bit of a network effect.

Developers can access these preconfigured applications through the DigitalOcean marketplace. As the company's customer base grows, the number of available products in the marketplace should grow too which creates value for all of DigitalOcean's customers.

This article represents the opinion of the writer, who may disagree with the official recommendation position of a Motley Fool premium advisory service. Were motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.

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Is This Tech Stock the Square of Cloud Computing? - The Motley Fool

When I wrote the post DevOps, DevApps, and the Death of Infrastructure last year, at the time I saw many things coming, often influenced by the pandemic. In 2020, McKinsey and Co. found that digital transformation accelerated globally due to the pandemic. As we finished 2021 with new considerations for continued digital transformation, it is no longer a trend but a business requirement for companies that want to stay relevant in a socially distanced world.

Mark Hinkle

Mark has a long history in emerging technologies and open source. Before co-founding TriggerMesh, he was the executive director of the Node.js Foundation and an executive at Citrix, Cloud.com and Zenoss, where he led its open source efforts.

I credit my career at the forefront of many computing trends for my knack for seeing whats coming next. I worked at the first national ISP, at a Linux desktop company during the year of the Linux desktop (yes, 1999 now).

I drove through a blizzard in Belgium with Patrick Debois, the father of DevOps, before DevOps entered the enterprise software lexicon. I was an executive at one of the first cloud computing companies, and now I am fortunate to work at a cloud native company, TriggerMesh.

Heres a list of things I believe will drive enterprise software and cloud computing in 2022.

Composable infrastructure allows for the abstraction of computing, storage and network resources to be controlled via an API. As a result, composable infrastructure makes data center resources as readily available as cloud services so they can support private and hybrid cloud solutions. Today, we have the building blocks to construct massively scalable businesses on this infrastructure, opening the door for an even more powerful evolution of composability.

As infrastructure abstraction grows, we are beginning to see applications composed of cloud services to create cloud native services. Soon, we wont compile software but rather chain microservices together into cloud native applications, something I call DevApps.

For example, we have seen the growth of HashiCorps Terraform to deploy cloud infrastructure, the latest evolution of infrastructure as code. The next logical step is what we at TriggerMesh call integration as code. The same DevOps practices used to manage infrastructure deployment should be used for integrations. To fuel this next era, TriggerMesh open sourced our cloud native integration platform to help enterprises build composable cloud native applications. This composability lends itself to automation for deployment and interaction of services, as well as the addition of artificial intelligence and machine learning to create more innovative applications in future years.

In the past, security has often been an afterthought, something added at the end of the project, not a design point at the beginning. Nowadays, development cycles last days or weeks or at most months. To be effective in observing DevOps practices, you need to rapidly develop new features and deploy them frequently without sacrificing security. This is generally a good practice, but according to Sonatypes 2021 State of the Software Supply Chain report:

In 2021, the world witnessed a 650% increase in software supply chain attacks aimed at exploiting weaknesses in upstream open source ecosystems. For perspective, the same statistic was 430% in the 2020 version of the report.

And when the Log4j exploit hit in December, the developer community got another rude wake-up call around security. Safety never takes a vacation, and neither should security. In response to a growing number of threats, we will see an increase in technologies providing supply chain security, including startups like Chainguard, founded by Google ex-pats to ensure that build systems are secured before the software is deployed into production.

There has been a ton of fanfare around serverless for the past few years. However, I believe the hype isnt just because of the serverless success stories but for the overarching category of the event-driven architecture of which serverless is a part. Serverless is EDA. An event triggers a serverless function that scales up and then down as needed, for example, when EventBridge consumes events from AWS Kinesis then triggers a Lambda function. Though the adoption of serverless has been good, the adoption of the foundational technologies, like event-streaming technologies Apache Kafka and newcomers like Apache Pulsar, is growing and providing the foundation for even more interesting examples of EDA.

A report by Coleman Parkes sponsored by Solace found that 72% of global organizations take advantage of event-driven architectures. These organizations saw many events resulting from adopting EDA and are seeing the benefits of real-time data and automation.

Event-driven architecture will increase organizations ability to access data faster in real-time and take action on that data through automation and data synchronization.

In the early days of cloud computing, there was a lot of talk about public and private clouds. Today, the word is about cloud without the qualification, with the adoption of Kubernetes growing fast, with production use increasing to 83% in 2020. Not only was Kubernetes adoption growing, but on-premises deployments of Kubernetes were rising at a much faster rate than managed cloud offerings.

And an increase in private cloud usage was also on the rise. So this is why I think the trend is not just in cloud computing but just cloud native.

Twenty years ago, many enterprises were wary of open source software. Today, we see open source as a standard for the cloud infrastructure. Linux, KVM, and Kubernetes provide the foundation for many cloud services. Tooling from HashiCorp, Elastic, Confluent, Kong and numerous other projects is providing the backbone for managing cloud infrastructure. This trend is only growing. I suspect projects coming from the CNCF Sandbox will continue to mature and become part of that production ecosystem along with many others.

According to Red Hats State of Enterprise Open Source report, 79% of enterprises expect to use enterprise open source software for emerging technologies to increase over the next two years. Also, 87% see enterprise open source as more secure than proprietary software.

Today, the tables have turned, and even the most conservative industries take an open source first stance when sourcing their infrastructure software. Here are some open source projects related to cloud computing and DevOps for 2022.

These are just a few examples of high-quality open source applications that can improve productivity and effectiveness for cloud operators, DevOps and cloud native developers.

The forecast for 2022 is cloudy. The companies that have weathered the pandemic best have leveraged cloud technology to increase productivity. Others did so to help modernize their business and survive a more socially distanced world. To that end, Gartner predicts global spending on cloud services to reach over $482 billion in 2022, up from $313 billion in 2020.

Also, since the publication of The DevOps Handbook five years ago, Google Trends has shown an all-time high for DevOps searches in 2021, and that is likely to increase through 2022. Combine that with massive open source growth illustrated in GitHubs Octoverse report, including 16 million new users on GitHub raising the total number to 73 million and 61 million new repositories created. So well likely have a very DevOpsy, open source and cloudy 2022.

The New Stack is a wholly owned subsidiary of Insight Partners, an investor in the following companies mentioned in this article: Docker.

Feature image via Pixabay

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DevOps, Pandemics and 2022's Cloud-y Future The New Stack - thenewstack.io

Workday, Inc. (WDAY) and Bill.com Holdings, Inc. (BILL) are two prominent companies that offer enterprise cloud solutions worldwide. WDAY develops enterprise cloud applications that help customers manage critical business functions and optimize their financial and human resources for the finance, healthcare, manufacturing, education, and technology industries. In comparison, BILL provides cloud-based software that simplifies, digitizes, and automates back-office financial operations for small and midsize businesses. The company offers bill workflow, payment processing, business document filing services, electronic invoicing, and mobile application management tools.

Apart from the ongoing digitalization across industries, the readoption of remote working amid the resurgence of COVID-19 cases is driving the demand for cloud computing solutions. Moreover, many businesses are increasingly spending on cloud migration to make their operations efficient and stable. The global cloud computing market is expected to grow at a 16.3% CAGR to reach $947.30 billion by 2026. So, both WDAY and BILL should benefit.

WDAY is a winner with 9.6% gains versus BILLs negative returns in terms of the past six months performance. But which of these stocks is a better pick now? Let us find out.

Latest Developments

On November 18, 2021, WDAY entered into a definitive agreement to acquire VNDLY, an industry leader in cloud-based external workforce and vendor management technology, for $510 million in cash. This will enable WDAY to provide organizations with a unified workforce optimization solution and support evolving workforce dynamics.

On November 9, 2021, at the Sage Transform event, BILL announced rolling out a series of new product features that expand its ability to be the all-in-one financial operations platform for small and midsize businesses and accountants. Offering features to organizations that easily control back-office, provide real-time insight, and better cash flow management, WDAY is looking forward to providing businesses with increased visibility, control, and new payment options.

Recent Financial Results

WDAYs total revenues for its fiscal 2021 third quarter ended October 31, 2021, increased 20% year-over-year to $1.33 billion. The companys operating income came in at $332.25 million, up 23.9% from the year-ago period. Its net income came in at $286.58 million for the quarter, indicating a 30.4% year-over-year improvement. Its non-GAAP EPS increased 27.9% year-over-year to $1.10. The company had $1.30 billion in cash as of October 31, 2021.

For its fiscal 2022 first quarter ended September 30, 2021, BILLs revenue increased 151.9% year-over-year to $116.40 million. The companys non-GAAP gross profit came in at $96.98 million, up 175.3% from the prior-year period. Its non-GAAP loss from operations came in at $11.14 million, indicating a 394.9% rise from the prior-year period. While its non-GAAP net loss increased 889.1% year-over-year to $14.07 million, its non-GAAP loss per share grew 650% to $0.15. The company had $2.01 billion in cash and cash equivalents as of September 30, 2021.

Past and Expected Financial Performance

WDAYs revenue and total assets grew at a CAGR of 23.2% and 23.6%, respectively, over the past three years.

WDAYs EPS is expected to grow 33.4% year-over-year in the fiscal year 2022, ending January 31, 2022, but decline 9% in fiscal 2023. The companys revenue is expected to increase 18.7% year-over-year in fiscal 2022 and 19.3% in fiscal 2023. WDAYs EPS is expected to grow at a 15.8% rate per annum over the next five years.

In comparison, BILLs revenue and total assets increased at CAGRs of 54.3% and 79.7%, respectively, over the past three years.

Analysts expect BILLs EPS to remain negative in fiscal 2022 and 2023. Its revenue is expected to grow 127.3% year-over-year in fiscal 2022 and 36.9% in fiscal 2023. The companys EPS is expected to decline at a rate of 28.7% per annum over the next five years.

Valuation

In terms of non-GAAP P/E for the next fiscal year, WDAY is currently trading at 71.49x, compared to BILLs negative 261.22x. In terms of forward EV/Sales, WDAYs 12.12x compares with BILLs 32.58x.

Profitability

WDAYs trailing-12-month revenue is almost 15.9 times BILLs. However, WDAY is more profitable, with an 8.2% EBITDA margin versus BILLs negative value.

Furthermore, WDAYs ROA, ROE, and ROTC of 0.9%, 0.5%, and 0.7%, respectively, compare favorably with BILLs negative values.

POWR Ratings

While WDAY has an overall B grade, which translates to Buy in our proprietary POWR Ratings system, BILL has an overall F grade, equating to a Strong Sell. The POWR Ratings are calculated by considering 118 distinct factors, each weighted to an optimal degree.

WDAY has a C grade for Value, which is in sync with its slightly higher-than-industry valuations. WDAY has a 2.5x non-GAAP forward PEG, 55.8% higher than the 1.61x industry average. BILLs F grade for Value reflects its overvaluation. BILLs 32.58x forward EV/Sales is 703.3% higher than the industry average of 4.06x.

WDAY has a B grade for Quality, consistent with its higher-than-industry profitability ratios. WDAYs 35.3% trailing-12-month levered free cash flow margin is 200.2% higher than the 11.8% industry average. BILLs D grade for Quality is in sync with its negative trailing-12-month levered free cash flow margin.

Of the 166 stocks in the Software Application industry, WDAY is ranked #24, while BILL is ranked #158.

Beyond what we have stated above, our POWR Ratings system has also rated WDAY and BILL for Growth, Sentiment, Stability, and Momentum. Get all WDAY ratings here. Also, click here to see the additional POWR Ratings for BILL.

The Winner

The growing demand for cloud-based solutions should benefit both WDAY and BILL in the upcoming months. However, relatively lower valuation and higher profitability make WDAY a better buy here.

Our research shows that the odds of success increase if one bets on stocks with an Overall POWR Rating of Buy or Strong Buy. Click here to access the top-rated stocks in the Software Application industry.

WDAY shares were trading at $249.20 per share on Tuesday afternoon, down $5.11 (-2.01%). Year-to-date, WDAY has declined -8.78%, versus a -3.47% rise in the benchmark S&P 500 index during the same period.

Sweta is an investment analyst and journalist with a special interest in finding market inefficiencies. Shes passionate about educating investors, so that they may find success in the stock market. More...

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WDAY: Which Cloud Stock is a Better Buy: Workday or Bill.com - StockNews.com