Category Archives: Cloud Computing
What is Cloud Computing? – Salesforce Europe
The Internet has its roots in the 1960s, but it wasn't until the early 1990s that it had any relevance for businesses. The World Wide Web was born in 1991, and in 1993 a web browser called Mosaic was released that allowed users to view web pages that included graphics as well as text. This heralded the first company web sites and not surprisingly, most of these belonged to companies involved in computing and technology.
As Internet connections got faster and more reliable, a new type of company called an Application Service Provider or ASP started to appear. ASPs took existing business applications and ran them for their customers. The ASP would buy the computing hardware and keeping the application running, and the customer would pay a monthly fee to access it over the Internet.
But it wasn't until right at the end of the 1990s that cloud computing as we know it today appeared. That's when salesforce.com introduced its own multi-tenant application which was specifically designed:
Since then the cloud has grown and grown: in 2013 worldwide spending on cloud servicets ran to an estimated $47 billion. And that's set to more than double to over $108 billion by 2017 as companies invest in cloud services as the foundation for new, competitive offerings.
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What is Cloud Computing? - Salesforce Europe
Cloud computing security – Wikipedia
Cloud computing security or, more simply, cloud security is an evolving sub-domain of computer security, network security, and, more broadly, information security. It refers to a broad set of policies, technologies, and controls deployed to protect data, applications, and the associated infrastructure of cloud computing.
Cloud computing and storage solutions provide users and enterprises with various capabilities to store and process their data in third-party data centers.[1] Organizations use the Cloud in a variety of different service models (SaaS, PaaS, and IaaS) and deployment models (Private, Public, Hybrid, and Community).[2] There are a number of security concerns associated with cloud computing. These issues fall into two broad categories: security issues faced by cloud providers (organizations providing software-, platform-, or infrastructure-as-a-service via the cloud) and security issues faced by their customers (companies or organizations who host applications or store data on the cloud).[3] The responsibility is shared, however. The provider must ensure that their infrastructure is secure and that their clients data and applications are protected, while the user must take measures to fortify their application and use strong passwords and authentication measures.
When an organization elects to store data or host applications on the public cloud, it loses its ability to have physical access to the servers hosting its information. As a result, potentially sensitive data is at risk from insider attacks. According to a recent Cloud Security Alliance Report, insider attacks are the sixth biggest threat in cloud computing.[4] Therefore, Cloud Service providers must ensure that thorough background checks are conducted for employees who have physical access to the servers in the data center. Additionally, data centers must be frequently monitored for suspicious activity.
In order to conserve resources, cut costs, and maintain efficiency, Cloud Service Providers often store more than one customer's data on the same server. As a result, there is a chance that one user's private data can be viewed by other users (possibly even competitors). To handle such sensitive situations, cloud service providers should ensure proper data isolation and logical storage segregation.[2]
The extensive use of virtualization in implementing cloud infrastructure brings unique security concerns for customers or tenants of a public cloud service.[5] Virtualization alters the relationship between the OS and underlying hardware - be it computing, storage or even networking. This introduces an additional layer - virtualization - that itself must be properly configured, managed and secured.[6] Specific concerns include the potential to compromise the virtualization software, or "hypervisor". While these concerns are largely theoretical, they do exist.[7] For example, a breach in the administrator workstation with the management software of the virtualization software can cause the whole datacenter to go down or be reconfigured to an attacker's liking.
Cloud security architecture is effective only if the correct defensive implementations are in place. An efficient cloud security architecture should recognize the issues that will arise with security management.[8] The security management addresses these issues with security controls. These controls are put in place to safeguard any weaknesses in the system and reduce the effect of an attack. While there are many types of controls behind a cloud security architecture, they can usually be found in one of the following categories:[8]
It is generally recommended that information security controls be selected and implemented according and in proportion to the risks, typically by assessing the threats, vulnerabilities and impacts. Cloud security concerns can be grouped in various ways; Gartner named seven[9] while the Cloud Security Alliance identified fourteen areas of concern.[10][11] Cloud Application Security Brokers (CASB) are used to add additional security to cloud services.[12]
There are a number of security threats associated with cloud data services, not only covering traditional security threats, e.g., network eavesdropping, illegal invasion, and denial of service attacks, but also including specific cloud computing threats, e.g., side channel attacks, virtualization vulnerabilities, and abuse of cloud services. To throttle the threats the following security requirements are to be met in a cloud data service.[14]
Data confidentiality is the property that data contents are not made available or disclosed to illegal users. Outsourced data is stored in a cloud and out of the owners' direct control. Only authorized users can access the sensitive data while others, including CSPs, should not gain any information of the data. Meanwhile, data owners expect to fully utilize cloud data services, e.g., data search, data computation, and data sharing, without the leakage of the data contents to CSPs or other adversaries.
Access controllability means that a data owner can perform the selective restriction of access to his data outsourced to cloud. Legal users can be authorized by the owner to access the data, while others can not access it without permissions. Further, it is desirable to enforce fine-grained access control to the outsourced data, i.e., different users should be granted different access privileges with regard to different data pieces. The access authorization must be controlled only by the owner in untrusted cloud environments.
Data integrity demands maintaining and assuring the accuracy and completeness of data. A data owner always expects that his data in a cloud can be stored correctly and trustworthily. It means that the data should not be illegally tampered, improperly modified, deliberately deleted, or maliciously fabricated. If any undesirable operations corrupt or delete the data, the owner should be able to detect the corruption or loss. Further, when a portion of the outsourced data is corrupted or lost, it can still be retrieved by the data users.
Some advanced encryption algorithms which have been applied into the cloud computing increase the protection of privacy.
In the CP-ABE, the encryptor controls access strategy, as the strategy gets more complex, the design of system public key becomes more complex, and the security of the system is proved to be more difficult. The main research work of CP-ABE is focused on the design of the access structure.[15]
In the KP-ABE, attribute sets are used to explain the encrypted texts and the private keys with the specified encrypted texts that users will have the left to decrypt.[16]
Fully Homomorphic encryption allows straightforward computations on encrypted information, and also allows computing sum and product for the encrypted data without decryption.[17]
Searchable Encryption is a cryptographic primitive which offers secure search functions over encrypted data. In order to improve search efficiency, an SE solution generally builds keyword indexes to securely perform user queries. Existing SE schemes can be classified into two categories: SE based on secret-key cryptography and SE based on public-key cryptography.
Numerous laws and regulations pertain to the storage and use of data. In the US these include privacy or data protection laws, Payment Card Industry Data Security Standard (PCI DSS), the Health Insurance Portability and Accountability Act (HIPAA), the Sarbanes-Oxley Act, the Federal Information Security Management Act of 2002 (FISMA), and Children's Online Privacy Protection Act of 1998, among others.
Similar laws may apply in different legal jurisdictions and may differ quite markedly from those enforced in the US. Cloud service users may often need to be aware of the legal and regulatory differences between the jurisdictions. For example, data stored by a Cloud Service Provider may be located in, say, Singapore and mirrored in the US.[18]
Many of these regulations mandate particular controls (such as strong access controls and audit trails) and require regular reporting. Cloud customers must ensure that their cloud providers adequately fulfil such requirements as appropriate, enabling them to comply with their obligations since, to a large extent, they remain accountable.
Aside from the security and compliance issues enumerated above, cloud providers and their customers will negotiate terms around liability (stipulating how incidents involving data loss or compromise will be resolved, for example), intellectual property, and end-of-service (when data and applications are ultimately returned to the customer). In addition, there are considerations for acquiring data from the cloud that may be involved in litigation.[21] These issues are discussed in Service-Level Agreements (SLA).
Legal issues may also include records-keeping requirements in the public sector, where many agencies are required by law to retain and make available electronic records in a specific fashion. This may be determined by legislation, or law may require agencies to conform to the rules and practices set by a records-keeping agency. Public agencies using cloud computing and storage must take these concerns into account.
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Cloud computing security - Wikipedia
Cloud Computing, collaboration software, cloud technology …
The Internet has its roots in the 1960s, but it wasn't until the early 1990s that it had any relevance for businesses. The World Wide Web was born in 1991, and in 1993 a web browser called Mosaic was released that allowed users to view web pages that included graphics as well as text. This heralded the first company web sites and not surprisingly, most of these belonged to companies involved in computing and technology.
As Internet connections got faster and more reliable, a new type of company called an Application Service Provider or ASP started to appear. ASPs took existing business applications and ran them for their customers. The ASP would buy the computing hardware and keeping the application running, and the customer would pay a monthly fee to access it over the Internet.
But it wasn't until right at the end of the 1990s that cloud computing as we know it today appeared. That's when salesforce.com introduced its own multi-tenant application which was specifically designed:
Since then the cloud has grown and grown: in 2013 worldwide spending on cloud servicets ran to an estimated $47 billion. And that's set to more than double to over $108 billion by 2017 as companies invest in cloud services as the foundation for new, competitive offerings.
Continued here:
Cloud Computing, collaboration software, cloud technology ...
Cloud Computing | Inc.com
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Job Title Chairperson Board member Owner/Partner CEO CFO CIO/CTO COO CMO President Managing Director Senior Vice President/Executive Vice President Vice President General Manager Owner/Partner Controller/Treasurer Technical staff/Information Systems Director Sales Representative/Account Executive Manager Consultant Professional Clerical/Support staff/Administrator Coordinator/Assistant Government/Public Official Teacher/Lecturer Student Not employed Retired
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Cloud Computing | Inc.com
Cloud computing | Orange Business Services
Business Together as a Service
Your collaborative work and communication tools in the cloud.
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A cloud-based bulk SMS broadcast solution to be more efficient for short communication to multiple users simultaneously.
Flexible Computing Express
Self-managed Infrastructure as a Service (IaaS) : rapidly scale your IT up or down to meet fluctuating demand and dynamic business growth
Flexible Computing Healthcare
Secure your health applications and data
Flexible Computing Premium
Managed Infrastructure as a Service (IaaS) : transform your IT delivery and free up valuable resources to focus on business value-add
Business Together as a Service
Your collaborative work and communication tools in the cloud.
Contact Everyone
A cloud-based bulk SMS broadcast solution to be more efficient for short communication to multiple users simultaneously.
Business Together as a Service
Your collaborative work and communication tools in the cloud.
Contact Everyone
A cloud-based bulk SMS broadcast solution to be more efficient for short communication to multiple users simultaneously.
Flexible Computing Express
Self-managed Infrastructure as a Service (IaaS) : rapidly scale your IT up or down to meet fluctuating demand and dynamic business growth
Flexible Computing Premium
Managed Infrastructure as a Service (IaaS) : transform your IT delivery and free up valuable resources to focus on business value-add
Business Together as a Service
Your collaborative work and communication tools in the cloud.
Flexible Computing Express
Self-managed Infrastructure as a Service (IaaS) : rapidly scale your IT up or down to meet fluctuating demand and dynamic business growth
Flexible Computing Premium
Managed Infrastructure as a Service (IaaS) : transform your IT delivery and free up valuable resources to focus on business value-add
Business Together as a Service
Your collaborative work and communication tools in the cloud.
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Cloud computing | Orange Business Services
Cloud Computing Services& Solutions. All Covered
When your organization reaches a point where it's existing IT infrastructure no longer supports its business needs, consider adopting cloud services.
Cloud Computing Services are IT services that are delivered to your organization through the Internet. Cloud services can replace traditional servers and IT services that your organization uses for its daily business processes. Cloud Services are more flexible and affordable than traditional IT services and will grow with your organization as it matures.
With more than fifteen years of experience supporting organizations like yours, All Covered understands how critical it is that IT systems are available at all times. All Covered also knows how costly IT hardware and services can be. Thats why All Covered has invested in developing Cloud Computing Services, which are affordable and scalable.
All Covered Cloud Disaster Recovery services ensure that your organization can continue business operations if your primary information systems are damaged.
All Covered Cloud Hosted Exchange services make your email system more affordable by reducing administrative overhead and investments in costly hardware.
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Cloud Computing Services& Solutions. All Covered
Decent Cloud Computing Earnings Put This ETF In Focus – First …
The cloud computing industry is shining. Over the past couple of years, this specialized corner of the tech space has taken giant strides and motivated many companies to develop cloud infrastructure.
Cloud computing is a procedure by which data or software is stored outside of a computer, but can be easily accessed anywhere/anytime via the Internet. This process is gaining traction, as it can cut IT costs of companies by removing expensive servers and trimming maintenance staff.
Thanks to the enormous growth in the amount of data, complexity of data formats and the need to scale up resources at regular intervals compelled several companies to turn to cloud computing vendors.
Research firm IDC projected last year that public IT cloud services spending will surge at a 5-year CAGR of 22.8% to over $127 billion in 2018. The rate of growth is six times higher than the broader IT market. In 2018, public IT cloud services will comprise over 50% of global software and storage development.
No wonder, the bullish industry prospects will be reflected in corporate earnings. Investors also have a dedicated ETF to this specific industry - the First Trust ISE Cloud Computing Index ETF (NASDAQ:SKYY).
The product comprises top-notch tech giants having considerable presence in the cloud business that have also delivered stellar results. Let's take a look at some of the cloud-heavy stocks, dig deeper into their cloud computing segment and see how can impact the cloud computing ETF SKYY (see all Technology ETFs here).
SKYY has amassed about $490 million in assets so far, and charges 60 bps in fees. Year to date, the product has advanced over 6.7%. The portfolio has a tilt toward software and Internet companies, though technology hardware and IT service firms also pull it off nicely.
In total, the fund holds about 36 securities in its basket. Amazon (NASDAQ:AMZN) is SKYY's top holding. The company beat on both lines in Q3 following blockbuster results in Q2. A steady cloud computing business led revenues to skyrocket 78.4% in Q3 after an 81% jump in Q2.
The division generated almost as much operating income as Amazon's entire North America e-commerce business. Notably, Amazon Web Services (AWS) is way ahead of all players in public cloud services that are rushing to draw near. The shares soared over 6.2% following the earnings release (as of October 23, 2015).
Amazon has a Zacks Rank #2 (Buy). Further, the stock has a Zacks Growth and Momentum Style Score of "A".
Another cloud-heavy hot tech-stock - Alphabet Inc. (GOOG, GOOGL) - occupies 4.92% of SKYY and takes the second position. The company's cloud business lies within "Other Revenues", which increased 11% year over year to $1.89 billion in Q3. As quoted by management, "we are scaling all of these apps for over a billion users, we are powering the infrastructure, which will drive our cloud business."
Shares of Alphabet rose over 5.6% on October 23. This Zacks Rank #3 (Hold) stock is up about 35.6% so far this year and has a Zacks Growth score of "B" and Momentum score of "A".
Juniper (NYSE:JNPR) is yet another cloud-based holding of SKYY, which takes the fourth position in the fund with 4.30% weight. Juniper posted better-than-expected third-quarter 2015 results on both lines and issued an optimistic guidance for the fourth quarter.
The company stated that the better-than-expected top line was mainly driven by higher demand from cloud and cable service providers. This Zacks Rank #1 (Strong Buy) stock has a Growth, Value and Momentum score of "B". Post earnings, JNPR jumped over 5.8% on October 23, 2015.
Another player, Netflix (NASDAQ:NFLX), which also happens to be the world's largest video streaming company, takes the eighth position in the fund with 3.96% weight. Though this company disappointed investors this season, its outlook is still optimistic. This Zacks Rank #3 stock is up about 105% this year.
Microsoft Corporation (NASDAQ:MSFT) shares were up over 10% on October 23 following the release of 1Q16 earnings. Its bottom line beat the estimate, but the top line lagged. Microsoft's Azure and Office 365 are almost neck and neck with Amazon. Moreover, the company comes second in terms of compute capacity in the cloud. Revenues from Azure grew 135% this season. This Zacks Rank #3 stock takes 2.92% of SKYY.
EMC Corporation (NYSE:EMC) beat on the top line, but its bottom line matched the estimate. EMC, which holds 3.61% share of SKYY, is being acquired by Dell and a private equity firm Silver Lake.
Moreover, EMC and VMware Inc. (NYSE:VMW) announced their plans to form a new cloud company by spinning out Virtustream. Investors should note that VMW holds 2.45% share of SKYY. The company's adjusted earnings grew a robust 28.6% on a year-over-year basis, while revenues were up 10.4%.
So, for investors keen on playing this thriving cloud computing space, the time is ripe for building a position in SKYY. The fund has a promising profile and could expose one to the broader universe of cloud computing.
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Decent Cloud Computing Earnings Put This ETF In Focus - First ...
Announcing @TechTarget Named Media Sponsor of @CloudExpo …
SYS-CON Events announced today that TechTarget has been named "Media Sponsor" of SYS-CON's 17th International Cloud Expo, which will take place on November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA.
TechTarget storage websites are the best online information resource for news, tips and expert advice for the storage, backup and disaster recovery markets.
With more than 120 highly targeted technology-specific websites and a wide selection of custom advertising, branding, lead generation and sales enablement solutions, TechTarget delivers unparalleled reach and innovative opportunities to drive technology sales and marketing success around the world. TechTarget has offices in Atlanta, Beijing, Boston, Cincinnati, London, Munich, Paris, San Francisco, Singapore and Sydney.
For more information, visit http://www.techtarget.com.
Register FREE Before Friday! Here Your registration includes:
Cloud Expo sessions Big Data Expo sessions @ThingsExpo sessions DevOps sessions Containers sessions Microservices sessions
The World's Largest Cloud Computing Event, November 3-5 at the Santa Clara Convention Center!
Cloud computing budgets worldwide are reaching into the hundreds of billions of dollars, and no organization can survive long without some sort of cloud migration strategy. Each month brings new announcements, use cases, and success stories.
Cloud Expo offers the world's most comprehensive selection of technical and strategic Industry Keynotes, General Sessions, Breakout Sessions, and signature Power Panels. The exhibition floor features 100+ exhibitors offering specific solutions and comprehensive strategies.
The floor also features a Demo Theater that give delegates the opportunity to get even closer to the technology they want to see and the people who offer it.
Attend Cloud Expo. Create your own custom experience. Learn the latest from the world's best technologists. Talk to the vendors you are considering, and put them to the test.
Cloud Expo 2015 Silicon Valley (November 3-5, 2015, Santa Clara Convention Center, CA)
Cloud Expo 2016 New York (June 7-9, 2016, Javits Center, Manhattan)
Photo: Cloud Expo Silicon Valley, November 2014
Speaking Proposals OpenThe 17th International Cloud Expo has announced that its Call for Papers is open. 17th International Cloud Expo, to be held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Containers and Microservices to one location.
With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportunity. Submit your speaking proposal today!
Submit Your Call for Papers Here
Sponsorship Opportunities Open17th International Cloud Expo, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud Expo is the single show where delegates and technology vendors can meet to experience and discuss the entire world of the cloud. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "Cloud-Ready" as it can be! Sponsors of Cloud Expo will benefit from unmatched branding, profile building and lead generation opportunities through:
Sponsor Cloud Expo Here Download Show Prospectus Here
For the Past Four Years @CloudExpo Has Been a Must-Attend Event for MetraTech/Ericsson This week, the team assembled in NYC for @Cloud Expo 2015 and @ThingsExpo 2015. For the past four years, this has been a must-attend event for MetraTech. We were happy to once again join industry visionaries, colleagues, customers and even competitors to share and explore the ways in which the Internet of Things (IoT) will impact our industry. Over the course of the show, we discussed the types of challenges we will collectively need to solve to capitalize on the opportunity IoT presents. [continued]
Opening Keynote at 16th Cloud Expo | Sandy Carter, IBM General Manager Cloud EcosystemIn her Opening Keynote at 16th Cloud Expo, Sandy Carter, IBM General Manager Cloud Ecosystem and Developers, and a Social Business Evangelist, discussed why this matters, how innovation will benefit, and how to foster an interest in tech.
Cisco Keynote: The Internet of Everything: Seizing the OpportunitiesIn her keynote at @ThingsExpo, Manjula Talreja, VP of Cisco Consulting Services, discussed IoE and the enormous opportunities it provides to public and private firms alike. She also shared what businesses must do to thrive in the IoE economy, citing examples from several industry sectors.
Microservices & IoT Power PanelIn this Power Panel at @DevOpsSummit, moderated by Jason Bloomberg, president of Intellyx, panelists Roberto Medrano, Executive Vice President at Akana; Lori MacVittie, Evangelist for F5 Networks; and Troy Topnik, ActiveState's Technical Product Manager; and Otis Gospodneti, founder of Sematext; peeled away the buzz and discuss the important architectural principles behind implementing IoT solutions for the enterprise. As remote IoT devices and sensors become increasingly intelligent, they become part of our distributed cloud environment, and we must architect and code accordingly. At the very least, you'll have no problem filling in your buzzword bingo cards.
SYS-CON.tv Interviews By Conference Chair Roger StrukhoffRoberto Medrano of Akana VideoBrendan O'Brien of Aria Systems Video Otis Gospodnetic of Sematext VideoDalibor Siroky of Plutora VideoCharles Kendrick of Isomorphic VideoReuven Harrison of Tufin Video
Containers & Microservices Expo To Be Colocated with Cloud Expo Silicon Valley, November 3-5, 2015 at the Santa Clara Convention Center, CASYS-CON Events announced on June 9, 2015 at the Javits Center that the 2nd "Containers & Microservices Conference" will take place November 3-5, 2015, at the Santa Clara Convention Center, Santa Clara, CA, and the "Third Containers & Microservices Conference" will take place June 7-9, 2016, at Javits Center in New York City.
Containers and microservices have become topics of intense interest throughout the cloud developer and enterprise IT communities.
Microservices focuses on the business and technology of the software architecture design pattern, in which complex applications are composed of small, independent processes communicating with each other using language-agnostic APIs.
Containers are not being considered for the first time by the cloud community, but a current era of re-consideration has pushed them to the top of the cloud agenda.
Rather than just stuff an OS into a container, for example, developers and deployers should consider a spectrum of microservices and what they can do.
New York and Silicon Valley Sponsors and Exhibitors During our last New York and Silicon Valley events, over 12,000 (audited) delegates registered and participated in the world's largest DevOps, Containers, and Microservices show, colocated with Cloud Expo. Our conference delegates met with over 150 of the world's leading technology pioneers that were among the sponsors and exhibitors, including:
Acision, Actifio, ActiveState, AgilePoint, AIC , Akana, AlertLogic, Ambernet, Amplidata, Apacer Memory America Inc., Appcore, AppDynamics, AppZero, Aria Systems, Arista Networks, Automic, Avere Systems, Axis Communications, B2CLOUD, Basic6, Bestwebdesignagencies.com, Bitium, Blue Box , BMC, BroadSoft, Brother , Bsquare, BUMI, CA, Inc., Calm.io, CenturyLink, Ciqada, CiRBA, Cisco, Cloudant, an IBM Company, Cloudian, CoalFire, CodeFutures, COLUMN Technologies, CommVault, connect2.me, Connected Data, CrashPlan/Code42, Creative Business Solutions , Cynny Italia S.r.l, Dasher, dcVAST, DEAC, Dell, DevOps.com, Distrix , DragonGlass, Dyn, Edgecast , ElasticBox, Emcien, Endstream Communications/Open Data Centers, EnterpriseDB, e-SignLive, by Silanis, Esri, Evident.io, FierceDevOps, FireHost, Genband, Gigamon, GoodData, Gridstore, Harbinger Group , IAPP, IBM, IDenticard Access Control, Imperva,
Cloud Expo Demo Theater (June 9-11, 2015, Javits Center) on the Expo Floor attracts more delegates than the entire conference of other events
IndependenceIT, Infor, InMage, Innodisk, Intelligent Systems, Isomorhpic , ITinvolve, iwNetworks, Ixia, iXsystems , Jelastic, Kintone, KOTRA , Liaison, Litmus Automation, MangoApps, Matrix.org, MediaTek Labs, MetraTech (now part of Ericsson), Microsoft, Navisite, Net Access , Nimble Storage, NuoDB, Inc., Objectivity, OMG, Open Data Centers, OpenCrowd, Optimal Design, Oracle, OutSystems, Parasoft, Peak10, Peer 1 Hosting, PluralSight, Plutora, ProfitBricks, PubNub, Quality Technology Services , Quantum, Qubell, RackWare , Rancher Labs, Red Hat, r-evolutionapp , RingStor, Robomq.io, SafeLogic, SAP, ScaleMP, Seagate, Secure Infrastructure & Services, Sematext , SendGrid , Serena Software, Sherweb, SimpleECM, Site 24x7, Smartvue Corporation, SOASTA, SoftLayer, an IBM Company, SoftwareAG, Soha, Solgenia, SPAN Systems, Spirent, StackIQ, Stateless Networks, Storpool, Stratogent, Stratoscale, Supermicro, SUSE, Tau Institute, Telecity, Telehouse, Telestax, The New York Times , The Vision Times, TierPoint, TMCnet, Transparent Cloud Computing Consortium, Tufin, Ulunsoft, Utimaco, VASCO Data Security, Veeam, Verizon Enterprise Solutions, Vicom Computer Services, VictorOps, Virtustream, VITRIA Technology, Vormetric, WHOA.com, Will Jaya, Windstream, WSM - Website Movers International, Zentera Systems, Zerto.
Cloud Expo New York (June 9-11, 2015) and Silicon Valley (November 3-5, 2015) "Bronze Sponsor" AlertLogic Booth at the Javits Center
About SYS-CON Media & EventsSYS-CON Media (www.sys-con.com) has since 1994 been connecting technology companies and customers through a comprehensive content stream - featuring over forty focused subject areas, from Cloud Computing to Web Security - interwoven with market-leading full-scale conferences produced by SYS-CON Events. The company's internationally recognized brands include among others Cloud Expo (@CloudExpo), Big Data Expo (@BigDataExpo), DevOps Summit (@DevOpsSummit), @ThingsExpo (@ThingsExpo), Containers Expo (@ContainersExpo) and Microservices Expo (@MicroservicesE).
Cloud Expo, Big Data Expo and @ThingsExpo are registered trademarks of Cloud Expo, Inc., a SYS-CON Events company.
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Announcing @TechTarget Named Media Sponsor of @CloudExpo ...
Amazon 3Q Results up on Strong Sales, Cloud Computing Growth …
Amazon is Primed for success as the busy holiday season approaches.
The e-commerce powerhouse reported a surprise third-quarter profit, driven by a boost in revenue from its Prime Day promotion and continued strong growth in its cloud-computing offerings.
Results beat expectations, and Amazon's shares jumped 10 percent in aftermarket trading.
That paints a rosy picture for the Seattle company as the holiday shopping season approaches. The company has been investing heavily in warehouses and delivery capabilities.
"We are in good shape for the holidays and ready to go," said CFO Brian Olsavsky.
Amazon's strategy has long been to invest the money it makes back into its businesses, particularly by expanding offerings in its $99-a-year Prime loyalty program and its cloud-computing business, called Amazon Web Services. But in recent quarters, it has shown an ability to turn a profit, too.
Revenue jumped 23 percent during the quarter, helped by strong sales of electronics and general merchandise, a good sign for the Seattle retailer ahead of the crucial holiday months of November and December, when retailers make a substantial percentage of their annual sales.
Prime Day, Amazon's 20th-anniversary sale in July, boosted revenue by 2 percentage points, the company said. Amazon did not break out sales figures. The company also said that more people signed up for a free trial of Prime on that day than any other day ever. And it said people converted to the paid program at the same rate they do on major shopping days such as Black Friday and Cyber Monday, the busy shopping days after Thanksgiving.
"Prime growth is fueling Amazon (in) getting a bigger share of the household budget," said Cowen analyst John Blackledge. He estimates there are about 38 million Prime members in the U.S.
Amazon Web Services sales jumped 78 percent to $2.09 billion.
Amazon Web Services is the biggest player in delivering Internet-based services for other companies. It has many times the business of its closest competitors, Microsoft's Azure, Google Cloud Platform, IBM and Salesforce. There have recently been casualties in the cut-throat space, with HP announcing it was shutting down its HP Helion public cloud.
"Amazon Web Services is a significant part of the business, and the consistent release of new products and features leads us to expect dramatic profit growth in the coming years," said Wedbush analyst Michael Pachter.
Amazon had net income of 17 cents per share. The average estimate of 14 analysts surveyed by Zacks Investment Research was for a loss of 10 cents per share.
The online retailer posted revenue of $25.36 billion in the period. Thirteen analysts surveyed by Zacks expected $24.85 billion.
For the current quarter ending in December, Amazon said it expects revenue in the range of $33.5 billion to $36.8 billion. Analysts surveyed by Zacks had expected revenue of $35.2 billion.
Amazon has been adding staff and improving shipping capability for the holidays. It said Tuesday it plans to hire 100,000 people for the holidays, a 25 percent jump from last year. And in a call with analysts on Thursday the company said it has 30,000 robots in 13 warehouses to speed packing, up from 15,000 robots in 10 warehouses a year ago.
Stifel analyst Scott Devitt said Amazon's large and rapidly growing Prime membership base should help retail sales, while the strong cloud-computing business "should continue to benefit from greater scale and innovation."
Through the close of regular-session trading Thursday, Amazon shares have risen 82 percent since the beginning of the year, while the Standard & Poor's 500 index has stayed mostly unchanged.
Elements of this story were generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AMZN at http://www.zacks.com/ap/AMZN
Keywords: Amazon, Earnings Report, Priority Earnings
This story has been corrected to change Amazon's outlook for the current quarter.
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