Category Archives: Cloud Hosting
3 Reasons to Buy Snowflake Stock, and 3 Reasons to Sell – The Motley Fool
Snowflake's (SNOW -5.71%) stock surged 18% during after hours trading on Aug. 24 following the release of the company's second-quarter report. The cloud-based data warehousing company's revenue surged 83% year-over-year to $497.2 million, beating analysts' estimates by $29.9 million. But its net loss still widened from $189.7 million to $222.8 million, or $0.70 per share, and missed the consensus forecast by $0.12.
Snowflake's robust revenue growth overshadowed its earnings miss, but is it still a worthwhile investment in this tough market for tech stocks? Let's review three reasons to buy Snowflake -- and three reasons to sell it -- to decide.
Image source: Getty Images.
Snowflake looks attractive because it's growing like a weed, its retention rates are high, and there's plenty of pent-up demand for its services.
Its product revenue, which accounts for most of its top line, surged 106% to $1.14 billion in fiscal 2022, which ended this January. For fiscal 2023, it expects its product revenue to grow another 67%-68%.
Snowflake expects its product revenue to reach $10 billion by fiscal 2029, which implies it can grow at a compound annual growth rate (CAGR) of 36% over the next seven fiscal years. It intends to achieve that goal by expanding its customer base and gaining more high-value customers.
The company ended the second quarter with 6,808 customers, representing 36% growth from a year earlier. Within that total, its number of customers that generated more than $1 million in trailing-12-month product revenue increased 112% to 246. It expects that high-value cohort to expand to about 1,400 customers by fiscal 2029.
Snowflake's long-term goals seem lofty, but the stickiness of its ecosystem supports those ambitions. It ended the second quarter with a net revenue retention rate of 171%, compared to 169% a year earlier. Its remaining performance obligations, or the revenue it expects to recognize from its existing contracts, also surged 78% year-over-year to $2.7 billion.
Snowflake's growth rates are jaw-dropping, but its negative margins, competitive headwinds, and nosebleed valuations offset most of those strengths.
Its net loss widened from $539.1 million in fiscal 2021 to $679.9 million in fiscal 2022. Analysts expect a wider loss of $742 million this year, followed by even steeper losses in fiscal 2024 and fiscal 2025.
On a non-GAAP (generally accepted accounting principles) basis, which excludes its stock-based compensation and other one-time costs, its operating margin came in at negative 3% in fiscal 2022. It expects its non-GAAP operating margin to rise to positive 2% this year, but it still faces a long uphill battle toward generating stable non-GAAP profits.
All that red ink leaves Snowflake exposed to competitive threats. It established an early-mover's advantage in the cloud-based data warehousing market, but its growth has convinced legacy players like Amazon (AMZN -0.73%) Web Services (AWS), Microsoft (MSFT -1.07%) Azure, and Alphabet's (GOOG -0.86%) (GOOGL -0.83%) Google Cloud to upgrade their older data warehousing solutions. All three tech giants are bundling their data warehousing services with their other cloud infrastructure services, but Snowflake actually operates its platform on top of AWS, Azure, and Google Cloud.
Therefore, Snowflake is ironically paying hefty cloud hosting fees to its largest rivals. If push comes to shove, Amazon, Microsoft, and Google could aggressively undercut Snowflake's prices while raising their cloud hosting fees. That pressure could make it impossible for Snowflake to ever turn a profit.
Lastly, Snowflake's stock has plunged more than 50% since it hit its all-time high last November, but it's still expensive. With a market cap of $60 billion, Snowflake trades at nearly 30 times this year's sales. That high valuation -- along with its lack of profits -- makes it a risky stock to own as rising interest rates drive investors away from speculative growth plays.
Snowflake's stock was already expensive when it went public at $120 nearly two years ago, and it's still pricey today. Its business is growing rapidly, but it's hard to tell if it can achieve its ambitious goals for fiscal 2029 without being derailed by its larger competitors. I'd consider buying Snowflake if its stock gets cut in half again, but it's simply too rich and risky for my blood right now.
John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Leo Sun has positions in Alphabet (A shares) and Amazon. The Motley Fool has positions in and recommends Alphabet (A shares), Alphabet (C shares), Amazon, Microsoft, and Snowflake Inc. The Motley Fool has a disclosure policy.
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3 Reasons to Buy Snowflake Stock, and 3 Reasons to Sell - The Motley Fool
Cloud Computing in Higher Education Market Demand, Innovations, and Regional Outlook and Forecast 2022-2030 Muleskinner – Muleskinner
New York (US) The study undertaken by Astute Analytica foresees a tremendous growth in revenue of the market forglobal cloud computing in higher education marketfromUS$ 2,693.5 Millionin 2021 toUS$ 15,180.1 Millionby 2030. The market is anticipated to grow at a CAGR of 22% during the forecast period 2022-2030.
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Cloud computing in higher education provides an online platform for educational institutes through various applications and subscription models. In this era of technology, employing latest IT technologies and services in higher education assists teachers, administrators and students in their education related activities. Cloud computing in higher education centrally manages the various business processes such as student and course management, helps teachers in uploading learning materials, students to access their homework, administrators to easily collaborate with each other and library management among others.Cloud computing segment is gaining majority of the spenders from high income group as well as skilled share of people from around the world.
On the basis of institute type, thetechnical schools are estimated to hold the highest market share in 2021 and is also expected to project the highest CAGR over the forecast period owing to increasing demand for cloud computing in technical schools.Moreover, based on ownership,private institutes segment is anticipated to hold the largest market share owing to increasing funding in private institutes for adoption of cloud computing services. Whereas, the public institutes segment is expected to grow at the highest CAGR over forecast period. Furthermore, in terms of application, administration application holds a major share in the cloud computing in higher education in 2021. Whereas, unified communication is expected to project the highest CAGR over the forecast period due to increasing trend of e-learning. In addition to this, by deployment, the hybrid cloud segment held the largest market share in 2021.
Market Dynamics and Trends
Drivers
The increasing adoption of SaaS based cloud platforms in higher education, increasing adoption of e-learning, increasing IT spending on cloud infrastructure in educationand increasingapplication of quantum computing in education sectorwill boost the global cloud computing in higher education market during the forecast period. Software-as-a-Service (SaaS) is a type of delivery model of cloud computing. In the higher education sector, SaaS applications include hosting various management systems for educational institutes and managing other activities. Moreover, higher education industry witnesses an increased adoption of e-learning due to its easy accessibility and high effectiveness. Users such as drop-outs, transfer learners, full-time employees are increasingly relying on e-learning trainings and education to upgrade their skills. Furthermore, higher education institutes are rapidly moving towards cloud-based services to save an intensive IT infrastructure cost and boost efficiency of operations.
Restraints
Cybersecurity and data protection risks, lack of compliance to the SLAand legal and jurisdiction issues is a restraining factor which inhibits the growth of the market during the forecast period. Issues related to data privacy pose threats in interest to mitigation of higher education institutions to the cloud. There are federal regulations for higher education institutes along with state and local laws to manage information security in the education environment. Moreover, the level of complexity in the cloud is high, which usually complies with several service providers and thus makes it hard for users to make changes or intervene. Also, the cloud computing industry faces various legal and jurisdiction issues that can run into years due to regional laws.
Cloud Computing in Higher Education Market Country Wise Insights
North AmericaCloud Computing in Higher EducationMarket-
US holds the major share in terms of revenue in theNorth Americacloud computing in higher education market in 2021 and is also projected to grow with the highest CAGR during the forecast period. Moreover, in terms of institute type, technical schools hold the largest market share in 2021.
EuropeCloud Computing in Higher EducationMarket-
Western Europeis expected to project the highest CAGR in theEuropecloud computing in higher education market during forecast period. Wherein,Germanyheld the major share in theEuropemarket in 2021 because there is high focus on innovations obtained from research & development and technology adoption in the region.
Asia PacificCloud Computing in Higher EducationMarket-
Indiais the highest share holder region in theAsia Pacificcloud computing in higher education market in 2021and is expected to project the highest CAGR during the forecast period owing to potential growth opportunities, as end users such as schools and universities are turning toward cloud services in order to offer high quality services that help users to collaborate, share and track multiple versions of a document.
South AmericaCloud Computing in Higher EducationMarket-
Brazilis projected to grow with the highest CAGR in theSouth Americacloud computing in higher education market over the forecast period. Furthermore, based on ownership, private institutes segment holds the major share in 2021 in theSouth Americacloud computing in higher education market owing to increasing funding in private institutes for adoption of cloud computing services.
Middle EastCloud Computing in Higher EducationMarket-
Egyptis the highest share holder region in 2021 and UAE is projected to grow with the highest CAGR during the forecast period. Moreover, in terms of application, administration holds a major share in the cloud computing in higher education in 2021. Whereas, unified communication is expected to project the highest CAGR over the forecast period due to increasing trend of e-learning.
AfricaCloud Computing in Higher EducationMarket-
South Africais the highest share holder region in theAfricacloud computing in higher education market in 2021. Furthermore, by deployment, the private cloud segment is expected to witness the highest CAGR during forecast period due to the security benefits provided by the private deployment of the cloud.
Competitive Insights
GlobalCloud Computing in Higher Education Market is highly competitive in order to increase their presence in the marketplace. Some of the key players operating in the global cloud computing in higher education market include Dell EMC, Oracle Corporation, Adobe, Inc., Cisco Systems, Inc., NEC Corporation, Microsoft Corporation, IBM Corporation, Salesforce.com, Netapp, Ellucian Company L.P., Vmware, Inc and Alibaba Group among others.
Segmentation Overview
Global Cloud Computing in Higher Education Market is segmented based on institute type, ownership, application, deployment and region. The industry trends in the global cloud computing in higher education market are sub-divided into different categories in order to get a holistic view of the global marketplace.
Following are the different segments of the Global Cloud Computing in Higher Education Market:
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By Institute Type segment of the Global Cloud Computing in Higher Education Market is sub-segmented into:
By Ownership segment of the Global Cloud Computing in Higher Education Market is sub-segmented into:
By Application segment of the Global Cloud Computing in Higher Education Market is sub-segmented into:
By Deployment segment of the Global Cloud Computing in Higher Education Market is sub-segmented into:
By Region segment of the Global Cloud Computing in Higher Education Market is sub-segmented into:
North America
Europe
Western Europe
Eastern Europe
Asia Pacific
South America
Middle East
Africa
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About Astute Analytica
Astute Analytica is a global analytics and advisory company which has built a solid reputation in a short period, thanks to the tangible outcomes we have delivered to our clients. We pride ourselves in generating unparalleled, in depth and uncannily accurate estimates and projections for our very demanding clients spread across different verticals. We have a long list of satisfied and repeat clients from a wide spectrum including technology, healthcare, chemicals, semiconductors, FMCG, and many more. These happy customers come to us from all across the Globe. They are able to make well calibrated decisions and leverage highly lucrative opportunities while surmounting the fierce challenges all because we analyze for them the complex business environment, segment wise existing and emerging possibilities, technology formations, growth estimates, and even the strategic choices available. In short, a complete package. All this is possible because we have a highly qualified, competent, and experienced team of professionals comprising of business analysts, economists, consultants, and technology experts. In our list of priorities, you-our patron-come at the top. You can be sure of best cost-effective, value-added package from us, should you decide to engage with us.
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Cloud Computing in Higher Education Market Demand, Innovations, and Regional Outlook and Forecast 2022-2030 Muleskinner - Muleskinner
How Liquid Cloud is spearheading the evolution of enterprises in Africa – TechCentral
David Brooks
It wasnt even 10 years ago that cloud technology felt like a slice of fringe tech that many businesses saw as unnecessary in the face of their own sprawling on-premises IT infrastructure. Today cloud is a booming industry in which organisations continue to push the boundaries of what is possible and provide new and improved solutions for critical problems and the best part is, its available to everyone, no matter how big or small.
Year after year, we have witnessed cloud levelling the playing field, unlocking access to resources and technologies previously reserved only for those who could afford to buy, own and manage it. With the proliferation of global cloud service providers like Microsoft Azure, the utility of cloud has become endless. However, there are cloud adoption challenges that many African businesses face beyond the financial.
These can include technical concerns such as latency and access to international bandwidth and a wave of new regulations calling for sensitive data to remain within a countrys borders. This is driving a divide between countries that have access to hyperscale public cloud providers in their country and those that dont.
So, lets take a look at how these challenges can be overcome.
The allure of cloud technology like Microsoft Azure is that it can become a tech equaliser between start-ups and large organisations. Resources can be accessed in real time by the hour, making development and testing more efficient, and reducing the need for large capital-intensive hardware expenditure.
The premise of cloud is that everything you need is stored on a server, preferably in your region of operation. In Africa, this is seldom the case as data centres are few and far between.
Lets take Azure, for instance. Microsoft has set up two major data centres where it houses local servers in South Africa. Four years ago, the entire continent was utilising servers in Western Europe. That meant all of Africa was subject to high latency.
While this is not particularly damaging, the pace of technological evolution is demanding much faster turnaround times when it comes to computational power. It has now become critical for many businesses and industries that rely on real-time applications for live-streaming, banking, diagnostic imaging, navigation, stock trading, weather forecasting, collaboration, research, ticket sales, video broadcasting, online gaming and more. This list continues to grow.
Local servers provide lower latency, but they can also help businesses comply with ever more popular data privacy regulations being enforced in numerous African states some more stringent than others. In most cases, there is an element of data sovereignty or the requirement to keep data within the borders. This poses unique challenges to organisations looking to adopt cloud technologies while not having a hyperscale cloud provider like Azure in their country.
The Azure stack offers the perfect solution to this problem by filling the gap and bringing resources closer to end users. Simply put, it provides the ability to bring Azure Cloud resources to a server hosted at an organisations offices or in a local data centre.
Yet the setting up and running of ones own server defies the point of cloud as this is exactly what most businesses were trying to avoid in the first place. Luckily, companies like Liquid Intelligent Technologies teamed up with Microsoft Azure to establish what we call Liquid Azure regions.
In these regions, we have set up a mini data centre in collaboration with Microsoft to provide local businesses in certain regions with local hosting capabilities. This is where companies can store and utilise sensitive and private information that is meant to be stored in country. We then integrate these servers with the greater Azure landscape to provide the full benefits of the public cloud for data that doesnt need to be bogged down by national regulations.
In essence, this extension to public Azure allows users to store and process data locally on the appliance and still leverage the large-scale power and technologies that can only be delivered from a hyperscale cloud. So far, Liquid has set up Liquid Azure regions in Kigali, Nairobi, Dar es salaam and Harare. But this is only the beginning.
Its only upwards from here
Africa accounts for less than 1% of total available global data centre capacity. However, this capacity has doubled in the past three years. With more official data centres from the likes of Microsoft, and more locally relevant solutions like Liquid Azure regions, we are well on our way to fulfilling our mission to create a digitally connected future that leaves no African behind.
In line with this mission, Liquid has rolled out shared Azure Stack environments in several countries. With four Liquid Azure regions live, and a lot more in the works across the continent, Africa is poised to get the full advantage of cloud innovation with partners like Liquid and Microsoft spurring on the continents success.
The Liquid Cloud team is offering free demo. More information here https://liquidcloud.africa/landing-azure-backup-v0/
The author, David Brooks, is senior specialist: product management, Liquid Cloud and Cyber Security
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How Liquid Cloud is spearheading the evolution of enterprises in Africa - TechCentral
Why Cloudflare Could Thrive in a Recession – The Motley Fool
No business is fully immune to a recession as caution and spending cuts ripple through the economy. As economic confidence wanes, even the strongest companies can get hit by weak demand.
Some companies will do better than others. Any company that can save its customers money, whether those customers are consumers, small businesses, or large enterprises, has the potential to grow stronger throughout a recession. There are no guarantees, but Cloudflare (NET -6.17%) looks like a good cloud stock to bet on as economic uncertainty grows.
Running your infrastructure on a cloud computing platform like Amazon Web Services is not cheap. If you're a start-up with access to easy funding and focused solely on growing as fast as you can, an exploding cloud bill isn't a problem. Dedicating resources to keeping cloud costs in check means diverting resources away from growth.
When funding gets harder to come by, and when profitability starts mattering again, cloud computing bills become easy targets. Spending on AWS can quickly get out of hand if you don't care about optimization, and bandwidth can become particularly problematic. If you're transferring data that doesn't really need to be transferred because it was easier than spending time on optimization, your bill will reflect taking that shortcut.
The easy way out of this situation is to stick Cloudflare's platform in front of resources running on AWS. On top of likely speeding up access to those resources and adding a layer of protection against attacks, Cloudflare can dramatically reduce cloud computing bills. Every piece of data that's cached on Cloudflare and delivered from its global network is a piece of data that won't rack up bandwidth charges on AWS.
Putting Cloudflare in front of the major cloud platforms takes just a few minutes. Once a company does that, even if they start out using Cloudflare's free service, it opens the door for that company to make use of the rest of Cloudflare's platform. Cloudflare offers advanced security features, image optimization, and a slew of other products that can easily be tacked on.
Cloudflare Workers is another potential money saver. Workers allows customers to run chunks of code directly on Cloudflare's edge network. Depending on the use case, Workers can be a lot less expensive that running virtual servers or serverless functions on the major cloud platforms. Workers is capable of hosting entire applications, or it can be used in a more piecemeal fashion.
Cloudflare offers free services to anyone, but it makes around 60% of its revenue from large customers spending at least $100,000 annually. That's good news, because these large customers are much less likely to go through the pains of switching providers. Cloudflare is seeing elevated churn among its pay-as-you-go customers, and that will likely continue as long as economic uncertainty remains. But it hasn't been a big enough problem to really hurt Cloudflare's growth rate.
Startups will be more concerned about spending in a tough economy, but so will large enterprises. Again, the cloud isn't cheap. Enterprises that have let their cloud spending get out of control as they've executed their "digital transformation" strategies over the past few years will find that Cloudflare is an easy way to bring those costs down. Cloudflare gained a record 212 new large customers in the second quarter, and the company's strong value proposition should lead to many more wins over time.
Cloudflare's growth rate will almost certainly slow at least somewhat, but a recession will be an opportunity for the company to win customers who may have not considered it in the past when cost cutting wasn't a priority. Of any cloud computing company, Cloudflare looks likely to come out the other side of a recession stronger than ever.
John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Timothy Green has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Amazon and Cloudflare. The Motley Fool has a disclosure policy.
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Why Cloudflare Could Thrive in a Recession - The Motley Fool
DYXnet Wins the CAPITAL Service Innovative Product Award 2022 Enterprise Network and Cloud Solution Service Award – Harbour Times
HONG KONG SAR Media OutReach 18 August 2022 DYXnet (a member of NEOLINK), one of the leading carrier-neutral network service providers in Greater China, is honored to announce that it has won the CAPITAL Service & Innovative Product Awards 2022 Enterprise Network and Cloud Solution Service Award. This award scheme, organized by Hong Kongs famous business media CAPITAL, aims to recognize those organizations with outstanding achievements and contributions in services and product innovation, and to encourage enterprises to strive for excellence.
Ms. Ivy Wong, Vice Chairman of Hong Kong Association for Customer Service Excellence, presents the award to Mr. Tony Tsang, CEO of DYXnet
We are honored to stand out and win the Enterprise Network and Cloud Solution Service Award, which affirms the business values we brought to our enterprise customers said Tony Tsang, Chief Executive Officer of DYXnet. As a wholly-owned subsidiary of VNET (NASDAQ: VNET) and a member of NEOLINK, DYXnet is backed by a full range of data center colocation, network connectivity and cloud hosting resources that allowing us to deliver excellence and meet the diverse customer needs in network and cloud services.
Holding over 20 years of experience and a team of industry experts, DYXnet serves a wide range of customers including manufacturing, retails, logistics, finance, and many more. We will continue to strive for excellence in product innovation and services quality, and assist enterprises in seizing business opportunities throughout the digital transformation journey Tony added.
Hashtag: #DYXnet
DYXnet, a wholly-owned subsidiary of VNET Group (NASDAQ: VNET), is a leading carrier-neutral network service provider in Greater China with over 20 years of solid experience. As a NASDAQ-listed company and leading carrier-neutral Internet data center and hybrid cloud services provider in China, VNET has gone further by forming a new sub-brand NEOLINK in April 2021, which integrated DYXnet with its five product lines including Data Center, Network Products, Hybrid Cloud, Bare Metal and O&M Management Services in providing a suite of diverse solutions for customers in achieving full-cycle digital transformation. We work towards a common goal of delivering innovative solutions with the foresight to identify the evolving needs of our customers and communities.
DYXnet has empowered enterprises to drive business growth with ICT innovations and is committed to provide solutions for our customers through disruptive technologies and services including enterprise network solutions like MPLS and SD-WAN, cloud solutions and data centre services.
We strive to strengthen our dominant position in Hong Kong and the Asia Pacific region. Among the first ICT service providers in the region to have obtained ISO certifications including ISO/IEC 27001, ISO/IEC 20000 1, and ISO 9001, we are also one of the first official members of the China Cross border Data Telecommunications Industry Alliance and one of the first SD-WAN service standard drafting units.
For more information about DYXnet, please visit http://www.dyxnet.com.
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DYXnet Wins the CAPITAL Service Innovative Product Award 2022 Enterprise Network and Cloud Solution Service Award - Harbour Times
Will Snowflake Be Worth More Than Alphabet by 2030? – The Motley Fool
Snowflake (SNOW -4.83%) has taken investors on a wild ride since its IPO in September 2020. The cloud-based data warehousing company went public at $120 per share, then more than doubled on its first trade to $245. It attracted so much attention for two reasons: It was growing like a weed, and it was backed by Warren Buffett's Berkshire Hathaway and Salesforce (CRM -2.21%).
Snowflake's stock eventually soared to an all-time high of $401.85 last November. But today, it trades at around $170 per share. The high-flying stock dropped back to the earth as investors fretted over its slowing growth, lack of profits, and high valuations -- which made it a soft target for the bears while rising interest rates drove investors toward more conservative investments.
Image source: Getty Images.
Nevertheless, Snowflake is still growing a lot faster than many of its cloud-based peers -- and it expects that growth to continue through the end of the decade.
Snowflake is currently worth about $54 billion, so it's still dwarfed by cloud giants like Alphabet (GOOG -2.27%) (GOOGL -2.46%), which has a market cap of nearly $1.6 trillion. But could Snowflake continue growing and become even more valuable than Alphabet by the end of the decade? Let's review Snowflake's business model, growth rates, and valuations to decide.
Snowflake's revenue rose 174% in fiscal 2020, 124% in fiscal 2021, and 106% to $1.22 billion in fiscal 2022, which ended this January. The secular expansion of the data warehousing market is driving that rapid growth.
In the past, large companies often stored their data on various types of software across different computing platforms. That fragmentation created "data silos," which reduced their overall efficiency.
Snowflake breaks down those silos and pulls that data into a centralized cloud-based warehouse, where it can be easily accessed by third-party apps and data visualization platforms like Salesforce's Tableau and Microsoft's (MSFT -1.39%) Power BI. This approach helps companies make better data-driven decisions.
Snowflake generated 94% of its revenue from its product segment last year. It expects its product revenue to grow from $1.14 billion in fiscal 2022 to about $10 billion in fiscal 2029, which implies its top line can grow at a compound annual growth rate (CAGR) of 36% over the next seven years.
By fiscal 2029, Snowflake expects approximately 1,400 of its customers to generate over $1 million in trailing 12-month product revenues by fiscal 2029, compared to only 184 million-dollar customers in fiscal 2022. It also expects its annual revenues from that high-value cohort to rise from $3.5 million in fiscal 2022 to $5.5 million in fiscal 2029.
Snowflake already served 241 of the Fortune 500 companies and 488 of the Global 2000 companies at the end of fiscal 2022, but it expects to gain even more large customers as they upgrade their aging IT infrastructure.
Snowflake is still deeply unprofitable. But between fiscal 2022 and 2029, it expects its adjusted gross product margin to expand from 69% to 78% and for its adjusted operating margin to rise from negative 3% to positive 20%. That forecast implies it can maintain its pricing power as it expands.
Snowflake still trades at 27 times this year's sales, and it's doubtful it can maintain that frothy price-to-sales ratio if its annual revenue growth slows down to about 30% to 40%. If Snowflake generates $10 billion in revenue by fiscal 2029 -- and its stock is trading at a more reasonable 15 times forward sales -- it would be worth about $150 billion in calendar 2029.
But that would still be less than a tenth of Alphabet's current market cap. Furthermore, Alphabet's valuation could also climb much higher by the end of the decade as its core advertising and cloud businesses continue to expand. Simply put, Snowflake won't come close to matching Alphabet's market cap by 2030, even if it checks off all its long-term goals.
But investors shouldn't assume Snowflake can achieve those goals. Snowflake's success is already prompting Amazon (AMZN -2.86%), Microsoft, and Google to upgrade their own cloud-based data warehousing services -- which are bundled into their market-leading cloud infrastructure platforms. Snowflake also runs its platform on top of Amazon Web Services (AWS), Azure, and Google Cloud -- so it's still ironically paying service fees to its top competitors. If those cloud giants get serious about challenging Snowflake, they could hike their hosting fees while undercutting Snowflake's prices.
Snowflake's stock could double or triple by the end of the decade, even as its growth cools off and its valuations decline. However, it's still expensive after its 50% decline this year, and it could continue to underperform many other cloud stocks which are trading at more reasonable valuations.
John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Leo Sun has positions in Alphabet (A shares), Amazon, and Salesforce, Inc. The Motley Fool has positions in and recommends Alphabet (A shares), Alphabet (C shares), Amazon, Berkshire Hathaway (B shares), Microsoft, Salesforce, Inc., and Snowflake Inc. The Motley Fool recommends the following options: long January 2023 $200 calls on Berkshire Hathaway (B shares), short January 2023 $200 puts on Berkshire Hathaway (B shares), and short January 2023 $265 calls on Berkshire Hathaway (B shares). The Motley Fool has a disclosure policy.
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Will Snowflake Be Worth More Than Alphabet by 2030? - The Motley Fool
Oracle Now Reviewing TikTok Algorithms And Content Moderation Practices – Techdirt
from the how-much-do-you-trust-oracle? dept
As you may recall, back during the Trump administration, after a bunch of kids on TikTok trolled Trump into believing one of his campaign rallies would be massively attended (which it was not), Trump decided to take out his anger on TikTok by issuing an almost certainly unconstitutional executive order demanding that TikToks owner, the Chinese firm ByteDance, sell TikTok to an American company. While a few potential buyers lined up to pick up the increasingly popular social media company on the cheap (due to the forced sale nature of it), White House insiders revealed that they would only approve the sale if it went to a friend of Donald Trumps (this, of course, is corrupt nonsense, but hey, no one cares about that any more). That left precious few options, as Trump wouldnt approve the sale to the few companies that actually wanted to buy the whole thing outright: namely Microsoft and Walmart.
In the end, Trump wanted the company to go to his buddy Larry Ellisons Oracle. Of course, there was a problem: Oracle had no use for TikTok as a subsidiary. Oracle does enterprise stuff, not social media. But, what Oracle does have is a cloud hosting offering that is way down the list behind industry leaders like Amazon, Microsoft, IBM, Google and others. So, Oracle and the Trump administration cooked up a hosting deal for Oracle.
Basically, Oracle would get TikToks US hosting business with some vague promises of protecting data privacy, while Trump would get to help out a friend (Ellison) while pretending hed actually accomplished something (even though it wasnt at all what he initially demanded). Of course, this was all about posturing and headlines, so not much came of the deal for a while.
But, with new (somewhat questionable) claims about US TikTok data being accessible to ByteDance employees making news, the company apparently (two years later) has started to make good on the deal and in June announced that all of its US data was routed to Oracle.
However, there was more to the original deal, including some vague promises that Oracle would help protect that data, so now its coming out that Oracle is now auditing both TikToks algorithms and its content moderation practices.
Its not exactly clear what this means in practice and well remind folks that there were reports last year claiming that Oracle had Chinese law enforcement customers, which raised at least some questions about its actual commitment to protecting data from the Chinese government. Also notable: Oracle has spent years gleefully trying to undermine basically all content moderation by funding groups to advocate against Section 230. Oh, and I guess we should mention, that for all the claims of TikTok being controlled by the Chinese government, remember that Oracle got its start as a CIA project. There is something richly ironic in the idea that Oracle is somehow a trustworthy partner here.
Given all that what exactly does it mean for Oracle to be auditing TikToks algorithms and content moderation? Given that the company doesnt have the best track record on privacy and has worked to undermine content moderation for years now, the whole thing is just kinda strange. Oracles explanation is not very clear at all:
The reviews give Oracle visibility into how TikToks algorithms surfaces content to ensure that outcomes are in line with expectations and that the models have not been manipulated in any way, the spokesperson said.
I mean, what does manipulated even mean in that sentence? Of course theyre manipulated. Someone wrote the algorithm. If they mean not manipulated to promote Chinese propaganda or not manipulated to suppress anti-Chinese content then maybe say that. Because manipulation on its own doesnt mean anything reasonable here.
There is nothing in Oracles history or experience that suggests the company has any useful insight into how TikTok handles recommendations or content moderation. There are plenty of reasons to think that Oracle might actually be problematic in this role.
The whole setup seems quite strange, and really feels like everyone just sort of making it up as they go along. TikTok needs some sort of US oversight to appease people who are freaked out that a Chinese-owned social media company is successful in the US, and Oracle was right there to say it would do it, in exchange for a lucrative hosting deal for its lagging cloud offering. This also feels vaguely similar to how the US has been accusing Chinese firms like Huawei and ZTE of using their tech to snoop on people when thats actually exactly what the US government has been doing via Cisco for years.
Also, what kind of precedent does this set? Will we be okay if other countries demand that their own favored companies have to audit US firms algorithms and content moderation practices? Because that is going to create quite a mess.
Filed Under: algorithms, audit, china, content moderation, usCompanies: bytedance, oracle, tiktok
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Oracle Now Reviewing TikTok Algorithms And Content Moderation Practices - Techdirt
NICE Announces Top Tier Microsoft Azure IP Co-Sell Status with the Full Power of NICE CXone Now Available Natively on Azure – Yahoo Finance
NICE secures Microsofts highest level partner designation with a co-sell partnership for CXone
HOBOKEN, N.J., August 17, 2022--(BUSINESS WIRE)--NICE (Nasdaq: NICE) today announced the expansion of its partnership with Microsoft, delivering the full power of CXone on Azure to create frictionless, personalized digital customer experiences. NICE has received Top Tier status, Microsofts highest level partner designation, for Azure IP Co-sell driving deeper collaboration and a strong go-to-market momentum. This partnership leverages the power of CXone to help organizations globally to transform their customers experiences and build a digital first customer service operation.
With a joint global go-to-market co-selling strategy working together with key strategic accounts enabling rapid time to value, extreme agility and a faster path to the cloud, NICE and Microsoft will accelerate organizations adoption of CXone.
CXones advanced AI and full portfolio of voice and digital solutions and with its integrations with Teams, Dynamics, Nuance, ACS (Azure Communication Services), and Customer Insights, allows organizations of all sizes to create proactive, brand-differentiating interactions that exceed the expectations of the digital-first customer and goes beyond the boundaries of the contact center.
Paul Jarman, CEO, NICE CXone, said, "Consumers today expect fast, convenient digital and self-service options. Through the expanded partnership with Microsoft and with CXone now available on Azure, and with our co-sell partnership, we are taking another step in the frictionless revolution allowing organizations to meet their customers wherever they choose to start their journey and create a cohesive digital experience. This better-together offering will foster customer experience interaction (CXi) modernization and provide a standard-setting choice for customers."
About NICEWith NICE (Nasdaq: NICE), its never been easier for organizations of all sizes around the globe to create extraordinary customer experiences while meeting key business metrics. Featuring the worlds #1 cloud native customer experience platform, CXone, NICE is a worldwide leader in AI-powered self-service and agent-assisted CX software for the contact center and beyond. Over 25,000 organizations in more than 150 countries, including over 85 of the Fortune 100 companies, partner with NICE to transform - and elevate - every customer interaction. http://www.nice.com
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Trademark Note: NICE and the NICE logo are trademarks or registered trademarks of NICE Ltd. All other marks are trademarks of their respective owners. For a full list of NICEs marks, please see: http://www.nice.com/nice-trademarks.
Forward-Looking StatementsThis press release contains forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements, including the statements by Mr. Jarman are based on the current beliefs, expectations and assumptions of the management of NICE Ltd. (the "Company"). In some cases, such forward-looking statements can be identified by terms such as "believe," "expect," "seek," "may," "will," "intend," "should," "project," "anticipate," "plan," "estimate," or similar words. Forward-looking statements are subject to a number of risks and uncertainties that could cause the actual results or performance of the Company to differ materially from those described herein, including but not limited to the impact of changes in economic and business conditions, including as a result of the COVID-19 pandemic; competition; successful execution of the Companys growth strategy; success and growth of the Companys cloud Software-as-a-Service business; changes in technology and market requirements; decline in demand for the Company's products; inability to timely develop and introduce new technologies, products and applications; difficulties or delays in absorbing and integrating acquired operations, products, technologies and personnel; loss of market share; an inability to maintain certain marketing and distribution arrangements; the Companys dependency on third-party cloud computing platform providers, hosting facilities and service partners;, cyber security attacks or other security breaches against the Company; the effect of newly enacted or modified laws, regulation or standards on the Company and our products and various other factors and uncertainties discussed in our filings with the U.S. Securities and Exchange Commission (the "SEC"). For a more detailed description of the risk factors and uncertainties affecting the company, refer to the Company's reports filed from time to time with the SEC, including the Companys Annual Report on Form 20-F. The forward-looking statements contained in this press release are made as of the date of this press release, and the Company undertakes no obligation to update or revise them, except as required by law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20220817005366/en/
Contacts
Corporate Media Contact Christopher Irwin-Dudek, +1 201 561 4442, ETchris.irwin-dudek@nice.com
Investors Marty Cohen, +1 551 256 5354, ETir@nice.com
Omri Arens, +972 3 763 0127, CETir@nice.com
Juniper comes to Bangladesh with expertise in networking and 5G era – Dhaka Tribune
Headquartered in California, Juniper Networks, one of the world's leading data centre and cloud hosting companies, has set its eyes on Bangladesh.
It is aiming to enhance the networking experience of the country through its innovative products.
Founded in 1996 and operating in India since 2000, the company has been simplifying the work of all network operators with its innovative products that provide automated management tools and powerful network analytics to enhance the networking experience.
The network solutions provider uniquely utilises microservices coupled with its AI Marvis, to transform how IT teams interact and engage with enterprise networks, enriching the end-user experience globally.
The company has recently started its operations in Bangladesh with four data centres in three districts of Bangladesh. Out of which, two are in Dhaka, one in Jessore and one in Chittagong.
In a press conference last week, the company said that as a channel-led business in Bangladesh, Juniper Networks is committed to providing the best-in-class solutions to its partners' customer needs and is currently working on the countrys 5G.
The companys director and head of enterprise and government, India and SAARC, Rabindra Singh said: Our AI network helps ensure security, detect problems more accurately and prevent risks and we are working on 5G in Bangladesh in that regard.
New equipment provided by Juniper Networks will reduce space, power, and cost requirements while providing advanced automation levels, making the network more reliable, programmable, and efficient, as well as decreasing equipment density and redundancy across the networks.
There is also the expansion of SecIntel to mist technology. This enables wireless access across Juniper's connected security strategy. It secures the Mist W-LAN platform and keeps the network safe from any risk.
The Marvis Virtual Network Assistant (VNA) uses Mist AI to transform how IT teams interact and engage with enterprise networks. As an essential virtual member of the IT team, it provides unsurpassed insight and automation.
Marvis identifies specific issues, notifies customers and partners and resolves issues quickly.
The tool constantly learns as it ingests more data, using its growing knowledge base to proactively correct issues in real-time and accelerates trouble ticket resolution, Sajan Paul, head of India and Saarc at the company, told Dhaka Tribune.
The Juniper Mist AI platform also aims to reduce business costs by providing extraordinary automation and insights, increase efficiency and increase IT productivity by using AI and Machine Learning (ML) to deliver the best networking experience to any digital user without human intervention.
Juniper Mist transforms customers' access to Juniper Enterprise to automated operations and service levels through the cloud. It delivers a new kind of automation and insight into the wired world, enabling easy troubleshooting through anomaly detection, and switching health metrics, according to the company.
We are getting great customer response and growth across service providers as well as local enterprises, banks and government spaces. Some of the popular products of Bangladesh Juniper are; Catalyst Switch, Router, Cable Box, Wire Manager and IN Switch, the companys top brass said.
Apart from providing customer service, Juniper also works on empowering R&D and business operations centres worldwide.
Various IT, data centers and cloud hosting organizations around the world use Juniper equipment.
Originally posted here:
Juniper comes to Bangladesh with expertise in networking and 5G era - Dhaka Tribune
The next NVIDIA GTC in September will go full force on topics of AI and Metaverse – Nasi Lemak Tech
Jensen Huang and team alongside experts across the tech industry are ready to live from September 19 to 22 for the next NVIDIA GTC.
The actual keynote by the CEO himself will start at 11 PM, September 20 for Malaysia with another side having Sanja Fidler, vice president of AI Research at NVIDIA hosting the Turing Award winners Yoshua Bengio, Geoff Hinton, and Yann LeCun to discuss the evolution of AI and applications.
But of course, the Metaverse is also one of the most popular sectors the world is trying to figure out so experts will be talking about underlying technologies like large language models, natural language processing, digital twins, and more.
Heres a simple breakdown of which company will be tackling on specific things.
Do you want to hit up some workshops to learn something new? Here some to name a few:
Workshops are categorized as totally free for the 2-hour session while full-day courses are tagged at $99.
Insights for Business Leaders
For the business owners, be sure to take this chance to join forums featuring world-class leaders in key industry sectors, including financial services, industrial, retail, automotive, and healthcare, and learn how to utilize AI and metaverse technology to pave way for the future.
Brands that are joining the talk include AT&T, BMW, Fox Sports, Lucid Motors, Medtronic, Meta, Microsoft, NIO, Pinterest, Polestar, United Airlines, and U.S. Bank.
Sessions for Startups
For the startups, the NVIDIA Inception global program is here to help and presenters will be covering the following topics:
The registration link for the NVIDIA GTC September 2022 is right overhere.
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The next NVIDIA GTC in September will go full force on topics of AI and Metaverse - Nasi Lemak Tech