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Cincinnati Edition: What will Intel’s plant mean for Ohio? – University of Cincinnati

Vemuri said new fabrication plants promise to attract related industries, creating a ripple effect across Ohio's tech sector.

From our perspective, this is truly a dream come true, Vemuri said. There is nothing like this in Ohio or anywhere else in the Midwest.

UC has deep ties to Intel and other tech companies. Many students across UC's colleges work in high-tech jobs after graduation, Vemuri said.

About 50 of his 130 graduate students over the years launched their tech careers at Intel, he said.

We have a very strong relationship with Intel through our former graduate students. And we're looking to further strengthen that relationship, Vemuri told WVXU.

This is not the Rust Belt anymore, Vemuri said. This could be the Silicon Belt.

Jha said high-profile tech companies could establish a new presence near the Intel plants to support its future needs.

This represents an awesome opportunity for Ohio and a tremendous opportunity for growth in terms of bringing other companies to the region, Jha said.

Ohio has promised tax incentives of as much as $2 billion, according to the Columbus Dispatch. But Jones said Intel's new plants are expected to draw private investment and employment that will generate new tax revenue, which is why Ohio competed so hard with other states to get Intel's business.

This is like the Joey Votto of investments they're swinging big, Jones said.

Listen to the Cincinnati Edition interview.

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Cincinnati Edition: What will Intel's plant mean for Ohio? - University of Cincinnati

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Chair/Distinguished/Full Professor in Computer and Information Science job with UNIVERSITY OF MACAU | 281185 – Times Higher Education (THE)

The University of Macau (UM) is the only public comprehensive university in the Macao Special Administrative Region (MSAR) located at the west bank of the Guangdong-Hong Kong-Macao Greater Bay Area (GBA). The GBA is rapidly developing into one of the leading technology and innovation hubs of the world. With a scenic campus of approximately 1 km2 on Hengqin island, UM has achieved significant progress in the past decade as evidenced by its rising international repute, state-of-the-art teaching and research facilities, and the establishment of three State Key Laboratories in microelectronics, Chinese medical sciences, and internet of things for smart city. To support economic diversification of MSAR and deepen collaboration between MSAR and Guangdong Province in Hengqin island, UM will continue to invest in cutting-edge research and develop interdisciplinary programmes in key strategic areas including precision oncology, advanced materials, regional oceanography, artificial intelligence and robotics, data science, cognitive and brain science and economics and finance. Leveraging its 4-in-1 model of education and the largest residential college system in Asia, UM provides all-round undergraduate education, nurturing talent to support social and economic development in MSAR and the GBA as a whole. With unprecedented growth and opportunities for development, UM offers promising career prospects to academics at all levels. It may be noted that English is the working language and the primary medium of instruction at UM.

The Department of Computer and Information Science (CIS) of the Faculty of Science and Technology (FST) invites applications for the position of Chair/Distinguished/Full Professor with specialty in Artificial Intelligence, Virtual Reality, Augmented Reality and Metaverse Related Technology. This position is intended to complement and strengthen existing departmental staff expertise. We are seeking candidate with a proven track record in scientific research, an innovative research vision, and a commitment to education.

FST is the oldest and one of the most vibrant faculties at UM, dedicated to student-centric education and cutting-edge research in engineering and science. All of its bachelors degree programmes in engineering and computer science are accredited by the Hong Kong Institution of Engineers (HKIE) and recognized worldwide. UM is among the top 1% in Essential Sciences Indicators (ESI) rankings in both Engineering and Computer Science. In the THE World University Ranks, the Engineering and Technology programme is ranked among the 101st 125th and the Computer Science programme is among the top 175, arising from its status of a local community college in less than 10 years.

CIS was founded in 1990 and currently has 27 academic staff. The Department offers Bachelors, Masters and PhD degree programmes, which cover the main aspects of modern computer science and related technologies. CIS has equipped fifteen laboratories with advanced facilities and rich software tools for its students and academic staff to develop their course projects, final year projects and R&D projects. The programmes have extensive collaboration with other institutes around the world.

Qualifications

The selected candidate is expected to assume duty in August 2022.

Remuneration

A taxable annual remuneration starting from MOP1,210,300 (approximately USD149,420) will be commensurate with the successful applicants academic qualification and relevant professional experience. The current local maximum income tax rate is 12% but is effectively around 5% - 7% after various discretionary exemptions. Apart from competitive remuneration, UM offers a wide range of benefits, such as medical insurance, provident fund, on-campus accommodation/housing allowance and other subsidies. Further details on our package are available at: https://career.admo.um.edu.mo/learn-more/.

Application Procedure

Applicants should visit https://career.admo.um.edu.mo/ for more details, and apply ONLINE. Review of applications will commence upon receiving applications and continue until the position is filled. Applicants may consider their applications not successful if they are not invited for an interview within 3 months of application.

Human Resources Section, Office of AdministrationUniversity of Macau, Av. da Universidade, Taipa, Macau, ChinaWebsite: https://career.admo.um.edu.mo/; Email: vacancy@um.edu.moTel: +853 8822 8574; Fax: +853 8822 2412

The effective position and salary index are subject to the Personnel Statute of the University of Macau in force. The University of Macau reserves the right not to appoint a candidate. Applicants with less qualification and experience can be offered lower positions under special circumstances.

***Personal data provided by applicants will be kept confidential and used for recruitment purpose only***

** Under the equal condition of qualifications and experience, priority will be given to Macao permanent residents**

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Chair/Distinguished/Full Professor in Computer and Information Science job with UNIVERSITY OF MACAU | 281185 - Times Higher Education (THE)

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Anastasios Kyrillidis wins NSF CAREER Award | Rice News | News and Media Relations | Rice University – Rice News

By Patrick KurpSpecial to the Rice News

HOUSTON (Feb. 8, 2022) Rice University computer scientist Anastasios Kyrillidis has won a National Science Foundation CAREER Award to explore the theory and design of non-convex optimization algorithms, an increasingly important class used in machine learning and artificial intelligence.

CAREER Awards are among the most competitive given by the NSF, which awards only about 500 each year across all disciplines. The awards include five-year grants to support early career faculty who have the potential to serve as academic role models in research and education and to lead advances in the mission of their department or organization.

Kyrillidis, Rices Noah Harding Assistant Professor of Computer Science, joined the university in 2018. His CAREER research will focus on devising technology for faster, more robust non-convex optimization algorithms.

Non-convex optimization is at the heart of many engineering applications, especially through the wave that machine learning and artificial intelligence have triggered: physics, health care, biology, software engineering, chemistry and materials science, among others, he said.

Given that we lack theory, more often than not, in non-convex optimization, researchers often follow trial-and-error procedures, which leads to heuristics, Kyrillidis said. Deciding when heuristics are provable algorithms is a pressing need for the scientific community and society as a whole.

His goal is to devise algorithmic foundations and theory that will accelerate problem solving. This would include the design of fast algorithms as an active research area in machine learning, information processing and optimization research.

Understanding how performance is obtained using efficient algorithms is essential to designing practical and safely applicable learning, he said. His research will focus on three priorities: Faster convergence in structure-rich problems, with emphasis on matrix-factorized machine learning problems; algorithmic acceleration in non-convex scenarios, with a focus on neural network architectures; and acceleration techniques in machine-learning systems.

Kyrillidis earned his Ph.D. from the Swiss Federal Institute of Technology in Lausanne in 2014 prior to working as a Goldstine Postdoctoral Fellow at IBMs T.J. Watson Research Center in Yorktown Heights, New York, and as a Simons Foundation pPostdoctoral researcher at the University of Texas at Austin.

Patrick Kurp is a science writer in Rice's George R. Brown School of Engineering.

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Learn more about:

Kyrillidis CAREER Award: http://www.nsf.gov/awardsearch/showAward?AWD_ID=2145629

Kyrillidis research: akyrillidis.github.io/about

Computer Science at Rice: cs.rice.edu

Rices George R. Brown School of Engineering: engineering.rice.edu

IMAGE available for download at:

https://news-network.rice.edu/news/files/2022/02/0214_KYRILLIDIS-career-lg.jpg CAPTION: Anastasios Tasos Kyrillidis(Photo courtesy of Rice University)

This release can be found online at news.rice.edu.

Follow Rice News and Media Relations via Twitter @RiceUNews.

Located on a 300-acre forested campus in Houston, Rice University is consistently ranked among the nations top 20 universities by U.S. News & World Report. Rice has highly respected schools of Architecture, Business, Continuing Studies, Engineering, Humanities, Music, Natural Sciences and Social Sciences and is home to the Baker Institute for Public Policy. With 4,052 undergraduates and 3,484 graduate students, Rices undergraduate student-to-faculty ratio is just under 6-to-1. Its residential college system builds close-knit communities and lifelong friendships, just one reason why Rice is ranked No. 1 for lots of race/class interaction and No. 1 for quality of life by the Princeton Review. Rice is also rated as a best value among private universities by Kiplingers Personal Finance.

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Why Edge Computing Will Overtake the Cloud | eWEEK – eWeek

Compared to the previous generation, todays generation of startups are increasingly cloud-centric. The previous generation of dotcoms had to suffer the economics and complexities of deploying, managing, and scaling their own servers, networks, and data centers.

In contrast, todays generation grew up in the just-in-time, pay-for-what-you-need, and scale-up-on-demand world that is cloud native.

Also see: Why the Future of Computing is at the Edge

But over the last two years, businesses have largely opted for edge-enabled, serverless infrastructures. This means there are no servers to manage; no locations to spin up; and most importantly, no cloud computing contracts to analyze.

With edge-enabled, serverless infrastructures, businesses can benefit from faster and more stable API performance and a decreased need in infrastructure support and annual spend.

As a software practitioner for more than two decades, I have been through more paradigm shifts in computing than I can count. But I can confidently say this: The future of computing for an entire generation of companies will be edge-native, and the traditional cloud is the platform that will lose.

Also see: Top Edge Computing Companies

One of the main problems with paradigm shifts is that there are so many new technologies that emerge in the early stages. The same has been true for edge computing, with numerous companies offering edge-compute solutions that run on new infrastructures, telecommunications providers, and even cloud-computing companies.

When we talk about edge computing companies, were describing the ability to run code at the network edgespecifically the content delivery network (CDN) providers.

CDNs have been around since the beginning of the Internet. The major players (Akamai, Limelight, Cloudflare, Verizon Edgecast, and Fastly) have been helping customers ensure content is delivered quickly to customers by ensuring a large distributed global cache of servers.

In the old model, these providers simply stored data for companies, ensuring that as customers visited websites or downloaded software, the response times were fast because the server itself had the content as close to the customer as possible.

Also see: Will Edge Computing Devour the Cloud?

One change is that these server resources and the content delivery network itself are now programmable. This allows companies to move core API services off of centralized cloud servers and onto the existing globally distributed networks that the CDNs operate.

With edge solutions, companies that could only run servers in limited locations now have the ability to run APIs at a much larger scale, increasing user response speeds and the companys global footprint.

The second major change is how the code itself is deployed. With cloud computing, youre renting a server and running your code on it. With edge computing, you simply deploy your code to the platform, and the code is automatically run on the nearest server across the regions.

This idea, called serverless compute, is also offered by the cloud providers (AWS Lambda, Google Cloud functions, and Azure Functions). But with the edge platforms, these functions now run across a global fleet of servers with zero management overhead.

Changes in the technology landscape are dictated by the economics they offer, not just the innovation behind the product.

When cloud computing came to market, the economic advantage was instantly obvious. Cloud computing gives users the ability to swap high upfront investments in their own server and network infrastructures for zero upfront. They use on-demand leases of compute power that can be paid with a credit card. The adoption was driven by economics, not the technology.

With edge computing, we are seeing similar economic staying power. Cloud-computing companies buy server and data center infrastructure in bulk to support resales as capacity. Edge platforms, like CDNs, are using edge computing to drive additional value on existing infrastructure, which in turn lowers the cost required to provide compute services to customers.

CDNs are fundamentally simple servers: They hold copies of data (storage/memory), they look up requests for said data (CPU), and then return the data to the user (network). There are also a number of free CPU cycles available throughout the day, as most retrieve and transmit actions require less CPU power than running a full database engine.

With serverless models, CDN providers are able to further monetize their existing capacity, allowing for meaningful economic impacts downstream.

As companies expand globally, cloud-based bandwidth costs will only increase, whereas such costs are not even a factor in edge-native pricing. In addition, edge-native solutions dramatically lower management costs (no servers to monitor), scale rapidly at a global level (code runs near users automatically), and simplify billing.

For startups looking to offer low-cost solutions on a global scale, the simplicity and economics of the edge-native model is compelling. As the next generation of startups comes of age, we expect to see many adopt a cloud-free model.

Weve seen the future of the cloudand it lives on the edge. For businesses, this is a faster, more scalable, and dramatically cheaper solution to modern computing needs.

Also see: Why Cloud Means Cloud Native

About the Author:

Jake Loveless, CEO, Edgemesh

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Why Edge Computing Will Overtake the Cloud | eWEEK - eWeek

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Public cloud computing spend to overtake traditional IT – IT Brief Australia

Enterprise IT spending on public cloud computing, within addressable market segments, will overtake spending on traditional IT in 2025, according to Gartner analysts.

Gartners cloud shift research includes only those enterprise IT categories that can transition to cloud, within the application software, infrastructure software, business process services and system infrastructure markets.

The analysts find that by 2025, 51% of IT spending in these four categories will have shifted from traditional solutions to the public cloud, compared to 41% in 2022.

Almost two-thirds (65.9%) of spending on application software will be directed toward cloud technologies in 2025, up from 57.7% in 2022.

Gartner research vice president Michael Warrilow says, The shift to the cloud has only accelerated over the past two years due to COVID-19, as organisations responded to a new business and social dynamic."

He says, "Technology and service providers that fail to adapt to the pace of cloud shift face increasing risk of becoming obsolete or, at best, being relegated to low-growth markets.

According to Gartner, in 2022, traditional offerings will constitute 58.7% of the addressable revenue but growth in traditional markets will be much lower than cloud.

Demand for integration capabilities, agile work processes and composable architecture will drive continued shift to the cloud, as long-term digital transformation and modernisation initiatives are brought forward to 2022.

Technology product managers should use the cloud shift as measure of market opportunity. In 2022, more than $1.3 trillion in enterprise IT spending is at stake from the shift to cloud, growing to almost $1.8 trillion in 2025, according to Gartner.

Ongoing disruption to IT markets by cloud will be amplified by the introduction of new technologies, including distributed cloud. Many will further blur the lines between traditional and cloud offerings, the analysts state.

Enterprise adoption of distributed cloud has the potential to further accelerate cloud shift because it brings public cloud services into domains that have primarily been non-cloud, expanding the addressable market.

Organisations are evaluating it because of its ability to meet location-specific requirements, such as data sovereignty, low-latency and network bandwidth.

To capitalise on the shift to cloud, Gartner recommends technology and services providers target segments where the shift is occurring most aggressively, in addition to seeking new high-growth cloud opportunities.

For example, infrastructure-related segments have a lower level of cloud penetration and are expected to grow faster than segments such as enterprise applications that are already highly penetrated. Providers should also target specific personas, adoption profiles and use cases with go-to-market initiatives.

Gartners research on cloud shift provides a high-level view of the market impact of cloud computing by measuring the ratio of enterprise IT spending on public cloud services compared with traditional (non-cloud) for a given set of market segments.

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Cloud computing giant Salesforce is working on an NFT platform – CryptoSlate

Salesforce, the worlds largest cloud-based software company, is reportedly working on its own NFT product, called the NFT Cloud.

Salesforces CEOs Marc Benioff and Bret Taylor revealed the plans to the companys employees during a sales kickoff on Wednesday, sources close to the matter revealed.

The companys co-CEOs shared their vision for an NFT cloud service that would enable artists to create content and release it onto NFT marketplaces. People that reportedly attended the meeting told CNBC that they referenced the NFT collection Pepsi released last December, saying that the Mic Drop collection is an example of a good foray into the industry.

NFTs issued through Salesforces NFT cloud platform could be released to marketplaces like OpenSea, where they could access billions of dollars worth of liquidity.

According to CNBCs source, Salesforce also said that it could integrate the tool into its own ecosystem and enable all of the NFT transactions to be more easily managed. A marketplace owned and operated by Salesforce would then remove the need to have the platform connected to OpenSea and potentially transfer all that trading volume directly to Salesforce.

And while the cloud computing giants foray into NFTs is the first time the company has dipped its fingers in the new asset class, comments and actions from Salesforces top executives hinted at this months ago.

Mathew Sweezy, the director of market strategy at Salesforce, said that 2022 sill see pioneering brands explore adding additional utility through NFTs.

To unlock their full potential, brands are going to have to start creating utility via the token, Sweezey wrote in a blog post. In 2022, youre going to hear a lot more about NFTs, and there will be winners and losers.

Sweezey said the latest project from Time magazine was a great example of how NFTs can be used beyond the novelty phase. Last spring, Time released TIMEPieces, a collection of NFTs giving owners access to magazine content and events.

Salesforces interest in the NFT space stems back to the release of TIMEPieces, as the magazine is owned by Marc Benioff and his wife. In November, Time established a partnership with Galaxy Digital to add Ethereum (ETH) to its balance sheet, making it the first leading media company to do so.

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Cloud computing giant Salesforce is working on an NFT platform - CryptoSlate

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How Cloud Computing is Reshaping the Agriculture Industry – Startup.info

Companies have an option of using IT infrastructures without building, maintaining, and even owning them. They can do that through pay-as-you-go services from cloud providers. Some of the services they can access through this option are storage, computing capacity, and databases. These possibilities were not initially available for small and medium-level businesses.

Agriculture is one of the sectors that has benefited from cloud computing applications. This is an appropriate marriage between the latest invention and the oldest sector. Technology is crucial in agriculture because of increased population, limited farmland, unfertile soil, and climate change.

The article highlights how cloud computing has transformed agriculture.

Experts collect data on crops that farmers have been growing in recent years to provide them with the insights that guide them on what to plant next.

They also get weather data of a specific region and weather forecasts for future periods. Farmers can make crop-related decisions based on the cloud computing data they receive.

Analysts provide soil profiles as part of soil information. They use historical patterns of soil to forecast future trends. Soil experts evaluate soil acidity and alkalinity, changes in the soil quality and composition. So cloud computing is used to store and analyze soil information.

The growth of different crops is controlled in various regions and at regular intervals. Such a process provides a comparison of the present growth trends and the previous growth patterns. The analytics is applicable to stored data in order to avail growth tracking insights.

Authorities use cloud computing to store farmers data, which includes crop type, lands, yield, and required help. Such information is useful for future strategies and better resource allocation.

Further, the technology provides solutions to the common challenges farmers encounter. This is made possible by the quick response time from experts. They can provide solutions through cloud computing platforms such as Telemedicine. On the other hand, farmers can access these solutions through their websites and apps.

For many years farmers in the rural areas have not been able to sell their produce directly to the consumer because of middlemen, which has led to farmers being exploited in the process. However, technology such as cloud technology helps farmers to sell directly to retailers and consumers. This is possible due to a cloud computing-enabled agricultural management information system. The web-based information system provides farmers with up-to-date information about the market, sowing crops, weather, fertilizer, and much more.

Further, experts and scientists in the agriculture research station can now share their recommendations and discoveries about conventional agricultural techniques and fertilizer in the cloud.

Cloud-based technology is still developing, but so far, it is helping farmers nurture their crops the same way doctors treat their patients. Instead of viewing farmers as a homogenous field of crops, they will see an individual plant.

Experts recommend using cloud-based mobile applications, machine learning, artificial intelligence, computer vision, and other automated driving technologies. Indeed, data is an integral part of this landscape, and the goal is to help farmers double their yields and farm better.

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Filings buzz in the aerospace and defence sector: 31% decrease in cloud computing mentions in Q3 of 2021 – Army Technology

Mentions of cloud computing within the filings of companies in the aerospace and defence sector fell 31% between the second and third quarters of 2021.

In total, the frequency of sentences related to cloud computing between October 2020 and September 2021 was 94% higher than in 2016 when GlobalData, from whom our data for this article is taken, first began to track the key issues referred to in company filings.

When companies in the aerospace and defence sector publish annual and quarterly reports, ESG reports and other filings, GlobalData analyses the text and identifies individual sentences that relate to disruptive forces facing companies in the coming years. Cloud computing is one of these topics - companies that excel and invest in these areas are thought to be better prepared for the future business landscape and better equipped to survive unforeseen challenges.

To assess whether cloud computing is featuring more in the summaries and strategies of companies in the aerospace and defence sector, two measures were calculated. Firstly, we looked at the percentage of companies which have mentioned cloud computing at least once in filings during the past twelve months - this was 67% compared to 28% in 2016. Secondly, we calculated the percentage of total analysed sentences that referred to cloud computing.

Of the 20 biggest employers in the aerospace and defence sector, Thales SA was the company which referred to cloud computing the most between October 2020 and September 2021. GlobalData identified 47 cloud-related sentences in the France-based company's filings - 0.3% of all sentences. Leonardo SpA mentioned cloud computing the second most - the issue was also referred to in 0.3% of sentences in the company's filings. Other top employers with high cloud mentions included General Dynamics Corp, BAE Systems Plc and Leidos Holdings Inc.

Across all companies in the aerospace and defence sector the filing published in the third quarter of 2021 which exhibited the greatest focus on cloud computing came from Bharat Electronics Ltd. Of the document's 3,465 sentences, five (0.1%) referred to cloud computing.

This analysis provides an approximate indication of which companies are focusing on cloud computing and how important the issue is considered within the aerospace and defence sector, but it also has limitations and should be interpreted carefully. For example, a company mentioning cloud computing more regularly is not necessarily proof that they are utilising new techniques or prioritising the issue, nor does it indicate whether the company's ventures into cloud computing have been successes or failures.

In the last quarter, companies in the aerospace and defence sector based in Western Europe were most likely to mention cloud computing with 0.11% of sentences in company filings referring to the issue. In contrast, companies with their headquarters in the United States mentioned cloud computing in just 0.08% of sentences.

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Filings buzz in the aerospace and defence sector: 31% decrease in cloud computing mentions in Q3 of 2021 - Army Technology

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3 Top Cloud Stocks to Buy in February – The Motley Fool

According to one source, it is estimated that the global cloud computing market could exceed $900 billion by 2026. Even if this estimate is a bit aggressive, there is no question that the market is vast and growing fast.

Some major players dominate the sector, but there are also niche players. This assortment offers investors a massive opportunity and a plethora of options to play this red-hot market, as these three stocks show.

Image source: Getty Images.

When most people think of Amazon (NASDAQ:AMZN), they likely think of the incredible e-commerce business and Amazon Prime, but its cloud business is increasingly the key to its success. Instead of seeing Amazon as an e-commerce business with a cloud segment attached, many investors are starting to see that it is actually the other way around. And the recent earnings release illustrates this point.

Amazon Web Services (AWS) is its cloud computing business, and the segment has grown from $35 billion in net sales in 2019 to over $62 billion in 2021 -- a compound annual growth rate (CAGR) of over 33%.

The segment's growth is also accelerating. Year over year, revenue growth for 2021 was 37%. Even better, the segment is highly profitable. In 2021, AWS produced an operating margin of 30%, as shown below.

Data source: Amazon. Chart by author.

Amazon's total sales were $470 billion in 2021, an increase of 22%. So the company still derives most of its revenue from sources other than AWS. However, AWS is much more profitable than the rest of the business. In fact, this segment was responsible for a whopping 74% of operating income in 2021, despite accounting for only 13% of sales.

AWS is a terrific reason to be bullish on Amazon stock for years to come.

Like Amazon, Alphabet (NASDAQ:GOOG)(NASDAQ:GOOGL) is a titan in the cloud services industry. The company recently released its full-year 2021 earnings, and the results were spectacular across the board. Total revenue grew to $258 billion, a 41% increase over 2020. Results for 2020 were dampened by COVID-19's negative effect on advertising spending, so it is essential to keep this increase in context. Looking back to 2019, the CAGR in sales is still impressive at 26%. Diluted earnings per share in 2021 were equally remarkable at $112.20.

The Google Cloud segment is growing rapidly. Total cloud sales in 2021 reached $19.2 billion, up from $13.1 billion in 2020 and $8.9 billion in 2019. Unlike AWS, Google Cloud is not yet profitable, posting an operating loss of $3.1 billion in 2021. However, this loss narrowed significantly from 2020, which may indicate that the segment will scale to profitability soon. In the meantime, Alphabet has the advantage of its highly profitable advertising business to power its income.

The stock appears reasonably valued with a price-to-earnings (P/E) ratio of just over 25. As shown below, this is a lower P/E than it has traded for since the stock market's recovery from the March 2020 crash.

GOOG PE ratio. Data by YCharts.

Alphabet has also announced that the stock will have a 20-for-1 split in July. This is exciting news for investors who may find it challenging to accumulate shares due to their high price.

A burgeoning cloud segment and high-octane advertising business make it an excellent stock for long-term investors.

DigitalOcean Holdings (NYSE:DOCN) offers a chance for more adventurous investors to buy shares of a smaller, growing cloud enterprise. In many ways, DigitalOcean is everything that Google and Amazon are not.

Its target market is small to medium-size businesses, whereas Amazon and Google are geared more toward large corporations. Simplicity, straightforward pricing, and excellent customer service are how DigitalOcean seeks to separate itself from the pack. The company estimates that it will have a $116 billion addressable market by 2024 within its target market.

The company has experienced rapid growth in recent years, going from $203 million in annual revenue in 2018 to an estimated $427 million in fiscal 2021. This is a CAGR of over 28%. Along with this, DigitalOcean reports adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) that went from $39 million to $130 million in the same period. Perhaps most encouraging is that revenue growth is accelerating and is expected to hit 34% in 2021. The chart below shows the company's revenue, adjusted EBITDA, and revenue growth rate over the past several years.

Data source: DigitalOcean. Chart by author.

The stock has been decimated recently along with the general market sentiment away from growth stocks. This might offer long-term investors a compelling entry point. The stock currently trades over 55% down from its 52-week high. A small growth stock like DigitalOcean also carries more risk than megacaps like Amazon and Google, so investors should trade according to their risk tolerance.

The cloud computing business is booming, and should continue to do so for many years. Investors have several options to take advantage of this, including megacaps with wide-ranging services and niche providers that focus on small and mid-size companies. All three of the above stocks should serve long-term investors well over the next several years.

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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LEAP Declared a Winner in 2021-22 Cloud Awards – Law.com

Feb 08, 2022 3:55 PMET

Legal Newswire POWERED BY LAW.COM

JERSEY CITY, NJ February 9, 2022 LEAP, the leading cloud-based legal practice productivity solution for law firms, has been declared the winner of Best Software as a Service USA (SMB) this week in the International Cloud Computing Awards program, The Cloud Awards.

Celebrating its ten-year anniversary, The Cloud Awards identifies and celebrates innovation in cloud computing from organizations of any scale and headquartered in any country worldwide.

Categories for the 2021-22 Cloud Awards include Best Software as a Service, Cloud Project of the Year, Best Open-Source Cloud Solution, and Best Place to Work in the Cloud.

As more small and mid-sized law firms migrate to cloud-based solutions, LEAP is uniquely positioned to meet their needs. LEAP offers a powerful combination of legal practice management, document assembly and management, accounting, and legal publishing features in one integrated, hybrid-cloud solution. LEAP enables legal professionals to improve law firm productivity, efficiency, and profitability with the ability to work online, or offline, with full flexibility for matter and casework in-office, remotely, or in court.

Peter Baverstock, CEO of LEAP Legal Software US said: Winning a Cloud Award on the ten-year anniversary of the Cloud Awards is a special honor. For nearly thirty years, LEAP has revolutionized how law firms operate with our state-of-the-art legal practice productivity software. Winning this award underscores LEAPs industry leadership and continued commitment to enable law firms to be more productive and profitable.

Head of Operations for the Cloud Awards, James Williams, said: The Cloud Awards has been identifying the great organizations who create world-changing technologies for a decade now. LEAP is a worthier-than-ever winner of this Cloud Award, taking cloud technologies to new heights. It was a real pleasure to see them come top in their category and shows how much they impressed the panel with their market-leading innovations.

Hundreds of organizations entered, with entries coming from across the globe, covering the Americas, Australia, Europe, and the Middle East. You can view the full shortlist here: https://www.cloud-awards.com/2021-shortlist/.

About LEAP

LEAP is a cloud-based legal practice productivity solution that is used by more than 61,000 legal professionals around the globe. For nearly thirty years, LEAP has been a legal technology leader, setting the standard for firms looking to maximize productivity, efficiency, and profitability. LEAP is an integrated legal practice solution that leverages best-in-class technology to help law firms with matter management, legal accounting, document assembly and management, marketing solutions, and more. LEAP is everything you need to run a law firm. To learn more about LEAP, visitwww.leap.us.

About the Cloud Awards

The Cloud Awards is an international program that recognizes and honors industry leaders, innovators, and organizational transformations in cloud computing. The awards are open to large, small, established, and start-up organizations from across the entire globe, with an aim to find and celebrate the pioneers who will shape the future of the Cloud as we move into 2022 and beyond. The Cloud Awards currently offers two awards programs, the Cloud Computing Awards, and the Software-as-a-Service Awards.

Categories for the Cloud Computing Awards include Most Promising Start-Up, Best SaaS, and Best in Mobile Cloud Solution. Finalists were selected by a judging panel of international industry experts. For more information about the Cloud Awards, please visit https://www.cloud-awards.com/.

Media Contacts

For LEAPLiz Austin SVP Marketingwww.leap.us[emailprotected]

For the Cloud AwardsJames Williams Operationswww.cloud-awards.com[emailprotected]

URL : http://leap.us

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LEAP Declared a Winner in 2021-22 Cloud Awards - Law.com

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