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Smartsheet stock soars 15% as Q3 revenue grows 46% to $144M

GeekWire

The Seattle-area software company set records “on multiple financial and operational levels,” CEO Mark Mader said in a statement following a third quarter earnings report. million and non-GAAP net loss per share was $0.03, beating expectations. Customers include Cisco, Meta, Adobe and Amazon Web Services.

Adobe 116
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The biggest enterprise technology M&A deals of the year

CIO Business Intelligence

Even though Nvidia’s $40 billion bid to shake up enterprise computing by acquiring chip designer ARM has fallen apart, the merger and acquisition (M&A) boom of 2021 looks set to continue in 2022, perhaps matching the peaks of 2015, according to a report from risk management advisor Willis Towers Watson.

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Amazon rips Microsoft for ‘spotty operational performance during the COVID-19 crisis’

GeekWire

Some customers have reported hitting capacity limits. The Information reported last month about Azure struggling to meet demand even before the COVID-19 outbreak. Amazon Web Services has long been the cloud infrastructure market leader, though Microsoft Azure has gained momentum in recent years. GeekWire File Photo).

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Top 10 countries attracting international tech talent

CIO Business Intelligence

And with tech talent in high demand around the world, enterprises are increasing efforts to recruit international tech talent and open tech hubs in foreign countries. A survey from global talent marketplace Andela found that 88% of enterprise companies are looking for top tech talent in other countries. in the San Francisco Bay Area.

IBM 127
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Snowflake stock soars in largest software IPO ever; Madrona among earlier venture investors

GeekWire

based company more than doubled revenue to $242 million in the first half of 2020, with a net loss of $171.3 In its IPO filing, Snowflake listed Amazon Web Services, Microsoft Azure, and Google Cloud Platform under potential risk factors to the business. All three competitors offer their own data warehousing service.

Software 130
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Hyperscalers in crosshairs for anti-competitive pricing and lock-in

CIO Business Intelligence

Ofcom, the UK’s communications regulator, is concerned the market for public cloud infrastructure services is concentrated in the hands of just three providers, limiting competition and making it difficult for enterprises to switch or use multiple suppliers. Ofcom published an interim report on its findings in April 2023.

Cloud 52
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Slack warns investors about risk of possible retaliation from Microsoft over antitrust complaint

GeekWire

New language in Slack’s quarterly regulatory report warns investors that Microsoft could retaliate against the workplace collaboration company over its antitrust complaint against the tech giant. In its earnings report Tuesday afternoon, Slack reported revenue of $215.9 Slack’s latest 10-Q filing with the U.S.

Microsoft 101