Since its Initial Public Offering in August 2008, Rackspace Hosting’s share value has grown almost 6 times its original value. This is primarily because of the company’s growth in terms of earnings per share, revenue, and subscriber base. The cloud service provider is currently trading with an impressive profit-to-earnings ratio and analysts are warning investors…
Cloud computing has the potential to solve a lot of the problems that are being encountered by organizations these days with regard to expansion, cost effectiveness, and Information Technology. The concept itself has attracted the attention of big players in the government, business, and in the IT industry. However, many of the key decision makers…
Larry Ellison, Chief Executive Officer ofOracle, recently announced the company’s new offering, a highly sophisticated server with a lot of memory. Oracle also announced an updated database application to compete with its rival SAP, as well as cloud services like database, software, applications, software, and computing power which will be leased to cloud computing customers….
IBM is targeting a market where the technology giant is considered as a newcomer. A major change in a society that generally deals with the largest corporations and governments around the world, IBM will increase its efforts to sell the so-called cloud computing services to medium-sized companies. The company has lined up partners to resell…
At this time of financial uncertainty, investors want to search for a winner and it’s to be expected. They don’t want to part with their hard-earned money only to find themselves losing in the end. Most of them will troop to Amazon because it’s been touted as the number one bookseller, even beating Barnes &…
On the sidelines of the quarterly results, Oracle CEO said the company would offer its public cloud during its OpenWorld event at the end of the month. Larry Ellison, CEO of Oracle, said a new IaaS platform would be unveiled at the upcoming OpenWorld conference. According to him, this service will provide customers access to…
Netflix is one of the examples that public cloud based services will serve as the driving force in the transformation of in-house IT operations. Netflix has decided that they no longer need an on-premise datacenter to support their in-house corporate IT services, and have started shifting internal applications to Amazon’s cloud, while also migrating several…
For those individuals who want to invest in cloud computing stocks, the best advice you can have is to ensure that you have chosen the right company to invest in. Basically, you can do this by comparing the company with important statistics and financial objectives. Rackspace Hosting and Salesforce.com are 2 of the best performing…
According to IHS, an analyst firm, at the rate consumers are shifting to cloud computing services, the individual subscriptions for cloud storage can reach $500M by the end of 2012. It is also predicting that the rate of growth will be double digit for the next 5 years. IHS claims that the personal subscriptions can…
The concept of cloud refers to the paperless computer hardware resources (cloud computing) and software (Software as a Service). This model tends technology strategically to win business. But it could reshape the IT landscape especially professional to lead to a new paradigm – thanks to the emergence of Amazon Web Services (AWS). As a result,…