Page 7 - Cloud Services

Sify aims Rs 3,500 cr revenue this fiscal, bullish on cloud services

IT services company Sify Technologies is bullish on the cloud services business and aims to clock revenue of Rs 3,500 crore in the current fiscal, a senior official of the company said on Saturday. Sify Technologies CEO Kamal Nath said that the company is expanding its data centre footprint and partnered with Hewlett Packard Enterprise for implementing its Greenlake technology to provide cost efficiency as well as predictability in the cost of cloud computing requirements of business organisations. Nath said that the company is seeing huge opportunities in the adoption of the hybrid cloud business. "Hybrid cloud promotes our data centre business, network business. It promotes all our business. We are already at a run rate of Rs 3,000 crore. We are eyeing Rs 3,500 crore (this fiscal)," Nath said on the sidelines of the CIO and Leader Conference here. The company had revenue of Rs 2,702.6 crore in 2021-22. In the first quarter ended June 30, 2022, the company's revenue grew 19.5 per

Slowdown in hyper-scalers could impact the revenue of the IT companies'

Major IT companies in India including Tata Consultancy Services (TCS), Wipro, Infosys and HCL earn nearly 50 per cent of their revenue from digital solutions supported by hyper-scalers like AWS, Azure

Reliance Jio partners with DigiBoxx to offer extra 10 GB cloud storage

In addition to the storage space of 20 GB available at present, Reliance Jio users can now have extra 10 GB space on DigiBoxx by signing up through the JioPhotos app

RailTel bags data centre management, cloud services orders from DRDO

RailTel Corporation of India Limited, a CPSU under the Ministry of Railways has bagged two separate orders pertaining to Data Centre management and cloud services both together amounting to Rs 54 cr

Chipmaker Broadcom to buy cloud services firm VMware in $61-bn deal

VMware shareholders will get $142.50 per share under the purchase, resulting in a premium of nearly 49% to the stock's close on May 22, when talks of the deal were first reported

Cloud-based digital solutions to empower Indian ITeS sector: Experts

Cloud-based digital solutions will enhance agility, empower hybrid workspaces and facilitate intellectual property-led innovation for the information technology-enabled services sector in India

Cloud communications firm Zoom pays over $1.8 mn to bounty hunters in 2021

In 2021, Zoom also recruited over 800 security researchers on the HackerOne platform.

Global Cloud infrastructure spending to reach $90 billion in 2022: IDC

Japan grew in the high single digits, while Western Europe grew in the low single digits

Cloud-based solutions an opportunity and challenge for government projects

There is also a need for departments to educate the members about cloud and usage and procurement as the financial contours are different

Kulmeet Bawa on plan to double India's contribution for SAP India

In a chat with Business Standard's Shivani Shinde, Kulmeet Bawa, President and MD for SAP Indian Subcontinent, talks about the ambitious target to turn its cloud business into a €22 bn revenue unit

L&T, Microsoft sign pact to develop regulated sector-focused cloud offering

Larsen & Toubro (L&T) and Microsoft India on Monday announced signing of a pact to develop a regulated sector-focused cloud offering to empower customers with the best-of-breed cloud computing and infrastructure services. In line with emerging regulations, L&T and Microsoft will co-engage with a defined set of large customers in regulated sectors to develop architectures and road maps to modernise their traditional data centres to potentially hybrid models and advance their digital transformation goals. Under the memorandum of understanding (MoU), the two industry leaders will set up a joint governance group to define future platform designs, investments, and commercial/business models to service the regulated sectors' emerging technology requirements, according to a statement. Senior leadership teams of both the organisations will be engaged collectively on this as the association evolves. "India is at the cusp of enormous cloud adoption, as innovation, scale and agility .

Elliott, Vista near $13 bn deal to buy cloud computing firm Citrix: Report

Citrix's products allow employees to access their companies' network remotely, but it has failed to capitalise on the rise of remote working during the pandemic.

Elliott, Vista near $13 bn deal to buy cloud computing firm Citrix: Report

Citrix's products allow employees to access their companies' network remotely, but it has failed to capitalise on the rise of remote working during the pandemic.

Algo rhythm: Small and medium-sized businesses path to cloud

83% of enterprise businesses say cloud solutions have helped their business recover from Covid-19

Amazon Cloud unit draws antitrust scrutiny from Khan's FTC

FTC investigators have contacted companies in the past few months to gather information about competition issues related to Amazon Web Services

Accenture revenue forecast tops estimates on cloud, security demand

Accenture now expects full-year revenue to grow between 19% and 22% from 12% to 15% forecast earlier

Larry Ellison's fortune soars $12 billion as Oracle cloud sales jump

Ellison ranks ninth among the world's richest people with a $119.5 billion fortune, according to Bloomberg Billionaires Index

Large number of mid-market enterprises moving applications to cloud: report

A large number of mid-market enterprises are reducing their focus from on-premises business applications and looking at moving applications to the cloud, a report by SAP India and IDC said Wednesday

India's public cloud services market to reach $10.8 bn by 2025: IDC

That's a CAGR of 24.1% for 2020-25; SaaS continued to be the largest component of the overall public cloud services market, followed by IaaS and PaaS in 1H2021

Bessemer Venture Partners raises $220 mn for early-stage India investments

The company's global portfolio includes Pinterest, Shopify and in India it has funds in PharmEasy and BigBasket.