Tag Archives: Billion

Alibaba takes control of logistics business, pledges $15 billion to expand network

HONG KONG (Reuters) – Chinese e-commerce firm Alibaba Group announced it will invest 100 billion yuan ($ 15.12 billion) over five years to build a global logistics network and also take control of a $ 20 billion unit, underpinning an … Continue reading

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Innogy to spend 1.2 billion euro on e-mobility, solar, glass fiber

FRANKFURT (Reuters) – Innogy, Germany’s largest energy group by market value, will spend up to 1.2 billion euros ($ 1.43 billion) in e-mobility, photovoltaics and glass fiber networks by 2019, it said in a statement on Thursday. Innogy has an … Continue reading

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Financial regulators use AWS’s cloud to analyze 75 billion trades daily

About three years ago the Financial Industry Regulatory Authority (FINRA) began plotting a migration to Amazon’s cloud. Most companies when they do so target low-hanging fruit: Applications that can be relatively easily lifted and shifted to the cloud. Not FINRA. … Continue reading

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IDG Contributor Network: Red Hat expected to rake in $2.4 billion in revenue this year

The king of Linux, Red Hat, continues its growth as a leading Linux vendor that’s betting big on the cloud. Yesterday, the company announced financial results for its second quarter of fiscal year 2017 ended August 31, 2016. The company … Continue reading

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‘Big bets’ cost Google parent Alphabet $3.6 billion in losses last year

Alphabet, the parent company of Google, racked up $ 3.6 billion in losses last year through investments in “big bets” such as self-driving cars and Internet balloons. The company was known to be spending heavily on these items but revealed … Continue reading

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Cloud reaches in $110 billion in annual revenues, Synergy says

Nevada-based Synergy Research Group says that across six major markets of cloud computing, the industry reached revenues of $ 110 billion. Synergy predicts that the cloud market is growing at 28% on average, which are some of the most bullish … Continue reading

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Is public cloud really a $20 billion quarterly industry?

Public cloud is big, and it’s growing fast. Nobody will deny that. But Synergy Research Group’s latest estimate that IT corporations earned $ 20 billion in revenue thanks to the public cloud seems a little high. Is this fuzzy math … Continue reading

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OpenStack Revenue Expected to Hit $3.3 Billion by 2018

New York (PRWEB) September 09, 2014 The OpenStack technology market, which is still in its nascent stage, will grow from $ 883 million in revenue in 2014 to $ 3.3 billion in 2018, as enterprises and vendors increasingly adopt the … Continue reading

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