Welcome to Episode 5 of the Cloud Wars Horizon Minute — featuring news and commentary hosted by Acceleration Economy analyst Tom Smith. Each episode provides insights into a new group of companies that are being introduced to the Cloud Wars Audience.
This episode is brought to you by Cloud Wars Expo. This in-person event will be held from June 28th to 30th at the Moscone Center in San Francisco, California
00:10 — Today’s reports focus on cloud company earnings from MongoDB, HPE, and Veeva Systems.
01:45 — MongoDB reported 57% revenue growth. Its revenue and earnings significantly surpassed expectations, powered by strong customer demand for its flagship MongoDB Atlas database.
02:25 — Events in China and Russia negatively impacted HPE‘s results, but still, its as-a-service business orders more than doubled for the third consecutive quarter.
03:05 — Veeva, a provider of industry-cloud software to the life sciences industry, reported double-digit revenue growth.
03:25 — Veeva execs said large deals are progressing well as they continue to respond to inquiries about the state of the macroeconomic environment.