Welcome to the Cloud Wars Minute — your daily news and commentary show, hosted by Cloud Wars Founder Bob Evans. Each episode provides insights and perspectives around the “reimagination machine” that is the Cloud.
01:08 — As company valuations and stock prices fluctuate, the Cloud Wars Top 10 companies have remained resilient in their collective revenue growth.
01:56 — Companies, like those with Snowflake’s quarterly numbers, will likely fall under increased scrutiny as talk of a recession becomes more prominent, despite six of the top ten Cloud Wars companies reporting strong earnings just four weeks ago. This included Microsoft, AWS, Google Cloud, SAP, ServiceNow, and IBM.
02:30 — In its last quarter, Snowflake’s product revenue growth was 106%. Bob predicts the revenue growth to come in around 68%.
03:20 — The Data Cloud category is disrupting the entire industry and creating value for customers who know the road to future digital success is paved with data.
03:40 — The strength of still-recent Q1 earnings figures represents an ongoing belief in cloud technology being foundational to the future of digital business.