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.
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In this Cloud Wars Minute, Bob Evans reviews the Cloud Confidence Index — replacing the Market Cap Madness series — that represents strong growth for the Cloud Wars Top 10 companies, despite drastic layoffs from four companies.
00:26 — The Cloud Confidence Index is Bob’s attempt to “toss a bit of analysis and perspective” into what can be an emotional time after hearing about layoffs from certain Cloud Wars Top 10 companies.
00:54 — Post-layoffs, the confidence in the future of the enterprise cloud — and its capabilities to deliver extreme levels of value, innovation, and growth — is still quite strong.
01:13 — Bob has taken the market caps of the Cloud Wars Top 10 companies over the past six weeks, from December 14 to January 20. Four companies saw their market caps decline over that period while six companies rose significantly.
02:15 — The Cloud Confidence Index is not intended to serve as a precise, quantifiable metric, but the stock market has proven to be a reliable indicator of public confidence by looking at the market caps of these companies. These numbers give insights into the ongoing significant level of confidence that business leaders and the public have in the ability of the enterprise cloud.
02:52 — Over time, Bob will be adding current details to this list, as quarterly financial earning results are released from Microsoft, Amazon, Google Cloud, SAP, IBM, and ServiceNow are released over the next 10 days.
03:45 — The enterprise cloud is moving along just fine — more businesses are seeing a way out of the uncertain economic times through the use of the cloud. As we follow the Cloud Confidence Index over time, that will be revealed.