Remove 2024 Remove Azure Remove Trends
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We End the Year at All-Time Lows for SaaS Growth. A Buying Signal — Or The End of an Era?

SaaStr

And broader Cloud players had great years too, from MongoDB to Cloudflare to Azure, if not quite as crazy as at the peak of 2021. So there is plenty of reason for at least modest optimism for 2024.: And Gartner still predicts overall Cloud spend will grow to record rates in 2024. I’m betting that’s not 2024-2026.

Azure 349
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The Capex Conquest in the Cloud

Tom Tunguz

Cloud Capex in Q1 AWS $14 billion Azure $14 billion Google Cloud $12 billion These are not one-time investments, but part of a broader trend that started to occur after the introduction of GPT 3 in mid-2020 Amazon was the first to invest significantly. 8 percentage points increased margins in a quarter is titanic.

Cloud 311
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Lopsided AI Revenues

Tom Tunguz

In second place, Microsoft’s AI business, including Azure, is at a $3.25b Q4 revenue. For OpenAI and Anthropic, I estimated Q4 revenues by taking 40% of their reported 2024 annual projections. NVIDIA’s data center business dominated the field, generating $31b in Q4 revenue with impressive margins exceeding 70%.

AI 247
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A Look Back at Q1 '24 Public Cloud Software Earnings

Clouded Judgement

It’s worth pointing out that Azure is a bit above the long term trendline, while AWS is still below (but accelerating up). I’ll get into more data later on - but forward estimates largely remained unchanged coming out of Q1 earnings (meaning full year 2024 estimates stayed the same pre / post earnings).

Cloud 318
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Clouded Judgement 10.11.24 - Budget Flush

Clouded Judgement

Every week I’ll provide updates on the latest trends in cloud software companies. As we head into the end of 2024 I wonder if a similar, but even stronger, budget flush will play out. Follow along to stay up to date! Subscribe now Budget Flush Coming? First - what is a budget flush? The macro has only gotten stronger.

Cloud 167
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Clouded Judgement 10.27.23 - Cloud Giants Report Q3 '23

Clouded Judgement

Every week I’ll provide updates on the latest trends in cloud software companies. You can see some quotes from Azure / AWS in my Q2 recap , and pasted below. AWS was the the most positive sounding when it came to trends around optimizations. On Tuesday, Azure and Google spooked the market. which feels unlikely.

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Snow Angels Come Early to Data : Snowflake's Strength Spells Success for Startups

Tom Tunguz

Consumption continued to grow in the month of October…Consumption trends have improved.” “Yes, we actually saw quite a bit of energy coming from the Azure platform this quarter. ” For startups operating within data, which tops buyers’ lists , this news further signals a stronger market in 2024.