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Cloud, M&A, GoDaddy, Oracle Cloud, GDS, Europe, APAC, appointments

  • September 18, 2023
  • Analyst: Philbert Shih

Another busy week saw some additional results come out of the public cloud space, while there were more strategic moves, M&A and notable developments in APAC. With earnings season now in the rear-view mirror, some investors are getting impatient with recent results, but are barking up the wrong tree with short-term views. We provide some comments on activist investor sentiments about GoDaddy.

Oracle Cloud reported its 1QFY24 results and growth slowed a bit on a sequential basis, but was still pushed forward by demand coming from AI. Overall, Oracle Cloud continues to perform well despite current headwinds. We also take a closer look at the results coming from Hong Kong-based hyperscale data centre operator GDS.

There were several moves in the strategic arena and a number of them took place in Europe. Manulife completed its acquisition of ServerfarmnLighten acquired Proximity Data CentresCapMan took a stake in Denmark’s Fuzion and on the managed infrastructure side in the US, Coretelligent picked up another MSP. Meanwhile, Fujitsu is re-evaluating its data centre portfolio as the sector continues to re-align amid the shift to public cloud and the sunset of legacy services.

There were also a number of things happening in the APAC region. EdgeConneX closed on a facility to support its growth in Jakarta and Southeast Asia, Akamai is looking to expand further into APAC for cloud and edge computing, while a few weeks back, Microsoft and Oracle had cloud infrastructure outages.

Finally, there was more movement in executive circles. BDX Data Centers brought in a new president and atNorth named a new chief sales officer.