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Hyperscale, earnings, managed public cloud, cloud nodes, expansions, financing

  • November 20, 2023
  • Analyst: Philbert Shih

A busy week saw more from earnings season, managed public cloud developments, hyperscale expansions and plenty of data centre expansion activity.

The hyperscalers and major data centre platforms have reported and we took a closer look in the last week at results coming from cloud and managed infrastructure providers such as CloudflareRackspace and DigitalOcean. There were more signs of stabilization emerging, but this is a work in progress and there could be more sluggishness and possible deceleration on the cloud and managed infrastructure side towards the end of the calendar year.

The managed public cloud space continues to develop and mature. RapidScale rolled out a new managed public cloud service focused on AI elements and new provider Ollion emerged out of the consolidation of various managed cloud assets, including 2nd Watch and Singapore’s ST Telemedia Cloud. The shift towards more advanced consulting and a more outcomes-oriented approach continues.

Hyperscale platforms continue to build out across the globe. In the past week, we saw AWS add a Local Zones node in Dallas, Texas, while Microsoft launched a cloud infrastructure region in Israel.

Meanwhile, data centres continue to expand, driven by the demand coming from public cloud and AI. Among the more notable developments, CyrusOne completed a build in Madrid, DataBank acquired land in NoVA, DC BLOX began construction of a new site outside Atlanta, while ODATACirion and Gaw Capital pushed forward with projects in LatAm and APAC. Goodman is also prepping a significant amount of land focused on data centre development across multiple APAC-based markets.

Finally, a number of operators – STACK InfrastructureVantage Data Centers and Digital Edge, secured capital for expansion projects, while attaching green terms.