Cloudera finishes up 20% in stock market debut

 Cloudera, the enterprise big data company, closed the day up over 20% at $18.09, after pricing its IPO at $15 per share.  This is also above the range of $12 to $14 that enterprise big data company was preparing for. While the surging stock price is great for new investors, the outcome is still a significant disappointment for some employees of the company because their equity compensation… Read More

Cloudera and Carvana, tech’s next two IPOs, both price at $15 per share

 Another day another IPO(s). Due to the recent success of public offerings from companies like Yext, Okta and Snap it seems the time is now for startups to go public. And tomorrow we have two IPOs that are weirdly similar when you look at the numbers. Both will offer the same amount of shares for the same price on the same exchange, and even sound alike – Carvana and Cloudera. I… Read More

Google Cloud growth is outpacing the company’s ad business

Google is still an advertising company, but the tech titan’s cloud business is growing faster than its advertising revenue. That’s one of the key take-aways from the company’s first quarter earnings report released Thursday.

Google Cloud Platform is one of the fastest-growing lines of revenue across Alphabet, the parent company that includes Google and other businesses like self-driving car maker Waymo, company CFO Ruth Porat said on a conference call with analysts. That growth is driven in part by a change in the way companies are working with Google Cloud.

“Over the last several months, we have noticed a change in the types of conversations that Diane [Greene] and her team are having with customers,” Google CEO Sundar Pichai said. “Increasingly, we are being asked to partner for mission-critical projects and full migrations, moving data from on-prem data centers to the cloud. We are seeing a meaningful shift, and this momentum is resulting in a fast-growing business.”

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