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Finance

Financial information and management tips for VARs, managed services providers (MSPs), cloud services providers (CSPs), IT service providers and channel-friendly technology companies.

Florida Funders Launches Channel Partner Program

Florida Funders, a hybrid of a venture capital fund coupled with a crowdfunding platform, launches channel partner program to speed deel flow, expand community.

Google Cloud Revenues: CEO Sundar Pichai Dodges Question

Google CEO Sundar Pichai avoids Google Cloud Platform (GCP) revenue question as GCP expenses climb, and Microsoft Azure & Amazon Web Services (AWS) revenues soar.

SAP: Elliott Management Reveals Investment

SAP’s cloud strategy earns support from activist investor Elliott Management & quarterly results appear strong. But CEO Bill McDermott faces these challenges.

Wipro Hack May Overshadow Quarterly Financial Results

Amid Wipro (NYSE: WIT) quarterly earnings, the India IT outsourcing giant faces questions about hacker attack that apparently spread to end-customer accounts.

Office Depot, CompuCom: Revenue Shortfall Warning

Office Depot’s CompuCom division suffers 1Q 2019 revenue shortfall. Office equipment retailer & managed IT services provider (MSP) “streamlines” operational structure…

Sungard Availability Services: Bankruptcy Filing Coming

Sungard Availability Services preps prepackaged bankruptcy filing. CEO vows no service interruptions. Huge debt load plus cloud backup services competition pressured former data protection star.

Funding Stages: From Startups to IPOs

There are five major funding stages before you can plan on exiting through an IPO. Here’s a look at each stage.

AWS MSP Mission Gains $8 Million Financing for Cloud Services Optimization

Mission, a Top 100 Public Cloud MSP & Amazon Web Services (AWS) partner, scores $8 million line of credit for cloud services customer optimization. Silicon Valley Bank involved.

Nutanix Stumbles Amid Shift to Hyperconverged Infrastructure (HCI) Subscriptions

Nutanix reveals sales pipeline weakness amid shift from hyperconverged infrastructure (HCI) hardware to software & subscription services. NTNX executives barely mention channel partners during earnings call.

Workday CFO Robynne Sisco: Cloud System Integrator Momentum Accelerates

Workday, the cloud-based provider of HR & financial applications, sees growing momentum with systems integrators, according to CFO Robynne Sisco.