“Other cloud vendors chose to implement a shortcut to VMware with managed or hosted solutions, but we found that approach to be limiting,” explained Oracle's Clive D'Souza.
Customers are looking to cut costs, “especially in the more challenged businesses like hospitality and travel but pretty much across the board,” Amazon CFO Brian Olsavsky said.
“Year-on-year declines in our advertising revenues from search and network were offset by growth in Google other and Google Cloud revenues,” CFO Ruth Porat said.
As part of the restructure, Intel will break up its Technology, Systems Architecture, and Client Group into five teams all reporting directly to CEO Bob Swan.
The shift to remote work has put an emphasis on services like Office 365, but these tools are often limited by the network, said Riverbed's Dante Malagrino.
The Qualtrics IPO plans aim to “capture its full market potential" and provide it with an easier path to expanding business outside of its parent company.