{"id":322054,"date":"2019-10-03T13:08:33","date_gmt":"2019-10-03T11:08:33","guid":{"rendered":"https:\/\/mybroadband.co.za\/news\/?p=322054"},"modified":"2019-10-03T13:09:40","modified_gmt":"2019-10-03T11:09:40","slug":"google-cloud-worth-double-ibms-market-cap","status":"publish","type":"post","link":"https:\/\/mybroadband.co.za\/news\/cloud-hosting\/322054-google-cloud-worth-double-ibms-market-cap.html","title":{"rendered":"Google Cloud worth double IBM’s market cap"},"content":{"rendered":"

Alphabet Inc.\u2019s cloud business alone is now worth almost twice the market value of IBM Corp., a leader in the space for decades, according to analysts at Deutsche Bank AG.<\/p>\n

The bank values Alphabet\u2019s Google Cloud at $225 billion, analysts led by Lloyd Walmsley wrote in a note to clients, saying the unit could report compound annual growth of 55% between 2018 and 2022, and reach annual sales of about $38 billion by 2025.<\/p>\n

IBM, which\u00a0reported cloud revenue\u00a0of $19.2 billion in 2018, had a market capitalization of $126 billion at the close of trading on Wednesday.<\/p>\n

\u201cWhile Google Cloud has been lagging behind in the market and burning money historically, with increased confidence in the go-to-market and commercial traction under Mr. Kurian, we think it can grow market share,\u201d they wrote. Former Oracle Corp. executive Thomas Kurian was named head of the division\u00a0in November.<\/p>\n

Deutsche Bank, which has a buy rating on Alphabet, raised its price target on the company to $1,600 a share, higher than any of the 45 analysts surveyed by Bloomberg.<\/p>\n

\"alphabet<\/a><\/p>\n

Now read: Microsoft launches Surface Earbuds<\/a><\/h3>\n","protected":false},"excerpt":{"rendered":"

Alphabet Inc.\u2019s cloud business alone is now worth almost twice the market value of IBM Corp., a leader in the space for decades, according to analysts at Deutsche Bank AG.<\/p>\n","protected":false},"author":341034,"featured_media":134840,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[32030,33897,835],"class_list":["post-322054","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cloud-hosting","tag-alphabet","tag-google-cloud","tag-ibm"],"_links":{"self":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/322054"}],"collection":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/users\/341034"}],"replies":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/comments?post=322054"}],"version-history":[{"count":1,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/322054\/revisions"}],"predecessor-version":[{"id":322058,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/322054\/revisions\/322058"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media\/134840"}],"wp:attachment":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media?parent=322054"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/categories?post=322054"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/tags?post=322054"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}