Thomas Kurian, the brand new boss of the Google cloud computing enterprise, is ready to look at a Goldman Sachs expertise convention in San Francisco on Tuesday amid rising hypothesis that Google may purchase a giant enterprise software program firm.
A former Oracle (ORCL) govt, Kurian took over as head of Google cloud computing enterprise in early January. It is believed to be Kurian’s first public look at a monetary convention since he took the helm.
When Google-parent Alphabet (GOOGL) reported earnings on Feb. 4, administration had little to say on any adjustments in technique for Google cloud computing. Analysts count on Kurian to participate within the Goldman Sachs convention at 11:15 a.m. ET on Tuesday. A webcast is obtainable right here.
“We imagine traders are largely anticipating Google to get extra aggressive on acquisitions for cloud,” Raymond James analyst Aaron Kessler stated in a report back to shoppers.
Google Purchasing For Software program Firm?
Google acquisitions from 2015 by means of 2018 slowed down in contrast with the 4 years earlier than that.
Analysts have talked about ServiceNow (NOW), Atlassian (TEAM) or Splunk (SPLK) as attainable targets for the Google cloud computing unit. With an acquisition, Google would acquire a company buyer base and salespeople.
Google trails Amazon Internet Companies, a part of Amazon.com (AMZN), and Microsoft (MSFT) within the cloud computing providers market. To this point, lots of Google’s cloud prospects have been expertise companies.
Google has aimed to woo enterprise prospects with cloud-based data-analytics and artificial-intelligence instruments.
On its latest Feb. Four Alphabet earnings name, administration highlighted new buyer wins for the Google cloud computing unit. Google stated the variety of cloud contracts price greater than $1 million in addition to the variety of multiyear contracts signed had greater than doubled year-over-year.
Google inventory edged up 0.5% to 1,108.35 on the inventory market as we speak. In 2019, Google inventory has climbed 5.5%.
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