Less than 5% of the global IT spend is in the cloud at this point
Cloud Revenue last 90 days
#1 Microsoft: $19.5 billion
#2 Amazon: $14.8 billion
#3 Google: $4.63 billion
#4 Salesforce: $6.1 billion (estimated)
#5 SAP: $2.7 billion
#6 Oracle: $2.1 billion (estimated)
#7 ServiceNow: $1.33 billion
#8 Workday: $1.1 billion (estimated)
#9 IBM: $7 billion
#10 Snowflake: $250 million
TOTAL: $59.5 billion
Less than 5% of the global IT spend is in the cloud at this point
re: 2 replies ago
"If dxc doesn't pivot to the Future it's just going to be dead supporting 175 Platinum client and f** over six thousand of them letting them die on the vine while the Indian companies take the meat and sp-t out the bones"
that is exactly what DXC future is - slowly rundown these accounts squeezing margin out of them, keeping legacy lights on, and each renewal cycle will take more away as clients migrate to newer (cloud) technologies with other vendors - with $16B in revenue its a business model that will last another decade or so (in 4 year revenue dropped $9B so final $16B will take a little over twice as long as difficult to migrate apps will drag things out)
Cloud is all based somewhere and we can be that somewhere. Cloud is al,Bull anyway
I got it Cloud Revenue has shorter projects with less Revenue but what are you going to do? Live in the past for the rest of your life because you are pi---d off about someone kicking you out of Accenture? So now you're trying to make them see that they made a mistake? Mikey one was selling the Eds Ito business and now you're keeping it because you're angry emotional
Dxc is a large company and can borrow a lots of money it already was borrowing 12 billion dollars there is plenty of opportunity to go into some type of Nathan new technology that's on the cusp brink of rocketing to the Moon
Dxc can start off book investment arm the way the pharmaceutical company to do it or invest in other companies with contracts that makes them the exclusive recipient of whatever they do so that if off books and it doesn't affect the balance sheet for Wall Street
If dxc doesn't pivot to the Future it's just going to be dead supporting 175 Platinum client and f** over six thousand of them letting them die on the vine while the Indian companies take the meat and sp-t out the bones
@1dru+1ctp6E0x - when did you break free of DXC?
Heavy loss making discounts to get clients on the hook is nothing new. Always happens.
Replace client's tiny legacy system for $10 and hope you get the rest of their business.
Most massive clients know this and use this to their advantage, paying lots of suppliers $10 while dangling the carrot.
Its worse than that that Jim.... ITO is now the fodder of well organised India based GSI's. A low labour cost over 95% of the workforce, high levels of automation and cloud tooling results in low cost commodity - to upsell higher value services.
Having resigned DXC to join one the more successful India based GSI'S, I can tell you that soon (if not already the case) to win any ITO business, DXC will have to buy it!
Whilst buying business is not new to DXC/CSC it cannot be sustained! Anyone involved in large bids, will have seen M1 cut a 'price' in half to win a deal! The trouble is execs do not track the staffing requests assigned to these deals, delivery cannot staff, the client feels pain and does not renew because of poor work! The 'clever' Exec 'loss-leader' becomes a 'loss-loss'...
The hidden result of cuttlng cost is stealing from the investment p-t. Not spending $$$ on unified tooling (yes global teams use different ticketing, monitoring and reporting tools) The magic never gets further than a sharp PPTX and it is now begging to show. DXC lacks capabilities of its peers, that is why revenue continues to fall.