Welcome to the Cloud Wars Minute — your daily news and commentary show, hosted by Cloud Wars Founder Bob Evans. Each episode provides insights and perspectives around the “reimagination machine” that is the Cloud.
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In this Cloud Wars Minute, Bob Evans reviews the most recent Cloud Confidence Index chart, which was up 6.1% this month in comparison to February.
Highlights
00:40 — In order to help gauge the confidence of big- and mid-sized businesses in using the cloud, Bob created the Cloud Confidence Index.
01:21 — For the month of March, the Cloud Confidence Index — which is the cumulative market cap of the Cloud Wars Top 10 companies — grew 6.1%. Looking at the companies individually, seven were up in their market cap, and three were down. The Cloud Confidence Index is as follows:
| Company | Change | Market Cap 3/24/23 |
|---|---|---|
| #1 Microsoft | +7.9% | $2.07 trillion |
| #2 AWS | N/A | $996.4 billion |
| #3 Google Cloud | +11.6% | $1.35 trillion |
| #4 Oracle | +1.3% | $238 billion |
| #5 SAP | +3% | $143 billion |
| #6 Salesforce | +13.2% | $187 billion |
| #7 IBM | -7.4% | $112 billion |
| #8 Workday | +2.1% | $48.8 billion |
| #9 Snowflake | -11.1% | $44.1 billion |
| #10 ServiceNow | -2% | $87.3 billion |
01:56 — The huge numbers here represent an incredible, long-range, durable confidence that business leaders have in the cloud.
03:31 — As noted before, the Cloud Confidence Index is “not any sort of exercise about stock picking or anything like that” — instead, it represents, cumulatively, how the public feels about the ability of these companies to continue growing into the future. Bob explains that he is using the market caps as a proxy for the confidence that buyers have in these 10 companies.
04:07 — This month, it was a very solid performance across the board. Bob will continue to do a monthly update on the Cloud Confidence Index.
