Cloud Wars
  • Home
  • Top 10
  • CW Minute
  • CW Podcast
  • Categories
    • AI and Copilots
    • Innovation & Leadership
    • Cybersecurity
    • Data
  • Member Resources
    • Cloud Wars AI Agent
    • Digital Summits
    • Guidebooks
    • Reports
  • About Us
    • Our Story
    • Tech Analysts
    • Marketing Services
  • Summit NA
  • Dynamics Communities
  • Ask Copilot
Twitter Instagram
  • Summit NA
  • Dynamics Communities
  • AI Copilot Summit NA
  • Ask Cloud Wars
Twitter LinkedIn
Cloud Wars
  • Home
  • Top 10
  • CW Minute
  • CW Podcast
  • Categories
    • AI and CopilotsWelcome to the Acceleration Economy AI Index, a weekly segment where we cover the most important recent news in AI innovation, funding, and solutions in under 10 minutes. Our goal is to get you up to speed – the same speed AI innovation is taking place nowadays – and prepare you for that upcoming customer call, board meeting, or conversation with your colleague.
    • Innovation & Leadership
    • CybersecurityThe practice of defending computers, servers, mobile devices, electronic systems, networks, and data from malicious attacks.
    • Data
  • Member Resources
    • Cloud Wars AI Agent
    • Digital Summits
    • Guidebooks
    • Reports
  • About Us
    • Our Story
    • Tech Analysts
    • Marketing Services
    • Login / Register
Cloud Wars
    • Login / Register
Home » Snowflake Leapfrogs IBM on Cloud Wars Top 10 Rankings
Cloud

Snowflake Leapfrogs IBM on Cloud Wars Top 10 Rankings

Bob EvansBy Bob EvansOctober 26, 20214 Mins Read
Facebook Twitter LinkedIn Email
Share
Facebook Twitter LinkedIn Email

Ad for Industry Cloud Battleground week with a quotation from Bob Evans

Ad for Industry Cloud Battleground week with a quotation from Bob Evans

Despite having revenue only 1/75th the size of IBM’s, data-cloud disruptor Snowflake has vaulted past IBM on the weekly Cloud Wars Top 10 rankings as formerly #10 Snowflake is generating triple-digit growth while IBM’s Q3 results were deeply disappointing.

So as of today on my weekly Cloud Wars Top 10 rankings, Snowflake has moved up to #9 while IBM falls to #10.

For IBM, that’s an inauspicious decline: in the 3+ years that I’ve been posting these Top 10 rankings, every company that has descended from higher up in the rankings down to #10 has not stopped there—that #10 spot has proven to be a temporary holding position before they fell off the list altogether.

Of course, the future is not written for IBM or anyone else, and it is possible that the moribund giant will be able to buy enough time through its imminent spinoff of its managed-services infrastructure business, called Kyndryl, to regain some vitality and remain a fully viable player in the Cloud Wars.

I freely admit that I am pulling for IBM and two of its top executives: 

  • CEO Arvind Krishna, who not only inherited a jumbled mess from predecessor Ginni Rometty but also took control in April 2020 as the pandemic’s full proportions rocked the world; 
  • and cloud chief Howard Boville, one of Krishna’s first hires and someone who, as the former CTO of Bank of America, brought to IBM the customer-centric mindset and vision the company so desperately needed.

But good intentions, big hearts, and soaring vision go only so far in this wickedly competitive marketplace. And for Q3 IBM’s cloud-revenue growth of only 12% is barely one-half or one-third of other Cloud Wars Top 10 players.

On the other hand, while Snowflake has only just reached a $1-billion annualized run rate, it has a dynamite one-two combo going for it:

  • it either created or has totally taken control of the red-hot “data cloud” category at a time when customers are incredibly eager for such solutions; and
  • it’s been growing in triple digits, a stunning accomplishment in spite of the fact that its quarterly revenue is “only” $254 million.

What we see here are two companies at wildly different times in their development and evolution. Cloud-native Snowflake taking a radically new approach to an age-old problem and deploying highly innovative new go-to-market plans to generate passionate customers and soaring financial results. Conversely, 110-year-old IBM, a company with a tradition that few other corporations could possibly match, is now trapped at least in part by the need to drag along old-line businesses that have helped to build that proud tradition.

To Snowflake: congratulations on moving up to #9 on the Cloud Wars Top 10, and we look forward to trying to keep up with your meteoric trajectory!

To IBM: you’ve got some fantastic people and technologies, plus treasured relationships for decades with many of the world’s largest companies. But the value of those past achievements will decline rapidly toward zero unless you define and focus on a future that is centered on where current and new customers want to go rather than where they have been. Just over a year ago, I shared some thoughts on this in a piece that I believe still holds true today: An Open Letter to IBM CEO Arvind Krishna: Keep Swinging that Axe!

RECOMMENDED READING

SAP Comes Out Swinging against Workday, Oracle; Lays Off Salesforce

Q3 Cloud Forecasts: Microsoft $20.5B, Amazon $15.3B, Google $5.2B, IBM $7.3B

Trillion-Dollar Cloud: McKinsey Raves about Cloud’s Massive Potential

Mocked by Oracle, SAP Cloud ERP Revenue Jumps 46%; Backlog Up 60%

3 Ways Google Cloud CEO Kurian Differentiates from Microsoft, Amazon

How Oracle and SAP Could Put a Big Hurt on Salesforce

Market Cap Madness: Google, Salesforce, Microsoft, Oracle Soar in 2021

RECENT PODCAST EPISODES

The CIO Agenda for Digital Success | Sadin on Digital

Why Loyalty Is Badly Misunderstood | Anschuetz on Leadership

The Acceleration Economy Analyst Network | Courneya on Acceleration

Subscribe to the Industry Cloud Newsletter, a free biweekly update on the booming demand from business leaders for industry-specific cloud applications. 

 

Cloud Wars is on YouTube! Keep up with our latest podcast episodes, daily Cloud Wars Minute commentary and interviews shedding light on the greatest growth market the world has ever known.

Cloud Revenue Cloud Wars Cloud Wars Archive IBM Latest Articles Snowflake Top 10
Share. Facebook Twitter LinkedIn Email
Founderuser

Bob Evans

Founder
Cloud Wars

Areas of Expertise
  • AI
  • Cloud
  • Digital Business
  • Innovation
  • Leadership
  • LinkedIn

Cloud Wars Founder Bob Evans actively analyzes the Cloud and AI categories through video reports, in-depth analyses, and interviews with the Cloud and AI market’s leaders and innovators. He’s also the creator of the Cloud Wars Top 10, a ranking and ongoing analysis of the world's most influential tech companies driving digital business and the digital economy. Bob is recognized as a world-class strategic communicator focused on emerging business strategy, disruptive innovation, and forward-looking leadership.

  Contact Bob Evans ...

Related Posts

ServiceNow Re-Invents CRM for End-to-End Enterprise

May 8, 2025

Inside ServiceNow 2025: How AI, Strategic Partnerships, and Platform Unification Are Reshaping Enterprise IT

May 7, 2025

Bill McDermott Calls Out ‘Collapse of 20th-Century Software-Industrial Complex’

May 7, 2025

With Latest Agentic AI Products, ServiceNow Embraces Third-Party Platforms, Data Sources

May 7, 2025
Add A Comment

Comments are closed.

Recent Posts
  • AI Agent & Copilot Podcast: JP Morgan Chase CISO Publicly Pushes for Stronger Security Controls
  • ServiceNow Re-Invents CRM for End-to-End Enterprise
  • Inside ServiceNow 2025: How AI, Strategic Partnerships, and Platform Unification Are Reshaping Enterprise IT
  • Bill McDermott Calls Out ‘Collapse of 20th-Century Software-Industrial Complex’
  • With Latest Agentic AI Products, ServiceNow Embraces Third-Party Platforms, Data Sources

  • Ask Cloud Wars AI Agent
  • Tech Guidebooks
  • Industry Reports
  • Newsletters

Join Today

Most Popular Guidebooks

Accelerating GenAI Impact: From POC to Production Success

November 1, 2024

ExFlow from SignUp Software: Streamlining Dynamics 365 Finance & Operations and Business Central with AP Automation

September 10, 2024

Delivering on the Promise of Multicloud | How to Realize Multicloud’s Full Potential While Addressing Challenges

July 19, 2024

Zero Trust Network Access | A CISO Guidebook

February 1, 2024

Advertisement
Cloud Wars
Twitter LinkedIn
  • Home
  • About Us
  • Privacy Policy
  • Get In Touch
  • Marketing Services
  • Do not sell my information
© 2025 Cloud Wars.

Type above and press Enter to search. Press Esc to cancel.

  • Login
Forgot Password?
Lost your password? Please enter your username or email address. You will receive a link to create a new password via email.