Cloud infrastructure is becoming a barrier to growth

Research released today reveals that cloud infrastructure has become the second-largest expense for tech companies, following headcount; averaging 10 percent of revenue and increasing rapidly. What’s more nearly 90 percent of companies report that it's directly affecting profitability. The study from Cloud Capital surveyed 100 CFOs and senior financial decision makers within SaaS and technology businesses of up to 1,000 employees across the US and UK. It reveals a shift taking place in the last 12-18 months, with cloud now typically six percent to 12 percent of revenue in SaaS businesses and as high as 30 percent to 40 percent… [Continue Reading]