The Week In Cloud: March 31, 2019


This post is by Amelia Ibarra from SaaStr


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RingCentral is coming up on $1b in ARR (on track for 2020), still growing 34%. This is pretty darn impressive, and probably more importantly, shows the continued jaw-dropping growth of Cloud.

Just four percent of SaaS companies reach $1 million in revenue, and only .04 percent make it to $10 million.

For the current year, Slack sees revenue of $640 million, up 64%

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Microsoft Azure sales grew at 76% year over year in its most recent quarter.

"Today we are profitable ... and booked $70m in revenue last year. The SaaS products are growing at 200% a year. "

The implementation sounds overly complicated, but still, a unique and compelling incentive to run some of your app on Azure.

"It’s all about social engineering. There’s always an idiot that clicks that link."

Distributed engineering teams save less money than in the past. But done right, they still save a lot of money.

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