In episode 50 of Infrastructure Matters, hosts Steven Dickens, Camberley Bates, and Krista Case discuss recent earnings reports and trends in the infrastructure sector. They focus on Amazon Web Services’ (AWS) impressive growth, Commvault’s strong financial performance, Intel’s strategic challenges and changes, and Kyndryl’s turnaround efforts. The episode also highlights recent announcements from Veeam and Splunk, and new developments from Google in AI and data management.
The key talking points include:
- AWS Growth: AWS reported $26.3 billion in quarterly revenue, showcasing significant growth from its origins, despite a minor miss against consensus estimates.
- Commvault Success: Commvault’s subscription revenue rose 28% year-over-year, demonstrating the successful integration of its cloud division, Metallic, and emphasizing the importance of data protection in the hybrid cloud strategy.
- Intel’s Strategic Shift: Intel is undergoing significant restructuring, including a 15% workforce reduction by 2025, to focus on profitability and accelerate AI and foundry technology.
- Kyndryl’s Turnaround: Kyndryl’s revenue has declined since its spin-off from IBM, but strategic moves in consulting and cloud partnerships aim to position the company for future growth.
You can watch the video of our conversation below, and be sure to visit our YouTube Channel and subscribe so you don’t miss an episode.
Listen to the audio here:
Or grab the audio on your favorite audio platform below:
Disclosure: The Futurum Group is a research and advisory firm that engages or has engaged in research, analysis, and advisory services with many technology companies, including those mentioned in this webcast. The author does not hold any equity positions with any company mentioned in this webcast.
Analysis and opinions expressed herein are specific to the analyst individually and data and other information that might have been provided for validation, not those of The Futurum Group as a whole.
Transcript:
Camberley Bates: Well, good morning, guys. It is Infrastructure Matters number 50, and I’m not talking age. I’m talking about number of episodes. There you go.
Steven Dickens: Episode 50. Wow, that has gone quick.
Camberley Bates: So I can’t imagine being your friend for this long. It’s really- All right, guys. Welcome-
Steven Dickens: Just keep taking the medication, you’ll be fine.
Camberley Bates: Welcome to Krista Case Macomber, or Macomber Case. I don’t know which one it is. Anyway, Case is a lot easier to say than Macomber-
Krista Case: It is.
Camberley Bates: And I’ve got, of course, Steven Dickens here, who’s joining us. We’re talking a bit about earnings, but more, if you want to talk about financial kind of stuff, go listen to Patrick and Daniel. We’re going to be more talk about where this stuff is going, and what it means to the infrastructure guys, and everything else, because we have some significant things going on. And then there are some announcements that we will touch base on. So to kick things off, I’m going to turn it over to Mr. Steve to talk a little bit about AWS.
Steven Dickens: Yeah, so I’m digging in and writing my research, night… This literally happened last night, after markets close. I think stock is up 21% year to date according to CNBC. I haven’t checked this morning. Earnings beat revenue, small miss, but I mean, you’re talking 147.98 billion versus an estimate of 148.56. So we’ve just got to be really sort of… I mean, yes, these estimates are good. Yes, the markets look for beat, beat raise as the kind of gold standard, but when you’re talking about quarterly revenue of 147.98 billion versus a consensus estimate of 148.56, you’ve got to put it in context. That’s not very far away. Amazon Web Services, the piece that we are obviously most interested in, 26.3 billion versus 26 billion.
I mean, let’s just put that in context before we sort of dig in here. Quarterly revenue, 26 billion for a cloud business that 18 years ago was selling books. I mean, that is frankly astonishing growth over that 18-, 19-year period for me. You know, this is tracking now at over 100 billion from a cloud business, which is a business unit, annually within the wider Amazon group. So ad revenue, just a slight miss, 12.8 versus 13. Obviously, there’s two sides to this business in what we cover in this podcast. We’re interested in where AWS is going. There’s obviously the ads business, the retail business, there’s devices, there’s a whole bunch of other things within the Amazon sort of organization, but becoming the law of big numbers for that organization.
Camberley Bates: And one comment I’ll make about the number, we still have more than probably 60%, 70% of the enterprise is still on-premise.
Steven Dickens: Yeah, and in some sectors it’s even more than that.
Camberley Bates: Right, and it’s significant. I mean, it’s kind of like, it’s mind-boggling about where we are in terms of… Well, it’s not mind-boggling because we had CrowdStrike that shut down us as we all went on vacation or whatever, CrowdStrike kind of thing. But how dependent our world is on the technology, and whether it’s off-prem or on-prem. So, cool.
Steven Dickens: Well, I mean, I think as we track AWS, and I track those guys pretty closely, I’m sort of going to be digging in, obviously where they are from an AI perspective, I wrote about Alphabet’s earnings and particularly what Google Cloud was doing. As I dig in and go through those numbers to write my research note today, I’ll be looking for CapEx investments. There’s a huge build-out phase within the hyperscalers. That’s what I’ve been looking at. You know, AWS has got work to do. Is it in third place from its AI perspective proposition? I’ve heard that narrative. I think they’re plowing a different route, a different furrow than kind of Google and Microsoft, respectively less about having their own large language models, and more about being a home to host your large language model.
Maybe that strategy’s going to work out as large language models become more commoditized and things like Llama and other open-source models, being a home for open source models may turn out to have been the more strategic play when we look back five years from now. So I mean, that’s the whole sort of broader narrative around AWS. Things I’m going to be looking for when I dig into the earnings transcript, AI-driven CapEx spend and what they’re starting to see with revenue come through for things like Q, and some of their other services. So those are going to be the things I’m looking for. But I think the miss on top-line revenue against consensus estimates, it’s a tiny miss in comparison. Now, yes, they want to be raised, but I never understand how the markets react the day after. So, you know, you can-
Camberley Bates: Yeah, so let’s go to a positive one, which has also very, very much so benefited from the cloud and the hybrid cloud strategy, and that is Commvault, which is like they took it and hit it out of the park. Geez.
Krista Case: That they did. They absolutely did. So for Commvault, I have the numbers up here. So total revenue is up 13% year to year, to just under $225 million. But in particular, their subscription revenue up 28% year to year, to $124 million. So that’s kind of representing more than half of Commvault’s revenues these days, and their ARR for that subscription business up 27% year to year, to $636 million. So certainly, Commvault was a very early mover in terms of embracing that kind of cloud delivery model. They launched their Metallic division back in late 2019, if my memory is serving me correctly, at their annual trade show that October. And so that really kind of gave that feel for Commvault to really kind of put their stake in the ground in what they’ve been doing over, I would say, really the last year to 18 months, has been folding that cloud division in, and really kind of-
Steven Dickens: Is that what’s working here, Krista? I mean, when I was on some of the early calls the three of us were on with Commvault, it was kind of, “We’ve got Metallic, we’ve got the traditional business, and kind of pulling those together.” I know you’ve been tracking and working with them a lot more closely since those initial calls I was on. Is that what’s starting to come home to roost? Here, the Metallic folding, the kind of doubling down that Anna and the marketing team have been doing on that message? Is that what’s started to translate, do you think?
Krista Case: It is, Steven. So again, they were really able to put their stake in the ground from a cloud perspective, but it was a little bit of a double-edged sword. So the feedback that we got from customers was, there was a little bit of confusion. You know, “Is Metallic this completely separate entity from Commvault? If I am looking to use Commvault to protect on-premises and cloud, when should I use Complete?” which is their flagship platform that protects on-prem? “When should I use Metallic?” So what Commvault has been doing is really trying to bring those businesses together, to be able to tell that more fluid sort of hybrid and multi-cloud story, from a protection standpoint, and also kind of that story around the flexibility of delivery. So absolutely, I would say that’s working.
Steven Dickens: I mean, it’s interesting for me, new CMO comes in, really gets the messaging tight, really doubles down on that clarity. I think it gets lost, the CMO role, sometimes, in what that can translate to on the stock price. You know, the technology’s probably got better, but has the messaging outpaced the quality of the product delivery? And that’s what I’m always looking at, the clarity of message, clarity of narrative put into the market. The product can be great, and that’s got to keep moving as well. But it really makes a difference, I think.
Krista Case: Absolutely. And I would say the other area to that point, Steven, that they’re really hitting the mark in terms of messaging is around resiliency. And actually, the CEO, Sanjay Mirchandani, he actually touched on this, which is what I’m going to be watching for the second half of this year, following the CrowdStrike outage, is just how much that message of resiliency resonates not only for resiliency against cyber attacks, but also resiliency against all of these other disasters that we still have to be able to recover from. So I’m definitely expecting a resurgence in interest in data protection. They kind of referenced some of their offerings, for example, for data air gapping, to be able to have those copies that are available for recovery.
So again, from a resiliency standpoint, they’ve certainly been making strides around security. So the CEO, Sanjay Mirchandani, he said they’ve had their most conversations with CISOs, and I believe he said both CISOs and CIOs, actually, over the past quarter. So that shows the traction that they’ve been making from more of the cybersecurity perspective. But I’m also anticipating it’s going to benefit them following the CrowdStrike outage, as companies are really looking at, again, their resiliency and ability to be able to recover from an outage like this.
Camberley Bates: What I find significant about their numbers is not only this, because they’ve benefited from the work that they’ve done on the hybrid piece of it, but as we’ve talked about, data protection is the stickiest of all technologies to move on. It is, and yes, we’ve had a resurgence of data protection with cybersecurity and re-evaluating what’s going on, but this big of a jump means they are either they’re winning new business. I mean, it’s not like most people, everybody’s got data protection out there. So what’s happening is they’re winning new business, somewhere along the lines –
Steven Dickens: Are they winning share or are they getting-
Camberley Bates: They –
Steven Dickens: They’ve got to be winning share, right?
Camberley Bates: And there’s also expansion going on, in terms of the amount of data that’s out there. And you’re doing more in the cloud, you’re protecting more in the cloud that, before, wasn’t protected, as we all know, you are responsible for your reliancy and your protection out there. So all in all, it’s outstanding… And kudos to the team over there that have produced this. So let me skip over the next one, and it’s kind of related to this, the first piece of it is what happened with Intel. And there was a lot of noise in the market, in our market about what Intel announced. And I won’t go through all the numbers, because I think there’s enough out there, you can grab it. But the big piece of it was the profitability was significant. And the other thing that they announced is that they’re going to be doing a layoff of fairly… About 15% of their people over the next probably 24, a little bit over 24 months.
They said they were targeting a headcount reduction, 15% by the end of 2025, but the majority of that is going to be this year. And most of that, when we looked, I read through the earnings transcript, most of the focus was on profitability, because they hit their top line, but the profitability was significantly hit, and some of that was significantly hit because of some of the movements they’ve been making in their foundry, and also accelerating technology into the market. So one of the things they did is they accelerated their AIPC technology, bringing into the market, because they see this thing as significant and big. So what he said is that they expect it to grow from less than 10% of the market to over 50% of the market in 2026. And they really want, they’re going to go out there and grab this market. They’ve already got the companies that they work with. I mean, I don’t track the client business, but I do now, because the AIPC is a little bit more than just a PC, or something that’s sitting on your desk. It’s something that’s going to be running –
Steven Dickens: Maybe we need to get Olivier on a show and talk about what’s going on in that side at some point.
Camberley Bates: And I think that would be a great idea.
Steven Dickens: Yeah.
Camberley Bates: And what they’re talking about is this next generation, is Microsoft has qualified it with the co-pilot PCs, and then there’s another 20 OEMs that have got it. So we’re going to start shipping. On the data center piece, what they saw and what we are seeing is that the traditional server business has been depressed, and they’re hit getting double hit, because they’ve got some significant competition and pricing competition that’s going on. But so much of the money is going into the AI side of the house. Your traditional server market has not been doing the uptick. They haven’t getting the numbers, we haven’t been doing the upgrades. So the question is when is this going to recover, either for on-prem or in the cloud? And what Gelsinger’s basically said is that we’re going to see the cloud happen first, because the value proposition of Granite, which will be coming out here, is significant in terms of and delivery of it.
And that kind of gets it into another kind of commentary, is that our friends over at Marvell announced some CXL technology called Structera. And what was really cool about it is one of the offerings, and I know I’ve been focusing way too much on this piece of it, is a way to recycle memory. So what they’re saying and is pitching to the hyperscalers, and they’re testing it out, “I can take the memory out of the older servers, I can put it into the CXL as a shared memory device, and put it in with the newer servers, and recycle it, and the performance of what you need is there.” So we’re going to see them doing that, and that as we go into this next generation of kind of environments, the hyperscalers are probably going to latch onto this. We won’t see the enterprise doing it, because they don’t crack open boxes, but the hyperscalers build their own stuff. So it’s kind of an interesting kind of thing of saying what we’re going to see in this next 2025, in terms of what’s going to happen in the server business. So stay tuned to the enterprise and whether or not folks start to change things out this next year. So that’s my commentary on Intel, a little bit less than back in the day –
Steven Dickens: I think my piece, just Pat Gelsinger is the only person who can turn that company around, in my mind. So he’s in a turnaround job. This is kind of Lou Gerstner’s 1995, kind of existential threat moment for the… Intel is too big to fail for the US, from a geopolitical perspective, and in Pat I trust. So I think there’s some tough quarters ahead, but I think if you look over the five-year time horizon, this company’s going to be… It’s too instrumental to the US on a lot of strategic levels.
Camberley Bates: You know, and one of the things he said during the Q&A, which I thought was very, very telling, it’s like I say this rebuilding that we’re underway is the most significant rebuilding of Intel since the transition from memory to microprocessors four decades ago, and that’s where they’re at. It’s big, it’s very big.
Steven Dickens: It’s a once in a generation. It’s not trim and nudge, it is a fundamental… This will set them up for the next 20 years, what Pat is doing right now.
Camberley Bates: And the other reason, you said you have trust in Pat. I do too, in my interactions-
Steven Dickens: I think it’s just transparency, Camberley, for me, the guy’s a deeply religious, sort of genuinely good human and I think, and I mean, yes, you’ve got to be a smart business person. Yes, you’ve got to do all those things. But I think genuinely caring about Intel, and what it’s trying to do, and feeling that in his very fiber, and knowing where he is at, and knowing what he’s got to do, that’s a huge part of it, I think.
Camberley Bates: Super grounded, super grounded. Okay, so talking about the enterprise, let’s flip over to one more. We are in earnings stages, guys, Kyndryl.
Steven Dickens: Yeah, so I mean Kyndryl, it’s a tough one. Revenue’s down, there’s some challenges here. This was a business that, when it exited IBM, what was it, just over two years ago was a $19 billion business. They’re now a $15 billion business. The market doesn’t like that story, but what you’ve got to think about is what was that business GTS was, within IBM was a boat anchor. They’re the wrong mix of contracts. Those were not profitable contracts. Martin Schroeter, ex-CFO of IBM, has done a fantastic job of righting this ship, helping the team clean out some of those low-value, low-margin, in some cases loss-making contracts, pivot to growth, strong numbers from the consult business, double-digit revenue growth. That’s a new part of their business. When they were part of IBM, IBM Consulting would’ve taken that business. So to grow that business double digits, lots of focus on losses, pre-tax adjusted income, EBITDA, all that sort of financial speak.
But I think the really sort of crucial piece for me is companies talking about growth coming back in the fourth quarter. They’ve moved their reporting period. So this was Q1, they shifted it by a quarter, to clean some of this stuff up. So I mean, I think the strategy that they’re on, focusing on Kyndryl Bridge from an innovation point of view, focusing on their accounts, focusing on… There’s a three A strategy that they’ve got. They’re making really strong progress. I think, you know, I look periodically at the stock, it’s tanked since they went split out under the ticker KD. What you can see now, I think it’s reached the bottom, and we’re starting to see that come up. This isn’t stock advice. This company hits its Q4 growth objectives and starts becoming a growth story. It’s not going to be much growth, it’s going to be low single digits if they get there. But I think if they can get there, and the work that Martin and the team will have done over the last sort of two, two and a half years at that point, it’ll be a fantastic turnaround of a company that was in not a great place when it spun out from IBM. Solid brand, solid execution. The mainframe business that I work with closely under Petra and her team, they’re the biggest in this space. There’s some really strong fundamentals. As I say, Consult, Bridge and Mainframe. I think they’re in really good shape on those three vectors.
Camberley Bates: Yeah, and one of the things they probably were a little bit behind on is all the AI stuff, especially a lot of that went over to… That’s IBM, you know, tend to have more of that. So getting back to what we were seeing in terms of the churn of what was going on in the enterprise or not doing, what they were doing this last year and spending their money on was cybersecurity, AI, and not in those places, the extra money or the… You know, they’re reverting some numbers or kind of trying to make things last a bit longer, so they can afford the other pieces that they’re putting the money into.
Steven Dickens: Well, I mean, you look at where they were when they were part of IBM, it was to prop up IBM Cloud, and it was to sort of work with the IBM solutions. They’ve come out hard, they’ve done a really good job of recruiting a strong ecosystem, and have massively invested in their Azure, AWS, and Google Cloud businesses. And that’s driving that consult number. So really strong turnaround story. Tough from a financial analyst point of view, because nobody wants to hear about revenue going down, and Martin’s trying to find some sort of silver linings in that. But I think the longer term, if they can get to growth, long-term positive.
Camberley Bates: Yeah, yeah. So we had a few announcements, there was one fun one that was Veeam and Splunk, and so talk about… You know, you may not think that those two go together, but they do. Maybe it’s peanut butter and marshmallow sandwiches, peanut butter and jelly. I don’t know.
Krista Case: Right.
Steven Dickens: Peanut butter and marshmallow.
Camberley Bates: Peanut butter and marshmallow-
Steven Dickens: Yeah, I mean, I can get behind that. I can get behind peanut butter and marshmallow, yeah.
Camberley Bates: No, no, no, peanut butter and bacon on toast.
Steven Dickens: Yeah, anything with bacon is a good idea. Right. Sorry, let Krista get us back on topic.
Camberley Bates: Yeah, okay. Peanut butter and marshmallow, Veeam and Splunk.
Krista Case: Yes. Yeah, and I would say, I mean, these things have to go together these days. So specifically, what the announcement was is that Veeam has announced an extension for Splunk that allows Splunk users to be able to monitor the Veeam backup infrastructure. And this is so important, and in fact, what we are looking at here, when we look at the ability for data protection solutions to integrate with your sim tools and any other tools that your security operations center might be using to monitor and threat hunt, that data protection infrastructure needs to be integrated as a component of that visibility. We’ve known for quite some time now that the attackers have been targeting backup infrastructure, and naturally, that’s because it is the backups that the organization is going to use to recover from attacks. So this was, again, just kind of a good announcement, and I would say something that we’re really looking at as an important table stakes kind of criteria for data protection solutions today.
Camberley Bates: Wow, that’s really cool. I mean, as we’re saying this, I mean we talked about Commvault and they had done, they purchased Threatwise kind of guys So that was a pretty-
Krista Case: Yeah.
Camberley Bates: And 10 years ago, this never would’ve worked, because there wasn’t that connectivity between the CISO and the CIO. But now, this is definitely working in the market, so yeah. All right, so we have one other to touch on, unless, well, Krista, did you have anything else on that?
Krista Case: No, I mean, that’s sort of my high level, and like you say, just kind of that integration between IT ops and security teams today. Sort of, it does, it reflects that trend, and it really just reflects a common theme I was hearing at RSA, which is really just the need to have that visibility and the ability to monitor across the entire IT ecosystem, not just your production system. So the more that the data production infrastructure is folded into that visibility is going to be very crucial.
Camberley Bates: All right, last ticket out is we had a couple Google announcements that you wanted to touch on?
Steven Dickens: Yeah, so just sheer keeping up this week. You’ve got earnings announcements, and then everybody’s dropping AI. So I’ve got some work to do to dig into these, and classic Google, and just drop everything. You’ve got to sort of pick through this. So there’s a couple of articles that are speaking to the press about this, but stuff around BigQuery, stuff around Looker, bringing graph capabilities to Spanner, you know, a whole raft. I think lots of technical details that I need to go through. I think what I would say is that I’m expecting to see more and more of this. We’ve seen this with Oracle, with 23ai. As we start to get away from all of the sort of jazz and hand-waving being at the top of the stack around generative AI models, I’m expecting the trend here to be let’s get the data right, let’s get the curation right, let’s get the data stack right.
Let’s go down and make sure all of these tools are starting to integrate into things like BigQuery, and down into Databricks, and down into Snowflake, and down into Oracle databases, and Teradata, and cloud. That whole sort of data stack, if you will, I see these updates as part of that. So I’ve got a whole probably two or three hours of reading to do at some point over the weekend, because you just get these announcements and you’re like, “Okay, I’ve got to work out how this fits with this bit and how it…” But I mean, directionally, this is the type of work that we’re going to see as we start to move towards enterprise deployments of AI.
Where’s the data coming from? What’s the quality of the data? How clean is the data? What’s the security of the data? What’s that data pipeline? How’s it moving through? Where’s it coming? Just that whole piece is going to need a lot more work. We’ve got the top line, we’ve got the sort of generative models piece that has captured all the noise. So I think lots of good stuff for me to dig through from Google, but literally, two or three big announcements down in their data stack. I’ve got to do some reading, but directionally, looks really positive for me, from sort of a quick read.
Camberley Bates: Yeah, so we’re going to see that, addressing that data stack, data pipeline, data platform, whatever you want to call that thing, because there’s a long, long road on that in order to get to where you’re using your data, and we’re seeing everything from your Snowflake, Databricks, those kind of guys come out and things. You’ve got, of course, AWS, Oracle, Google. You have your traditional data storage people building those capabilities within there. We have data management kind of software that is coming out, et cetera. So there’s so much going on. It’s going to be interesting, because there is a little bit of a… I wouldn’t say it’s a gold rush as much, but it’s a need, a real painful need. And that’s a barrier to entry that we’re seeing in terms of being able to deploy and bring out the AI system. So there’s going to be quite a bit of decisions, there’s going to be some stumbles and successes, you know-
Steven Dickens: Well, this is once. This is all the work we saw got built out in ’99, 2000 for the internet. This is what we saw with the mobile ecosystem in 2007, 2008. What we’ve seen with cloud, that you sort of say the high level thing and then you’ve got to get an open stack, you’ve got to get Kubernetes, you’ve got to get cloud backups. It just ripples down the stack. And we’re at the same with AI. We’re starting to see that ripple down the stack piece come through.
Camberley Bates: Right. So guys, we’ve been here, it’s been about 30 minutes, so thank you very much for joining us, and covered a lot of ground here. We’ve got this next week, we’ve got Krista at Black Hat, Steve is at SHARE, I am at FMS, which is now called the Future of Memory and Storage. So I mean, what the heck is this? We’re in August. We’re supposed to be on vacation and we’ve got three big shows going on, right?
Steven Dickens: I’m doing planning for what looks like September and October, which means I might see my wife for, like, five minutes on a Sunday afternoon’s. It’s crazy. I’ve just, I’ve got to plan. I’ve got to sit down next week-
Camberley Bates: Here’s my violin for you.
Steven Dickens: Oh, I know. Yeah, I wasn’t looking for sympathy. I’ve got literally a block on my calendar to book flights and hotels, and it’s probably going to take me two hours.
Camberley Bates: There we go.
Steven Dickens: Once September comes around, it’s going to be crazy.
Camberley Bates: Our listeners are just crying for you.
Steven Dickens: I know.
Camberley Bates: They’re just crying, there you go.
Steven Dickens: Vegas sounds fun, but it’s not fun, people.
Camberley Bates: Yeah. It’s like, “How many times do we get to go there every year?” Okay, guys, thank you very much for joining in, and don’t forget to like, share, tell people all about us, because we have too much fun doing this every week. Certainly do, take care.
Author Information
With a focus on data security, protection, and management, Krista has a particular focus on how these strategies play out in multi-cloud environments. She brings approximately a decade of experience providing research and advisory services and creating thought leadership content, with a focus on IT infrastructure and data management and protection. Her vantage point spans technology and vendor portfolio developments; customer buying behavior trends; and vendor ecosystems, go-to-market positioning, and business models. Her work has appeared in major publications including eWeek, TechTarget and The Register.
Prior to joining The Futurum Group, Krista led the data center practice for Evaluator Group and the data center practice of analyst firm Technology Business Research. She also created articles, product analyses, and blogs on all things storage and data protection and management for analyst firm Storage Switzerland and led market intelligence initiatives for media company TechTarget.
Krista holds a Bachelor of Arts in English Journalism with a minor in Business Administration from the University of New Hampshire.
Camberley brings over 25 years of executive experience leading sales and marketing teams at Fortune 500 firms. Before joining The Futurum Group, she led the Evaluator Group, an information technology analyst firm as Managing Director.
Her career has spanned all elements of sales and marketing including a 360-degree view of addressing challenges and delivering solutions was achieved from crossing the boundary of sales and channel engagement with large enterprise vendors and her own 100-person IT services firm.
Camberley has provided Global 250 startups with go-to-market strategies, creating a new market category “MAID” as Vice President of Marketing at COPAN and led a worldwide marketing team including channels as a VP at VERITAS. At GE Access, a $2B distribution company, she served as VP of a new division and succeeded in growing the company from $14 to $500 million and built a successful 100-person IT services firm. Camberley began her career at IBM in sales and management.
She holds a Bachelor of Science in International Business from California State University – Long Beach and executive certificates from Wellesley and Wharton School of Business.
Regarded as a luminary at the intersection of technology and business transformation, Steven Dickens is the Vice President and Practice Leader for Hybrid Cloud, Infrastructure, and Operations at The Futurum Group. With a distinguished track record as a Forbes contributor and a ranking among the Top 10 Analysts by ARInsights, Steven's unique vantage point enables him to chart the nexus between emergent technologies and disruptive innovation, offering unparalleled insights for global enterprises.
Steven's expertise spans a broad spectrum of technologies that drive modern enterprises. Notable among these are open source, hybrid cloud, mission-critical infrastructure, cryptocurrencies, blockchain, and FinTech innovation. His work is foundational in aligning the strategic imperatives of C-suite executives with the practical needs of end users and technology practitioners, serving as a catalyst for optimizing the return on technology investments.
Over the years, Steven has been an integral part of industry behemoths including Broadcom, Hewlett Packard Enterprise (HPE), and IBM. His exceptional ability to pioneer multi-hundred-million-dollar products and to lead global sales teams with revenues in the same echelon has consistently demonstrated his capability for high-impact leadership.
Steven serves as a thought leader in various technology consortiums. He was a founding board member and former Chairperson of the Open Mainframe Project, under the aegis of the Linux Foundation. His role as a Board Advisor continues to shape the advocacy for open source implementations of mainframe technologies.
