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Right now a more important question is how fast is the Cloud growing? Will it outgrowth the recession? The Cloud is still growing as many businesses are still

Right now a more important question is how fast is the Cloud growing? Will it outgrowth the recession? The Cloud is still growing as many businesses are still moving towards it. If the natural growth of the Cloud is bigger than how much the economy shrinks then the growth will still be positive or flat. I work for a tech company in this situation. It has grown a lot the past years and was expected a lot of growth in 2020. Now the expectations are more close to a flat growth with heavy losses in some quarters and growth in others. It is a similar case to the Cannabis industry. It may shrink from the reduction in economy, but still grow to the end of the year as it is just starting its growth path.

jhwang5 6y ago
I think growth of cloud business - net / net - will decrease in 2020. 1) The basket of customers who may do a big Cloud migration may shy away from big CAPEX projects (unless it's a very low hanging fruit that saves money). 2) It's not completely obvious whether cloud saves money, it really depends on the customer case by case. 3) The big sales pitch for cloud migration was so it can add features faster. Adding new features isn't on top of people's minds right now 4) Existing cloud customer will find ways to optimize their cloud spend.