Whats the moat of their software? These things are easy to duplicate (judging by the number of competitors they already have). Also keep in mind that cloud is b

Whats the moat of their software? These things are easy to duplicate (judging by the number of competitors they already have). Also keep in mind that cloud is being fed by a massive tech bubble and free money that leads to overspending. If every big tech co (amazon, ms, google, ibm etc) becomes a cloud provider offering the same services, how do they plan to maintain high premiums?