Summary:
- Former Oracle executive, Thomas Kurian takes over as Google Cloud CEO this month
- Kurian is well known for his strong track record in M&A, acquiring small businesses and turning them into profitable business units
What does it matter to you:
Under the leadership of the previous Google Cloud CEO, Diane Greene, Google has been losing out to its competitors on major acquisitions. The first one was Red Hat, who turned down Google’s offer in favour of IBM deal and the second one was GitHub which was bought over by Microsoft.
With Kurian takes over the CEO office, the street is expecting to see Kurian to set Google Cloud on a more aggressive path, with more eye-catching deals ahead. With this in mind, the next immediate questions investors should be aware of
- Is Google ready for the strategic move initiated by Kurian?
- Will Google move to the next chapter of growth?
We shall arrive at a clearer picture once Kurian has settled down in his office in the next few months.
From the technical perspective, the long term bullishness of Google is still intact, with no indication of the change of trend. The support zone of 950 – 1,000, which has been tested for few times, could be a good long term accumulation zone.
Reference for Details:
www.businessins...sitions-2019-1/?IR=T
- Former Oracle executive, Thomas Kurian takes over as Google Cloud CEO this month
- Kurian is well known for his strong track record in M&A, acquiring small businesses and turning them into profitable business units
What does it matter to you:
Under the leadership of the previous Google Cloud CEO, Diane Greene, Google has been losing out to its competitors on major acquisitions. The first one was Red Hat, who turned down Google’s offer in favour of IBM deal and the second one was GitHub which was bought over by Microsoft.
With Kurian takes over the CEO office, the street is expecting to see Kurian to set Google Cloud on a more aggressive path, with more eye-catching deals ahead. With this in mind, the next immediate questions investors should be aware of
- Is Google ready for the strategic move initiated by Kurian?
- Will Google move to the next chapter of growth?
We shall arrive at a clearer picture once Kurian has settled down in his office in the next few months.
From the technical perspective, the long term bullishness of Google is still intact, with no indication of the change of trend. The support zone of 950 – 1,000, which has been tested for few times, could be a good long term accumulation zone.
Reference for Details:
www.businessins...sitions-2019-1/?IR=T