No recession in Joyent's cloud

Rod Boothby at Joyent (disclosure: Rod is also a fellow Irregular) sent me the above graph showing how Joyent is profiting from the downturn in the economy. The reasons are not hard to fathom.

Despite the economic downturn, organizations still need to get things done and still need data center scalability. However they are turning their attention to providers that can quickly provision and which do not require capital expenditure. In email to me, Rod says: "In uncertain economic times, the move from capital expenses into operating expenses not only makes it easier to get new projects off the ground, but it also reduces the risks associated with running a new project. If the new application fails, clients can simply cancel their cloud infrastructure."

Also see: Cloud computing: Will the financial geeks give it a boost?