1. Spending forecast shows early signs of on-premise server demise

    The datacentre equipment market appears to be indicating the long-term impact of cloud computing on server sales

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    1. We are seeing a shift in who is buying servers and who they are buying them from.
    2. We currently have a capital-light business model because we work with third-party infrastructure partners – primarily Google Cloud – to run and scale our services rather than building our own infrastructure, which would require significant up-front capital and resources.
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