BW Analyst also made following comment about google announcement, which agrees with my earlier post that this would result in significant cost reductions.
"We believe the most important piece of information in the short-term was the commentary around FZO’s move to Google Cloud – the first we heard of this move was in the recent 4C:“Sustained diligence continues to drive down costs with significant projects underway, including a cloud project with Google Cloud Services”.This move will help FZO scale much-more efficiently, with the company expectingcost benefits to be ~$300-$500k/year over the medium term – this is just one of many cost saving moves being made by the company as it pushes aggressively to get its overheads <$10m/year from ~$14m/year at its peak. The company’s transition to Google Cloud is likely to commence in the next few weeks."
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