Pivotal, the business software company spun out of EMC and VMware five years ago, says revenue from Pivotal Cloud Foundry, its primary cloud development product, more than doubled last year.
That’s an indication that big companies are interested in building applications to run in their own data centers and/or on rented computing power managed by Amazon, Microsoft, and Google, said Pivotal CEO Rob Mee.
Pivotal said booked revenue grew 130% last year to $270 million from $117.4 million for 2015. The privately held company does not talk about profitability. In an interview with Fortune, Mee noted that Pivotal remains in investment mode, which means that it’s willing to sacrifice profit while it builds its business.
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