Tag: cloud revenue

Global Cloud

Generative AI boosts cloud revenue for Microsoft, Google

January 31, 2024

Via: Computerworld

Microsoft and Google, who saw cloud revenue slow in recent quarters, are reporting a resurgence of growth due to the proliferation of generative AI (genAI). Both companies on Tuesday reported revenue numbers for the final quarter of 2023. “Google Cloud […]

Global Cloud

Microsoft leans on cloud revenue, even as Azure growth stalls

January 25, 2023

Via: CIO Dive

The growth curve for cloud is slowing for Microsoft, as economic realities force companies to shift investment patterns. In a natural cycling of business priorities, enterprises that underwent modernization are now focused on consolidation. That realignment accounts for a temporary […]

Global Cloud

Rising cloud revenue helps soften Microsoft’s growth slowdown

October 26, 2022

Via: Computerworld

Microsoft reported its slowest growth in five years for the first quarter of its fiscal 2023, due largely to a strong US dollar and an ongoing decline in personal computer sales, causing net income to fall by 14% to $17.56 […]

Global Cloud

SAP cloud sales jump, fueling a rise in revenue

October 25, 2022

Via: CIO

Fueled by strong sales of cloud-based software that more than offset a decline in revenue from on-premises applications, SAP revenue jumped in the third quarter compared to the year-earlier period. Total revenue for the quarter ending Sept. 30 was €7.84 […]

Global Cloud

IBM beats Q2 expectations on 30% cloud revenue growth

July 20, 2020

Via: ZDnet

IBM published second quarter financial results on Monday, reporting its second straight quarter of revenue declines despite beating expectations. The business technology giant delivered non-GAAP EPS of $2.18 on revenue of $18.1 billion, down 5.4% year-over-year. Analysts were expecting earnings […]

Global Cloud

Oracle, Ellison Accused of Misleading Investors on Cloud Revenue

June 7, 2016

Via: Data Center Knowledge

Oracle and its top executives were sued by an investor who blames his stock losses on allegations by a former finance executive that the cloud computing giant doctored its quarterly results. Shares fell the most in almost three years Thursday […]