January 31, 2024
Via: ComputerworldMicrosoft 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 […]
January 25, 2023
Via: CIO DiveThe 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 […]
October 26, 2022
Via: ComputerworldMicrosoft 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 […]
October 25, 2022
Via: CIOFueled 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 […]
July 20, 2020
Via: ZDnetIBM 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 […]
June 7, 2016
Via: Data Center KnowledgeOracle 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 […]