SAP post strong Q1 cloud results S/4HANA Current Cloud Backlog Up 43% At Constant CurrenciesHighlighting SAP’s Accelerated Cloud Transition IFRS EPS Up 29%; Non-IFRS EPS Up 63% Operating Cash Flow Up 3% To €3.09 Billion; Free Cash Flow Up 10% to €2.85 Billion The first quarter of 2021 was unique in many ways. We had …
SAP record Fastest Growth in New Cloud Business in Five Years Read More »
IBM beat industry analysts’ predictions in the first quarter of 2021, with revenues increasing by 0.9%, off the back of 4 consecutive quarters of decline. Revenues of the first 3 months of 2021 came in at $17.7bn. While being higher than some may have expected, this figure is $4.1bn lower than what IBM reported for …
IBM records growth after four quarters of decline Read More »
The cloud business brought in revenue of $3.83 billion (£2.8 billion) and recorded a loss $1.24 billion (£900 million) for Q4 2020, Google revealed on Tuesday. This marks the first time the company has announced the operating income metric for Google Cloud. However, the company also managed to deliver $13 billion (£9.53 billion) of revenue during 2020, a …
Citrix Systems has announced the acquisition of Slack competitor Wrike for $2.25 billion (£1.65 billion), becoming the firm’s record deal to date at $250m greater than initial expected. While Citrix already develops cloud-based products, adding the software that Wrike can provide will help the company in become a major competitor in the market. Specifically, Wrike …
Record deal sees Slack competitor Wrike acquired by Citrix Read More »
Microsoft experienced a 17% year-on-year increase in revenue in the second quarter of fiscal 2021, reporting strong growth across most of its services throughout 2020. While Microsoft experienced major growth in across services such as LinkedIn, Windows Surface and Xbox, their Azure cloud platform grew 50% year-on-year. Initially, Microsoft Teams started the uptick in revenue …
Remote working fuels a 50% growth in Microsoft Azure’s revenue Read More »
IBM were confident that the benefits of their recent strategical changes would come to light by the end of 2020, however the latest financial report from the firm exposed a decline in revenues
Despite the pressure on profit the message from CEO Christian Klein was on the renewed focus on “how businesses run by accelerating our customers’ transformation in the cloud.” The financial drivers for SAP behind this focus were confirmed by CFO Luka Mucic as he predicts that SAP’s expedited shift to the cloud will drive long-term, …
SAP Q4 results and 2021 forecast – Accelerated Cloud push but profits down Read More »
2020 started as a year that seemed to be heading for the continued steady transformation towards Cloud and SaaS based solutions and Services however this soon changed as the corona virus pandemic developed, affecting political, business and social life alike across the globe. Political changes to the industry In the run up to the Brexit …
Cloud ComputingAlibaba Cloud empowers the digital transformation of enterprises by providing comprehensive technologysolutions and services in the cloud for a wide range of industries. In the September quarter, cloud computingrevenue grew 60% year-over-year to RMB14,899 million (US$2,194 million), primarily driven by growth inrevenues from customers in the Internet, finance and retail industries. Customers across all …
Alibaba Q3 Cloud results customer spend grow 45% Read More »
SAP continued drive towards a Cloud and SaaS based business accelerates, practicing what they preach in terms of digital business transformation “Our expedited move to the cloud will ensure we continue our path as a cloud growth company while we remain focused on cost efficiency. These actions and our resilient business model position us well …
