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Market trends and news

Record deal sees Slack competitor Wrike acquired by Citrix

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 …

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Remote working fuels a 50% growth in Microsoft Azure’s revenue

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 …

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SAP Q4 results and 2021 forecast – Accelerated Cloud push but profits down

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, …

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Review: SaaS in 2020

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 …

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Alibaba Q3 Cloud results customer spend grow 45%

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 …

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SAP Q3 Cloud results

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 …

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SAP Pre-Announces Strong Second Quarter Results Amid COVID-19 Crisis

SAP also announced Q2 2020 numbers, which featured growth in cloud revenues  IFRS Cloud Revenue Up 21% Current Cloud Backlog Up 20% “I am extremely proud that our teams successfully navigated the very challenging environment to deliver a better than anticipated quarter. As a result, our customers can emerge even stronger from the crisis. In …

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