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earnings

Extra $800m energy costs zap Microsoft earnings forecasts

Rising energy costs will sting Microsoft for $800 million this financial year according to the firm, as it saw slightly slower growth of its Azure cloud business in its Q1 results. In its earnings call CFO Amy Hood noted Microsoft's energy costs will escalate throughout the year, saying

Goldman Sachs puts tech-led "Platform Services" at heart of restructuring

Goldman Sachs wants to be a fintech, consolidates firm-wide tech offerings...

Bank of America’s $3 billion in annual IT spending is paying off -- and growing double-digits

CEO Brian Moynihan: "Our technology spending will go up 15% this year"

Morgan Stanley CEO James Gorman: “I'm perfectly happy to see our tech spend go up”

Cloud, robo-advisors among priorities...

Oracle's HeatWave comes to AWS, as Ellison vows "shock" poaching of AWS customers

Gross margin for cloud services and license support was 81%...

MongoDB shrugs off economic slowdown in storming quarter, adds record new customers

Customers are focussed on removing complexity from their stack...

Salesforce's earnings are the latest canary in the coal mine of the global economy

Retail, consumer goods and communications and media most impacted so far...

Zoom targets aggressive enterprise growth as its UCaaS offering expands

“Zoom Phone was a real star in Q2”

Meta’s “Horizon” virtual world may be about to explode. Here's why

Meta's burning through billions building a "metaverse" -- it might be about to start getting users too...

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