cloud computing Archives - CFO

IBM Shares Dive As Revenue Woes Continue

IBM Shares Dive As Revenue Woes Continue

"The actions we are taking to focus on hybrid cloud and AI will take hold, giving us confidence we can achieve revenue growth in 2021.”

By Matthew Heller | January 22, 2021

Cloud Growth Drives Microsoft Earnings Beat

Cloud Growth Drives Microsoft Earnings Beat

Microsoft has benefited from businesses accelerating the shift to cloud infrastructure and applications due to the COVID-19 pandemic.

By Matthew Heller | October 28, 2020

SAP Shares Fall 23% on Q3 Results, Guidance

SAP Shares Fall 23% on Q3 Results, Guidance

“COVID-19 has created an inflection point for our customers," the company said as it announced a "strategic pivot" to cloud computing.

By Matthew Heller | October 26, 2020

IBM Beats Q2 Estimates, Sees Cloud Growth

IBM Beats Q2 Estimates, Sees Cloud Growth

“Our clients see the value of IBM’s hybrid cloud platform, based on open technologies, at a time of unprecedented business disruption."

By Matthew Heller | July 21, 2020

3 Considerations for New Cloud Computing Accounting Rules

3 Considerations for New Cloud Computing Accounting Rules

In their next fiscal year companies must begin to capitalize certain costs associated with deploying cloud software.

By David McCann | December 26, 2019

IBM Sales Slump for Fifth Straight Quarter

IBM Sales Slump for Fifth Straight Quarter

“The company’s cloud business hasn’t been able to make up for declining sales in its services, hardware, and financing businesses."

By Matthew Heller | October 17, 2019

SAP Software Sales Dip in Asia Amid Trade Feud

SAP Software Sales Dip in Asia Amid Trade Feud

"Trade-related uncertainty in Asia impacted our software revenue performance in the region," CFO Luka Mucic says.

By Matthew Heller | July 18, 2019

A 10-Step Plan for Digitally Transforming a Company

A 10-Step Plan for Digitally Transforming a Company

In his new book, technology icon Tom Siebel offers a road map for staying relevant during this era of exploding innovation.

By David McCann | June 27, 2019

Amazon Profit Doubles to Record $3.6B in Q1

Financial Performance

Amazon Profit Doubles to Record $3.6B in Q1

The company "has entered a new era with comparatively sluggish sales growth, but a consistently profitable business.”

By Matthew Heller | April 26, 2019

F5 Buys Nginx to Boost Multi-Cloud Strategy

F5 Buys Nginx to Boost Multi-Cloud Strategy

The $670 million deal reflects F5's goal to provide "software and services for building apps that work across multiple cloud usage scenarios.”

By Matthew Heller | March 12, 2019

The CFO’s Crucial Role in Digital Transformation

The CFO’s Crucial Role in Digital Transformation

The need to decide what funding requests to prioritize and how much to invest puts finance chiefs squarely in the middle of digital transformation efforts.

By David McCann | February 7, 2019

Intel Misses Estimates on Weaker Cloud Sales

Financial Performance

Intel Misses Estimates on Weaker Cloud Sales

Intel's Q4 report “should be a huge, blaring warning to tech investors that the cloud boom could be coming to an end."

By Matthew Heller | January 25, 2019

Cloud Revenue Helps Oracle Beat Q2 Estimates

Financial Performance

Cloud Revenue Helps Oracle Beat Q2 Estimates

Growth in Oracle's cloud-computing business, however, still lags behind rivals such as Workday and Salesforce.

By Matthew Heller | December 18, 2018

The New CFO Mandate: Prioritize, Transform, Repeat

Robotic Process Automation

The New CFO Mandate: Prioritize, Transform, Repeat

Finance chiefs are uniquely positioned to resolved differing points of view and lead substantive change for their companies: McKinsey research.

By Priyanka Prakash, and Ishaan Seth, McKinsey & Co., Kapil Chandra, and Ankur Agrawal | December 13, 2018

Oracle Shares Dip on Another Revenue Miss

Financial Performance

Oracle Shares Dip on Another Revenue Miss

"This market has no patience for any misses from tech companies, no matter how minor or how explainable the miss."

By Matthew Heller | September 18, 2018