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.”
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.
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.
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."
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.
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."
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.
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.
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.”
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.”
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.