The Cloud

Global Business

Report: IBM To Cut 10,000 Jobs

The job cuts could affect about 20% of its staff in Europe. The United Kingdom and Germany would be the hardest hit, says Bloomberg.
The Cloud

Unlocking Digital Value Creation

Three areas are the key to success in this new normal: cloud-based collaboration tools, advanced analytics, and adaptability.
The Cloud

Microsoft Cloud Provider AvePoint Going Public Via Apex Technology SPAC

AvePoint is estimating revenue to grow 26% year-over-year to $148 million for fiscal 2020.
The Cloud

IBM to Buy Software Company Instana

The company said the move is part of its hybrid cloud and AI push.
The Cloud

Adobe to Strengthen Its Cloud Segment With $1.5B Workfront Acquisition

The deal enables Adobe to upgrade its marketing software with collaboration tools for remote work management.
The Cloud

Alibaba’s Cloud Growth Outperforms Amazon’s and Microsoft’s

The Chinese tech giant’s cloud segment posted $2.19 billion in quarterly revenues, growing at 60% year-over-year.
The Cloud

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.
The Cloud

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.
The Cloud

IBM to Spin Off Infrastructure Unit

The move allows it to focus on its hybrid cloud business.
The Cloud

Snowflake Prices IPO Above Indicated Range to Raise $3.4B

The cloud data warehousing company raised the largest IPO ever for a U.S. software company.
The Cloud

Snowflake Sets Terms for $2.7B Public Offering

Investments by Salesforce and Berkshire Hathaway could provide the data warehouse startup with more than $800 million in additional capital.
The Cloud

Zoom Revenue Soars on Remote Work Boom

“Organizations are shifting ... to supporting a future of working anywhere, learning anywhere, and connecting anywhere on Zoom's video-first platform."
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