Accenture Plc’s first quarter earnings have beaten Wall Street analysts’ estimates, on the back of fast-growing digital and cloud services businesses. The IT consulting firm has shifted its focus to the cloud and offers a wide range of services ranging from managing clients’ social media marketing strategies to helping them move to the cloud. Accenture…
Four Democratic leaders who sit in the U.S. House of Representatives Energy and Commerce Committee have written to Alphabet Inc demanding that they be briefed on Google Inc’s and Ascension Health’s deal by December 6. They are particular interested on how patient data that is stored on the cloud by the hospital chain will be…
Since it first fund raiser in 2006, 83North has invested in 70 companies and made 15 exits, three of which were in unicorns – startups that have been valued at more than $1 billion. On Monday, 83North, a London-based venture capital firm stated, it had raised $300 million for a new fund targeting European and…
Software behemoth Microsoft Corp has unveiled artificial intelligence and blockchain driven software tools which can contribute positively for businesses. The unveiling is not limited to just software but hardware as well. It has released a developer edition of its HoloLens 2 headset as well. In a significant development, Microsoft Corp announced the release of a…
With Chinese authorities intensifying their crackdown on online gaming, Tencent’s cash machine, its revenues have been significantly affected. Faced with increased challenges stemming from heightened government regulations, Tencent Holdings announced stated, it has undergone its first restructuring in six years. In 2018, its market capitalization has fallen significantly and the company has faced some harsh…
Oracle had reported a 31.7% rise in its cloud business which touched $1.57 billion in the last quarter. On Monday, Safra Catz, Oracle Corp co-CEO stated, she expects to see an acceleration in the company’s cloud business. Her statement comes in the wake of Oracle sales figures falling short of analysts’ expectations. As a clarificatory…
The developments puts to rest concerns of waning demand for memory chips which are once again on the rise on the back of strong demand from the smartphone and server market. A spokesman for Samsung Electronics Co Ltd stated it plans on building a new memory chip production line in late March in China. The…
Dell’s board is set to meet later this month to discuss these options. As per a source familiar with the matter at hand, Dell Technologies Inc is weighing its strategic options which includes merging with its majority-owned VMware Inc which is listed in the New York Stock Exchange as well as an initial public offering…
With this move, we will become even more dependent on Amazon’s web services and cloud based data security. With Amazon S3 facing a rough day, the company will have to do a lot more to convince businesses and consumers that its web services is robust, dependable and secure. When you are in need of tech…
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