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Whitman thanks partnerships for strong HPE Q1

HPE street logo

Hewlett Packard Enterprise (HPE) has claimed earnings of $300 million in its first quarter of 2016 show it is shaping up for the cloud more strongly than expected.

Salesforce quarterly figures prove cloud industry resistant to IT downturn

Salesforce Wear

Salesforce’s latest quarterly figures have reversed the conventional logic of valuing cloud company stock, according to stock markets reaction.

Software and platforms as a service driving our growth says Oracle


Oracle’s latest quarterly results show the increasing strategic of importance of revenue from cloud software and platforms as a service, according to the vendor.

IBM, Microsoft struggle while SAP largely bucks the trend

IBM, Microsoft and SAP all released their financial results this week

IBM and Microsoft revealed steep losses this week as the two companies released their Q2 financial results, but SAP seems to have bucked the trend with close to 130 per cent growth in cloud revenues and 13 per cent growth in revenue.

Oracle Q4 cloud revenues grow 29%, down 5% overall

Larry Ellison said the company's cloud revenue will eclipse Salesforce's revenue this year

Oracle Corporation has announced its 2015 fiscal Q4 quarterly earnings, unveiling impressive growth for its PaaS and SaaS business, which is up 29% on last year. The company posted overall revenue of $10.7 billion however, down 5% year on year. After a bullish announcement of its Q3 results in March, where Oracle boss Larry Ellison […]

Rackspace sees strong Q1 as managed services gives way to managed cloud

Graham Weston, chief executive officer and chairman of Rackspace

Hosting, managed services and cloud provider Rackspace announced a solid Q1 2014 this week, reporting quarterly revenue of $421 million, up 3.2 per cent from the previous quarter and 16 per cent year on year. Rackspace executives said the results are a hearty endorsement of the company’s strategy to offer a hybrid service that sits somewhere between managed services and commodity cloud.

Executives to forgo incentives following dismal IBM Q4 results

IBM unveiled the latest update to the server architecture at the foundation of its SystemX and PureSystems offerings

IT incumbent IBM released its 2013 fourth quarter results, announcing revenue declines of 5 per cent (3 per cent adjusted for constant currency) and profit declines of 0.1 per cent, despite net income rising 6 per cent. Increases in cloud revenue were not enough to counter declines in IBM’s global hardware business, and executives are reportedly forgoing incentive packages until the company performs better.