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Infosys makes headway with big data and cloud

S.D. Shibulal, chief executive officer and managing director, Infosys

IT outsourcing company Infosys announced ten per cent year on year growth for the quarter to end December 31, with net profit rising to nearly 21 per cent quarter on quarter. The company said Friday that much of its success and efficiency gains are owed to new inroads it is making in the cloud and big data space, marking the beginning of a transformation many of its competitors are vying to make.

Dropbox seeks funding as Box readies IPO

Cloud storage is one of the most competitive sectors within the cloud services market. But these services still face challenges in the enterprise.

Cloud-based backup and storage service provider Dropbox is said to be in the process of raising a new round of funds, with sources close to the matter suggesting the company is valuing itself at over $8bn, according to the Wall Street Journal. The news arrives as one of the company’s main competitors, Box, readies its IPO for early next year, a move that may see the cloud storage wars heat up significantly in 2014.

UK’s Stack Group pumps £1.7m into new cloud initiatives

UK Stack said the £1.7m investment will go towards expanding its existing cloud estate

In a bid to grab a slice of the UK cloud market, virtualisation and telecommunications services company Stack Group announced that it is investing £1.7m to increase its virtualised server estate.