Business Cloud News

IBM reports cloud growth despite 16th quarterly revenue decline


IBM has reported healthy growth for its cloud and strategic imperatives business units, despite witnessing revenue declines for the 16th straight quarter.

Coupa closes $80m funding to bolster financials in the cloud

Coupa secured $80m in its latest funding round

Cloud-based provider Coupa has secured $80m in a funding round led by T. Rowe Price Associates and Iconiq Capital, bringing total investment raised by the startup to $165m.

SAP, Deloitte partner on ERP

SAP and Deloitte are working together to make batch processing for ERP a thing of the past

German software giant SAP said Wednesday that it is partnering with international consulting firm Deloitte in a bid to create customised financial management software based on the SAP HANA cloud platform. The companies said they aim to leverage in-memory compute capabilities in order to make processes that traditionally require batch processing available in real-time.