Enterprise IT
Unilever needs to “stop shackling employees, stop the corporate gobbledygook”
Analysts get blunt, whilst Global CIO eyes digital transformation
Featured
AWS generated Amazon $80.1 billion in 2022 but the wheels are wobbling as profits slump
"We're trying to build a set of relationships in business that outlast all of us"
Enterprise IT
Intel posts one of its worst losses ever, as sales plummet
"Macro headwinds" drive Intel to second-worst quarterly performance on record
Enterprise IT
5 key takeaways from Microsoft’s earnings
CapEx, a cloud slowdown, and more...
Enterprise IT
Micron halves CapEx, warns of “most severe imbalance” in memory market since 2008
Micron is cutting spending on memory chip fabrication by 50% in 2023 and slashing 10% of its workforce, or some 5,000 jobs, with the semiconductor firm’s CEO Sanjay Mehrotra warning the memory market is facing “the most severe imbalance between supply and demand in both DRAM and NAND
Featured
Cisco backlogs still "far exceed historical levels" says executives
Cisco takes a $600m hit on layoffs, restructuring
Enterprise IT
AMD’s cloud revenue doubles as it gears up for EPYC 4
First to market with DDR5, PCIe 5.0, and Compute Express Link 1.1
Enterprise IT
Extra $800m energy costs zap Microsoft earnings forecasts
Rising energy costs will sting Microsoft for $800 million this financial year according to the firm, as it saw slightly slower growth of its Azure cloud business in its Q1 results. In its earnings call CFO Amy Hood noted Microsoft's energy costs will escalate throughout the year, saying
Enterprise IT
Goldman Sachs puts tech-led "Platform Services" at heart of restructuring
Goldman Sachs wants to be a fintech, consolidates firm-wide tech offerings...
Enterprise IT
Bank of America’s $3 billion in annual IT spending is paying off -- and growing double-digits
CEO Brian Moynihan: "Our technology spending will go up 15% this year"
Enterprise IT
Morgan Stanley CEO James Gorman: “I'm perfectly happy to see our tech spend go up”
Cloud, robo-advisors among priorities...
Cloud
Oracle's HeatWave comes to AWS, as Ellison vows "shock" poaching of AWS customers
Gross margin for cloud services and license support was 81%...