#cloud-revenue

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ai
Business Insider
2 weeks ago
Artificial intelligence

Amazon, Microsoft, and Alphabet are doubling down on AI for the cloud - and it seems to be paying off

AI efforts boost Amazon, Microsoft, Alphabet's cloud revenue, contributing to Q1 earnings surpassing estimates. [ more ]
New York Post
3 months ago
Artificial intelligence

Investors weary of cost of AI development as Microsoft, Alphabet shares fall

Tech giants such as Alphabet and Microsoft are experiencing high costs in developing generative AI-powered products.
Investors were disappointed by the costs and expecting a bigger boost in sales from AI technology. [ more ]
ComputerWeekly.com
3 months ago
Artificial intelligence

SAP puts the focus on AI, but cloud is still key | Computer Weekly

SAP's cloud revenue grew by 20% to €13.66bn, driven by strong growth in SaaS and PaaS offerings.
SAP plans to focus more on AI as a key strategic growth area, both for its products and internal cost savings. [ more ]
moreai
The Verge
3 weeks ago
Tech industry

Microsoft's Surface and Xbox hardware revenues take a big hit in Q3

Microsoft's Office and cloud revenues continue to dominate, with Microsoft posting strong financial results.
Investors are monitoring Microsoft's revenue from AI investments and Windows OEM revenue, expecting growth post-2023 slump. [ more ]
Theregister
3 weeks ago
DevOps

SAP reports steady revenue growth while profits slip

SAP reported a revenue increase in Q1 2024, driven by growth in cloud revenue and strategic focus on cloud services. [ more ]
Mobile World Live
3 months ago
Artificial intelligence

Alphabet ploughs ahead on AI

Alphabet's revenue in Q4 2023 increased by 13% to $86.3 billion
Net income for the quarter was $20.6 billion, up from $13.6 billion [ more ]
Digital Nation
3 months ago
Artificial intelligence

SAP to restructure 8,000 roles in push towards AI

German software firm SAP SE unveils a €2 billion restructuring plan that includes cutting 8,000 roles.
SAP plans to invest over $1 billion in generative AI to drive growth in AI-driven business areas. [ more ]
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