AMD forecasts first revenue drop in seven quarters, shares plummet

(Reuters) – Advanced Micro Devices Inc on Tuesday flagged competitive pressures with a forecast that pointed to the first revenue drop in seven quarters, sending the chipmaker’s shares plunging 11 percent in after-hours trading. FILE PHOTO: AMD Opteron 6000 series processor is seen on a motherboard during a product launch in Taipei April 14, 2010. […] Read more »

AT&T: Hurricanes and Earthquakes Hurt Revenue

Video subscribers are also down. AT&T said on Wednesday that its third-quarter results took a hit from a string of hurricanes that tore into parts of the United states and earthquakes in Mexico. The No. 2 U.S. wireless carrier said third-quarter consolidated revenue was hurt by about $ 90 million and pre-tax earnings by about […] Read more »

Microsoft’s cloud revenue grows, while IBM’s fades

This is a tale of two cloud players, both old-guard IT firms with vested interests in on-premises software sales. One is making a very successful transition to the cloud era, while the other is failing badly. And it’s a familiar story. Microsoft is kicking butt, and IBM is getting its butt kicked. In its most […] Read more »

IDG Contributor Network: Xero breaks through its glass ceiling: customers, revenue and cashflow

It’s fair to say that no one has been covering Xero longer than I have. I first talked to its co-founder and CEO, Rod Drury, long before the company launched a product. Trawling back through my emails and I discovered that we first talked about his vision 10 years ago to the day. (Rod, we […] Read more »

IDG Contributor Network: Red Hat expected to rake in $2.4 billion in revenue this year

The king of Linux, Red Hat, continues its growth as a leading Linux vendor that’s betting big on the cloud. Yesterday, the company announced financial results for its second quarter of fiscal year 2017 ended August 31, 2016. The company generated $ 600 million in revenue for the quarter, a 19 percent year-over-year increase. Red […] Read more »

Intel refocusing itself, and its revenue stream, on cloud

With Intel looking to lock in on the next big thing and cloud continuing to grow in importance, it makes sense for the chip maker to seize on cloud computing as a way to transform itself. That’s the word coming from industry analysts after Intel this week announced it will lay off 12,000 employees — […] Read more »

Microsoft’s revenue falls, but cloud remains a bright spot

Microsoft is betting on reinventing itself as a cloud company, and the financial results it released Thursday show that its push is paying off despite an overall decline in revenue.  Azure revenue rose 127 percent from a year earlier, and sales of Azure Premium Services like Machine Learning were three times higher during the last […] Read more »

Microsoft’s revenue falls, but cloud remains a bright spot

Microsoft is betting on reinventing itself as a cloud company, and the financial results it released Thursday show that its push is paying off despite an overall decline in revenue.  Azure revenue rose 127 percent from a year earlier, and sales of Azure Premium Services like Machine Learning were three times higher during the last […] Read more »

Microsoft’s revenue falls, but cloud remains a bright spot

Microsoft is betting on reinventing itself as a cloud company, and the financial results it released Thursday show that its push is paying off despite an overall decline in revenue.  Azure revenue rose 127 percent from a year earlier, and sales of Azure Premium Services like Machine Learning were three times higher during the last […] Read more »

SAP sees cloud, support revenue overtaking software in 2018

German business software maker SAP expects its revenue from cloud subscriptions and support to be higher than its revenue from software licenses in 2018, reflecting an industry trend. This would be a dramatic shift for a company, which earlier had licenses and support of its business software as its mainstay business. There was considerable skepticism […] Read more »

SAP sees cloud, support revenue overtaking software in 2018

German business software maker SAP expects its revenue from cloud subscriptions and support to be higher than its revenue from software licenses in 2018, reflecting an industry trend. This would be a dramatic shift for a company, which earlier had licenses and support of its business software as its mainstay business. There was considerable skepticism […] Read more »

Oracle Touts Cloud Revenue Growth In Tough Second Quarter

Oracle said that global currency pressure had a negative impact on its total revenues and net profit, which were down for its second quarter. Executives put the focus on the company’s relatively small but fast growing cloud revenue instead, at a time when Oracle is moving from its traditional on-premises business to a hybrid cloud […] Read more »

Cloud growth buoys Microsoft while revenue shrinks

Microsoft’s cloud successes buoyed the company through its last quarter, which was otherwise a mixed financial bag. Revenue fell more than 12 percent from a year earlier to $ 20.4 billion, though profit grew almost 2 percent to $ 4.62 billion.  [ Read Bill Snyder’s Tech’s Bottom Line blog for what the key business trends […] Read more »