IBM cuts 3,900 jobs, misses annual cash target
IBM Corp on Wednesday announced 3,900 layoffs as part of some asset divestments and missed its annual cash target, dampening cheer around beating revenue expectations in the fourth quarter.
Analysis: Amazon notches up sunny sales, despite client shift to ‘multicloud’,
Amazon.com Inc has racked up four straight quarters of cloud computing sales growth, a streak analysts are calling impressive and easing concerns that a customer shift toward multiple cloud vendors would hurt its leading market share.
France’s OVHcloud picks up speed in Q1, on track for 2022 targets
French cloud computing company OVHcloud (OVH.PA) reported on Wednesday a rise of 13.9% in its first-quarter revenue, and said it was on track to achieve its full-year objectives.
Oracle revenue falls short of expectations as cloud competition rises
Enterprise software firm Oracle Corp (ORCL.N) fell short of Wall Street expectations for first-quarter revenue on Monday, hurt by competition in the cloud computing space.
