Finance and reporting - Strategy - computing

Apple reported a 4% year-on-year drop in revenue to $90.8 billion for the quarter ending 30th March, beating analyst expectations of $90.1 billion.

https://www.computing.co.uk/news/4204649/apple-revenues-fall-expected

Five big tech companies announced their quarterly financial results on Thursday with a jump in fortunes for Microsoft, Google and Snap, while those of IBM and Intel were more mixed.

https://www.computing.co.uk/news/4201897/microsoft-google-snap-report-strong-quarterly-results-revenues-ibm-intel

The biggest technology companies are doubling down on AI, pouring billions into research, development and infrastructure, but investors are growing restless as financial returns remain elusive.

https://www.computing.co.uk/news/4201673/big-techs-ai-spending-spree-worries-investors

Capita, the outsourcing behemoth, has revealed staggering annual losses totalling more than £106.6 million ($135.5 million), with a significant portion attributed to a cyberattack it suffered l...

https://www.computing.co.uk/news/4183408/capita-reports-gbp107mn-annual-losses-blames-cyberattack

Salesforce CEO and co-founder Marc Benioff made the case for his company being best positioned to deliver trusted enterprise artificial intelligence, his at times fiery language during a fourth-...

https://www.computing.co.uk/news/4180010/salesforces-benioff-cloud

Nvidia’s fourth quarter earnings beat even the sky high expectations of Wall Street analysts when the company submitted its reports for the three months ending in January.

https://www.computing.co.uk/news/4177313/nvida-revenues-rise-265-ai-chips

Meta Platforms and Amazon made huge stock gains after announcing their quarterly results while Apple stumbled, reflecting shifting investor sentiments and competitive dynamics in the tech indust...

https://www.computing.co.uk/news/4170136/tech-giants-big-revenue-waves-meta-amazon-reach-highs-apple-setback

ServiceNow, the workflow software giant, has outperformed Wall Street predictions across the board, driven by its integration of generative AI into core software offerings.

https://www.computing.co.uk/news/4167462/servicenows-strong-q4-results-fuelled-ai-growth

In a bid to crack down on tax evasion and boost revenues, the UK's HM Revenue and Customs (HMRC) has implemented new tax rules, effective from 1st January 2024, targeting small sellers on platfo...

https://www.computing.co.uk/news/4159751/digital-platforms-disclose-sellers-income-hmrc

With Microsoft 365 Copilot set to become generally available 1st November, the company already has tens of thousands of users and 40% of the Fortune 100 in the Copilot early access programme—i...

https://www.computing.co.uk/news/4139042/microsoft-q1-income-rises-about-ai-ceo-nadella

Google parent company Alphabet, which is celebrating the 25th anniversary of the founding of Google, reported solid momentum in its cloud business on Tuesday, with $8.4 billion in quarterly sale...

https://www.computing.co.uk/news/4138148/google-cloud-income-rises-pichai-pushes-ai-everywhere

New estimates reveal the UK may have missed out on as much as £2 billion in tax revenue in 2021, as major tech firms shifted their profits abroad.

https://www.computing.co.uk/news/4134957/uk-lost-gbp2bn-big-tech-tax

Databricks is in discussions with T Rowe Price, a global investment management company, about a new round of funding that could boost the valuation of the data lakehouse and AI platform develope...

https://www.computing.co.uk/news/4123595/databricks-seekis-funding-push-value-usd43b

Jensen Huang, Nvidia’s co-founder and CEO, says high demand for the AI chip giant’s most powerful GPUs is recognition that many companies are moving from data centres powered by CPUs to ones...

https://www.computing.co.uk/news/4122796/nvidia-annual-revenues-double-surging-ai-demand

Amazon and Apple both reported quarterly this week. While Amazon posted better-than-expected profits, Apple saw iPhone and iPad sales decline as it shifts its focus onto services. 

https://www.computing.co.uk/news/4121600/apple-hits-billion-services-customers-iphone-sales-fall-amazon-profits-rise

Intel reported a profitable quarter thanks to its aggressive savings plan while detailing some of the opportunity ahead in artificial intelligence during the chipmaker's quarterly earnings call ...

https://www.computing.co.uk/news/4121176/intel-reports-profitable-quarter-makes-ai-announcements

Hyperscalers tout role of AI in their earnings

https://www.computing.co.uk/news/4120992/about-ai-microsoft-google-publish-financial-results

Computing attended a roundtable discussion chaired by Baroness Barron MBE on widening access to STEM careers

https://www.computing.co.uk/discussion/4119531/computing-attends-st-roundtable-widening-participation-stem-careers

'The repeated delays and rephasing of Making Tax Digital have undermined the programme's credibility,' watchdog says

https://www.computing.co.uk/news/4117723/governments-flagship-digital-tax-scheme-times-budget-late-nao

'Demand environment remains challenged, and customers are staying cautious,' says COO Chuck Whitten

https://www.computing.co.uk/news/4117273/dell-revenues-weak-pc-demand

Overall revenues down 14% year-on-year

https://www.computing.co.uk/news/4116568/lenovo-income-takes-hit-pc-market-slumps

AWS sales rose 16% compared with last year, but CEO Jassy warns customers are 'cost-optimising'

https://www.computing.co.uk/news/4113046/amazon-profits-rise-cloud-growth-slowing

Zuckerberg says Meta has no intention of shifting its focus away from metaverse

https://www.computing.co.uk/news/4112980/meta-reports-expected-results-q1-metaverse-continues-lose-billions

Google cloud announces first ever profits while Azure continues to grow at almost 30% annually, defying expectations of a slowdown

https://www.computing.co.uk/news/4112861/quarterly-results-cloud-giants-google-microsoft

https://www.computing.co.uk/news/4112644/sap-lowers-outlook-despite-q1-revenue-rise

https://www.computing.co.uk/sponsored/4087232/industry-voice-mongodb-enabled-%E2%80%98build-%E2%80%98-strategy-sparks-loyalty-platform

'I feel comfortable with all the investments we've made in making sure we can develop AI responsibly,' says Pichai

https://www.computing.co.uk/news/4073583/google-talks-ai-disappointing-financial-results

Plans to buy back up to 35 million shares as finance firms QCM and Marshall Wace bet against it

https://www.computing.co.uk/news/4073389/darktrace-announces-stock-buyback-short-sellers-circle

Although the online ad slump may be bottoming out says CEO Evan Spiegel

https://www.computing.co.uk/news/4073371/snap-bellwether-online-stock-drops-tough-conditions

Intel's fourth-quarter earnings fell short of analysts' expectations when it shared them on Thursday.

https://www.computing.co.uk/news/4066226/intel-quarterly-results-disappoint-investors

Cambridge-based AI security company reduces forecasts and loses £300 million in market value

https://www.computing.co.uk/news/4062615/darktrace-shares-drop-14-worsening-economy-hits-cyber-sector

It is unclear at this stage which departments will be affected by the impending job cuts

https://www.computing.co.uk/news/4060657/hp-lay-employees

'Our costs are too high and our margins are too low,' says CEO Gelsinger

https://www.computing.co.uk/news/4058976/intel-income-drops-59-announces-usd10bn-cutbacks

Contrasting fortunes for two Silicon Valley mainstays

https://www.computing.co.uk/news/4058923/q3-results-meta-profits-plunge-servicenow-stock-soars

The main revenue engines of the largest tech giants - cloud and ads - are being hit by prevailing market conditions

https://www.computing.co.uk/news/4058836/microsoft-alphabet-stocks-fall-cloud-growth-slows

Arm is one of the few bright spots for the troubled Japanese tech investment bank

https://www.computing.co.uk/news/4054480/arm-reports-record-revenue-parent-softbank-posts-net-loss-usd23-billion

Weak financial results come as FTC this week sued Meta in an antitrust case to prevent it from acquiring a firm behind the virtual reality workout app

https://www.computing.co.uk/news/4053921/meta-reports-quarterly-decline-revenue

YouTube business saw the biggest slowdown, with revenues increasing just 5% compared with 84% during the same time last year

https://www.computing.co.uk/news/4053797/google-parent-alphabet-misses-revenue-profits-growth-slows

Withdrawal from Russia and Belarus has led to losses of nearly €120 million

https://www.computing.co.uk/news/4053516/sap-cuts-profit-outlook-2022-ukraine-war-impacts-sales