Technology

Putting metaverse concerns into perspective

[ad_1] The metaverse has set the commercial landscape ablaze. Expectations are through the roof, and not even the sky seems to be the limit. August institutions such as CB Insights and JP Morgan see the metaverse becoming a $1tn annual market, while Goldman Sachs and Morgan Stanley expect this …

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Microsoft Cloud grows, but less than expected

[ad_1] Microsoft has reported revenue for its first quarter of 2023 of $50.1bn, up 11% compared to the same quarter last year. However, net income was $17.6bn, a 14% decrease. The company said it had experienced “strong overall demand” for its Microsoft Cloud offerings. Commercial bookings declined by 3%, …

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Troubled public sector cloud provider hit with winding up order

[ad_1] Public sector-focused sovereign cloud provider UKCloud has been placed into liquidation more than a year after its accounts revealed that the firm was in need of a £30m funding injection to continue trading. Winding-up orders for UKCloud and its parent company, Virtual Infrastructure Group, were issued on Tuesday …

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revenue up 15%, Ukraine war impact €250m

[ad_1] SAP has announced its third-quarter 2022 financial results, which show a 15% increase in revenue to €7.841bn year on year, with cloud revenue up by 38% to €3.288bn, 42% of the total. The supplier’s Q1 cloud, as opposed to on-premise, revenue percentage was 40% and in Q2 it …

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