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IBM announced that the Korean credit card company, Lotte Card, which services a wide network of retailers including department stores, hypermarkets and cinemas, is collaborating with IBM Services to transition its entire enterprise system, including mission critical and core financial accounting systems, to a hybrid cloud environment. By using cloud native technology from IBM and […]
In order to leverage growth, Accenture has already made $584mn of acquisition in 1HFY20 and has estimated to make total $1.6bn of acquisition in FY20. New bookings were a record at $14.2bn for the quarter and surpassed previous all-time high by $1.3bn. Consulting bookings were $7.2bn, a record high. Outsourcing bookings were also a record […]
Cognizant has entered into exclusive negotiations to acquire the French operations of EI-Technologies, a Paris-based, privately-held digital technology consulting firm and leading independent Salesforce specialist in France. The proposed acquisition would complement Cognizant’s global Salesforce practice, expanding client resources in Europe. The planned acquisition requires advance consultation with the relevant works councils and would be […]
Teradata Corporation is in the transition phase to a recurring revenue model with subscription-based transactions which is effecting the performance of the company as total revenues were down by 12%. Executive Summary Financial Statements – Income Statement and Forecast – Balance Sheet – Cash Flow – Q4FY19 & FY19 Results – Segment Wise Performance – Guidance […]
IBM acquired Red Hat, with the number one Linux operating system, RHEL, and the leading hybrid cloud platform, OpenShift. The company expanded the reach of its Watson AI offerings, and is leading the industry in its approach to trust and transparency for data and AI. Executive Summary Financial Statements – Income Statement and Forecast – […]
Accenture’s revenue growth of 9% in local currency was due to growth based across all dimensions of the business, with the majority of industries growing at a high single- or double-digit rate. The result continued to be driven by strong double-digit growth in digital, cloud and security related services. • Executive Summary • Financial Statements […]
IBM’s revenues declined by 4.2% to $19.2bn in Q2FY19 which was impacted by currency fluctuation and headwinds from IBM Z product cycle. IBM stated that signings declined 14% on cc basis in the quarter to $9.7bn. Services backlog fell 4% year over year and totaled $111.2bn. Number of Pages – 50 Contents Executive Summary Financial […]
Accenture had a very strong YTD results due to excellent demand in “the New” which includes Accenture Interactive, Applied Intelligence, Industry X, cloud and security and also continued profitable growth, driving value for all the stakeholders. Accenture’s revenues increased by 4% in U.S. dollars and 8.4% in local currency to $11.1bn in Q3FY19. Number of […]
HPE’s revenues declined by 4.3% to $7.15bn in Q2FY19 and were up 1% from the prior-year period, excluding Tier 1 server sales, when adjusted for currency. HPE announced plans to transition HPE into an as a Service company over time. This includes a commitment to provide its customers choice by offering its entire portfolio, through […]
Cognizant’s revenues increased by 5% to $4.1bn in Q1FY19 due to double-digit growth in Product and Resources segment and Communications, Media and Technology segment. However, Cognizant’s major segment contributor Financial Services had decline in revenues and Healthcare segment had slow growth. Number of Pages – 43 Contents Executive Summary Financial Statements –Income Statement and Forecast […]
GOOGL expanded the content offering, availability and the functionality on some of its newer YouTube experience. YouTube Music and YouTube Premium are now available in 43 countries up from five markets at the start of FY18. YouTube’s Ad business, for both brand and direct response campaigns, continues to grow and support its creators Number of […]
Adobe Systems Incorporated (ADBE) is exhibiting trendy bullishness since long. Our target of previous coverage which was last updated on 31st October 2017, is successfully achieved. We are updating our coverage with technical perspective. We are bearish on Adobe Systems due to evidence of few reversal signals on the chart, and providing target of USD 220 and SELL rating.
