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November 20, 2020

IBM will focus on its open hybrid cloud platform, which represents a $1 trillion market opportunity. Building on IBM’s hybrid cloud foundation, the company acquired Red Hat to unlock the full value of the cloud for clients, further accelerating adoption of the platform. Executive Summary Financial Statements – Income Statement and Forecast – Balance Sheet […]

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November 17, 2020

Accenture is expanding its research collaboration with The Alan Turing Institute, the national institute for data science and AI, by committing to establish a five-year strategic partnership that will create a new data and AI engagement forum, conduct research, and develop applications. The partnership, led by Accenture Applied Intelligence, will bring together industry and academia […]

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November 12, 2020

Adobe saw acceleration of Commerce business, and drove increased adoption of AEM Cloud Service and Adobe Experience Platform, which expect to be growth drivers over the next decade. The company saw particular strength with the number of transactions greater than $1 million in new annual subscription value that was closed in the quarter. Executive Summary […]

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October 12, 2020

Rapid7 stated that there is growing interest from customers to acquire multiple Insight products together. This part reflected their second quarter strength in average ARR per customer which accelerated to 20% Y/Y growth. Executive Summary Financial Statements – Income Statement and Forecast – Balance Sheet – Cash Flow – Quarterly results – Segment Overview – […]

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October 6, 2020

The company significantly improved operational and supply chain execution and advanced innovation agenda with the introduction of HPE GreenLake cloud services solutions, new HPE Ezmeral software portfolio, and planned acquisition of SDWAN leader Silver Peak. Executive Summary Financial Statements – Income Statement and Forecast – Balance Sheet – Cash Flow – Q3FY20 Results – Overview […]

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September 30, 2020

Proofpoint has been selling its combined services as P0 to P3 bundles to eliminate the need of multiple sales cycles and further simplifying the selling process, The company has closed on over 300 bundles in this quarter. Executive Summary Financial Statements – Income Statement and Forecast – Balance Sheet – Cash Flow – Quarterly results […]

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September 21, 2020

Cognizant announced it has entered into an agreement to acquire Chicago-based 10th Magnitude, a leading cloud specialist focused exclusively on the Microsoft Azure cloud computing platform. The acquisition will expand the Microsoft Azure expertise within Cognizant’s new Microsoft Business Group, adding development and managed services hubs in major cities throughout the U.S. 10th Magnitude will […]

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September 17, 2020

Teradata executed well in the quarter, exceeding expectations for key metrics and delivering robust ARR growth, strong recurring revenue growth, significant free cash flow, and solid earnings per share, despite the uncertainties posed by the COVID-19 pandemic.The company announced that Vantage with Native Object Store, or NOS, the port has become generally available in the […]

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September 11, 2020

Customers are choosing Google Cloud to either lower their cost by improving operating efficiency or to drive innovation through digital transformation. Brands like Keurig Dr. Pepper, Deutsche Bank, Lowe’s, Telefónica, Orange and Group Renault have opted for Google cloud. The company is helping many government agencies deliver care for their citizens, including the states of […]

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August 26, 2020

IBM  launched AI for IT offering to give every CIO the ability to automate their IT infrastructure that immediately reduces cost and becomes more resilient. AI for IT runs across any cloud and works in collaboration with an ecosystem of partners, that includes Slack and Box and the company also  launched new edge and telco network […]

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August 24, 2020

Accenture has acquired Organize Cloud Labs, a Brazil-based company operating as ServiceNow’s first Elite partner in Latin America. The acquisition strengthens Accenture’s already vast information technology (IT) capabilities and deep industry experience in cloud strategy, migration, implementation and management. Executive Summary Financial Statements – Income Statement and Forecast – Balance Sheet – Cash Flow – […]

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July 13, 2020

Proofpoint is focusing on strengthening its enterprise security offerings by enhancing its Enterprise Archive solution. The Proofpoint Enterprise Archive solution is deployed by numerous organizations to simplify e-discovery and monitoring and reduce relevant costs. The solution will offset three key challenges, namely legal discovery, regulatory compliance, and end-user email access. Executive Summary Financial Statements – […]

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July 10, 2020

TDC  have customers in certain sectors of retail, hospitality and traveling transportation verticals which have been hit hard by COVID-19. These customers represented less than 12% of their 2019 revenues. On the other hand, financial services and government, and Healthcare customers make up over 60% of their revenues and these verticals have remained solid. Executive […]

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July 7, 2020

Cognizant announced it is collaborating with Verily Life Sciences, the health and life sciences company of Alphabet, to facilitate COVID-19 testing across the U.S. Cognizant is providing a team of its life sciences experts to support Verily’s Baseline COVID-19 Testing Program to increase individuals’ access to test scheduling. This effort is part of Cognizant’s broader […]

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June 10, 2020

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 […]

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May 27, 2020

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 […]

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April 13, 2020

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 […]

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March 11, 2020

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 […]

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March 9, 2020

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 – […]

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February 19, 2020

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 […]

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September 11, 2019

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 […]

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August 9, 2019

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 […]

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July 31, 2019

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 […]

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July 31, 2019

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 […]

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June 11, 2019

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 […]

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June 9, 2019

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.

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