Monday, December 23

Tag: Cloud Computing

TikTok Asks Managers to Give More Staff Lower Review Grades
29Oct By adminNo Comments
World

TikTok Asks Managers to Give More Staff Lower Review Grades

Oct. 29, 2023 11:36 am ETSINGAPORE—TikTok is asking managers across the world to give more employees lower ratings in performance reviews, a move that staff fear could reduce bonuses and lead to layoffs, people familiar with the matter said. In mid-October, managers were told by senior management and staff in human resources that they needed to assign more performance reviews at the lower end of the company’s bell-curve rating system, employees managing teams in the U.S., Singapore and China told The Wall Street Journal. This could double or triple the number of subpar grades given on some teams this year, the people said.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Amazon’s Profit Triples as Sales Show Resilience Leading Into Holidays
26Oct By adminNo Comments
Technology

Amazon’s Profit Triples as Sales Show Resilience Leading Into Holidays

Updated Oct. 26, 2023 7:21 pm ETAmazon.com said profit tripled to nearly $10 billion from July to September as strong sales in its cloud-computing, advertising and retail units helped the company continue its rebound from postpandemic lows.Chief Executive Andy Jassy said the company would reap tens of billions of dollars in revenue in the next several years as customers turn to generative AI opportunities available within its cloud-computing business, known as Amazon Web Services, or AWS. Business customers are likely to be less cautious with their spending, he said. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Microsoft Replaces Longtime CMO as it Enters ‘New Era of AI’
26Oct By adminNo Comments
World

Microsoft Replaces Longtime CMO as it Enters ‘New Era of AI’

Microsoft has swapped out its long-serving chief marketing officer as it commits to branding itself as an AI company.The software giant on Thursday said chief marketing officer Chris Capossela is leaving the company after 32 years, nearly 10 of which were spent in the top marketing job.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Google’s Cloud Sales Disappoint as Advertising Rebounds
25Oct By adminNo Comments
Technology

Google’s Cloud Sales Disappoint as Advertising Rebounds

Updated Oct. 24, 2023 6:08 pm ETGoogle reported its strongest business growth in more than a year but disappointed investors with relatively weak cloud-computing sales, delivering a mixed picture as it continues to wrestle with competitors developing artificial-intelligence tools.Google’s parent company Alphabet reported third-quarter revenue of $77 billion Tuesday, up 11% from the same period last year. The results marked the third consecutive quarter of accelerating growth for the search giant following an economic slowdown that briefly caused a rare drop in the company’s advertising sales.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Microsoft Gets Another Leg Up on Google in AI Race
25Oct By adminNo Comments
Money

Microsoft Gets Another Leg Up on Google in AI Race

Big tech’s two early movers on artificial intelligence both still have a way to go before the much-hyped technology starts generating significant business. But if their latest quarterly results are any indication, it may be Microsoft’s game to lose. Microsoft and Google-parent Alphabet both saw improvements to their core businesses during the September quarter according to results posted by both companies late Tuesday. Google’s advertising revenue grew 9% year-over-year to $59.6 billion during the quarter, beating Wall Street’s expectations and up notably from the 3% growth reported for the June period. That was helped by a notable pickup in YouTube’s advertising revenue, which jumped 12% for its quickest pace in nearly two years. It probably isn’t a coincidence that this was during a per...
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Microsoft Earnings Growth Accelerates on Stronger-Than-Expected Cloud Demand
25Oct By adminNo Comments
Technology

Microsoft Earnings Growth Accelerates on Stronger-Than-Expected Cloud Demand

Updated Oct. 24, 2023 7:23 pm ETMicrosoft’s sales growth accelerated last quarter as demand for its cloud computing services heated up amid growing enthusiasm about artificial intelligence. The company reported Tuesday that its revenue grew 13% to $56.5 billion for the quarter through September. That was above analysts’ expectations and a step up from growth of 11% during the year-earlier period.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Microsoft Earnings Growth Accelerates on Stronger-Than-Expected Cloud Demand
24Oct By adminNo Comments
World

Microsoft Earnings Growth Accelerates on Stronger-Than-Expected Cloud Demand

Updated Oct. 24, 2023 4:38 pm ETMicrosoft’s sales growth accelerated last quarter as demand for its cloud computing services warmed amid growing enthusiasm about artificial intelligence. The company reported Tuesday that its revenue grew 13% to $56.5 billion for the quarter through September. That was above analysts’ expectations and a step up from growth of 11% during year-earlier period.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Amazon Confronts a New Rival: TikTok
21Oct By adminNo Comments
World

Amazon Confronts a New Rival: TikTok

In the emerging business of ‘social shopping,’ TikTok dominates the social and is spending big to improve the selling. Amazon dominates selling, and is working on the social.
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SAP Shares Surge After Cloud Business Fuels Revenue Growth
19Oct By adminNo Comments
World

SAP Shares Surge After Cloud Business Fuels Revenue Growth

Updated Oct. 19, 2023 9:20 am ETSAP shares jumped in Thursday morning trading after the German business-software company posted higher revenue and operating profit for the third quarter, led by growth at its core cloud business.At 0720 GMT, SAP shares traded 6.4% higher at EUR128.84.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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