Remove company top-companies-by-revenue
article thumbnail

The business value of social sustainability

CIO

And companies are taking it seriously: a recent NTT report found that more than 40 percent of executives surveyed said social sustainability is a top imperative for their C-suite and Board of Directors. NTT’s report , based on a ThoughtLab survey of 250 senior executives with a combined revenue of $2.2 million on average.

Business 660
article thumbnail

AWS revenue growth stabilizes with a boost from generative AI-led services

CIO

AWS posted a stable 12% revenue growth in the third quarter of 2023 buoyed by demand for generative AI-led services, despite customers trying to optimize their cloud spending. For the last few sequential quarters, revenue growth for AWS has been on a constant decline. AWS posted revenue of $23.06

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Microsoft can’t keep up with demand for AI in the cloud — for now

CIO

When Microsoft posted its quarterly earnings last week, its CFO Amy Hood said that customers wanted more cloud compute for their AI workloads than the company could supply. Microsoft posted revenue of $61.9 billion for the quarter, up 17% year on year, of which $26.7 Generative AI, Microsoft

Gaming 661
article thumbnail

IBM bets on generative AI to escape economic headwinds

CIO

In this past quarter, we saw good revenue growth in software and consulting,” IBM CEO Arvind Krishna said during an earnings call. As a result, we remain confident in our revenue and free cash flow growth expectations for the full year,” Krishna added. IBM’s total revenue for the quarter ended September grew 4.6%

Security 824
article thumbnail

Decoding Salesforce’s plausible $11 billion bid to acquire Informatica

CIO

Salesforce’s reported bid to acquire enterprise data management vendor Informatica could mean consolidation for the integration platform-as-a-service (iPaaS) market and a new revenue stream for Salesforce, according to analysts. billion in 2022. MuleSoft, acquired by Salesforce in 2018 for $5.7

Airline 804
article thumbnail

Oracle expects data-hungry generative AI to drive revenue growth

CIO

Oracle is betting on high demand for data, driven by generative AI -related workloads, to boost revenue in upcoming quarters as enterprises look to adopt generative AI for productivity and efficiency. For the first quarter of fiscal year 2024, Oracle posted a total revenue of $12.5 Revenue from IaaS was up 66% to $1.5

Sales 761
article thumbnail

Rajeev Ronanki on making the leap to CEO

CIO

“I’ve always aspired to run my own company,” says the Los Angeles resident. “I After a successful run as a partner and offering leader at a global consulting firm, Ronanki served for five years as SVP and chief digital officer of Elevance Health, formerly known as Anthem, a Fortune 50 enterprise with annual revenues exceeding $150 billion.

Alliance 793