Remove company top-companies-by-revenue
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

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 589
Insiders

Sign Up for our Newsletter

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

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 731
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 793
article thumbnail

Atos contemplates fire sale as break-up plan falters

CIO

French IT services company Atos is floundering as it seeks to refocus its business. Negotiations over the sale of its legacy infrastructure services business are dragging on, and the company is contemplating the sale of more profitable activities such as its big data and security business to meet debt repayment obligations.

Sales 703
article thumbnail

Salesforce to hire 3,300 staffers as it eyes generative AI opportunity

CIO

The company already has made several product enhancements, especially integrating new generative AI features into its Data Cloud. This week at its annual Dreamforce conference, the company said it has rebuilt its Data Cloud to support generative AI and will begin rolling out the omnipresent chatbot to some customers by year-end.

IT 820
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 667