Cyber attacks on NHS and Blue Yonder
The NHS Trust responsible for a group of hospitals in northwest England has declared a “major incident” following a cyberattack on the Wirral University Teaching Hospital. A statement on the website for the NHS Foundation Trust says: “A major incident has been declared at the Trust for cyber security reasons”, not much else is known […]
Revised guidance proves costly for Workday
Despite delivering an ahead of market consensus performance in Q325, Workday’s share price fell by 10% in after hours trading following the publication of the latest quarterly results. The company’s revised view of the outlook for the full year, which now anticipates a 17% yoy increase in subscription revenue to $7.703bn (previous forecast $7.700bn to […]
A new GM for Avanade UK
Microsoft-centric IT services provider and majority Accenture-owned, Avanade has announced the appointment of Paula Panarra as the new General Manager for the UK and Ireland. She replaces Andy Gillett, who held the post since September 2018 (see here), and will formally take up the reins on 1st December. With over three decades of industry experience, […]
UK Gov highlights cyber risk from AI and Russia
Chancellor of the Duchy of Lancaster, Pat McFadden, highlighted the cybersecurity risks from both Russia and AI in a speech to the NATO Cyber Defence Conference yesterday. In his speech, McFadden reiterated the importance of a strong NATO relationship amidst a period of ongoing turmoil and rising threats. Adversaries are becoming increasingly emboldened and aggressive, […]
Services drive H1 growth for Shearwater
Managed security services supplier Shearwater Group saw a much more positive start to FY25 than it ended last year, which saw revenues fall -15% as customers deferred spending on larger contracts. (See – A tough FY24 for cybersecurity services supplier Shearwater) Revenue for the first half of FY25 was up 8% yoy to £11.3m. Growth […]
KX revenue continues to grow as FD Technologies prepares to split
Newry-based FD Technologies has released its latest interim results, highlighting a decline in group revenue during the first six months of the fiscal whilst profitability remained stable. The financials for H1 25 revealed that revenue to end of August 2024 was down 6% (on a constant currency basis) at £126.8m with the group recording a […]
I-Nexus looks to go private
AIM-listed strategy execution software platform minnow, i-Nexus Global is seeking shareholder approval to delist from AIM re-registering as a private company. This morning’s announcement cited reasons for the shift as “a prolonged period of weak share price performance and low liquidity in the Company’s Ordinary Shares, coupled with the strategic focus on achieving profitability and enhancing stability”. […]
essensys on track to get back to black
An ahead of market expectations FY24 performance by essensys has bolstered the company’s confidence that it will deliver positive EBITDA in current fiscal (see here). The twelve months ended 31st July saw turnover at the flexible workspace SaaS platform provider decrease by 2% yoy at constant currency to £24.8m with recurring revenue dipping by 1% to […]
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Rising cloud expenses are a common challenge for businesses, often due to unused or overprovisioned resources, but did you know that cloud inefficiencies can be avoided? Many organisations have already achieved significant gains through FinOps best practices – a framework that combines financial transparency, operational efficiency, and engineering collaboration. For example: 72% cost reduction by […]
Atos: Proposed sale of BDS’ Advanced Computing business to French Government
In the latest step on Atos’ complex journey of the last few years, the Group has entered into exclusive negotiations with the French State to potentially acquire 100% of its BDS’ Advanced Computing activities. Notable is the change in scope; the previous non-binding offer also included the Mission Critical System and Cybersecurity Products businesses (see […]