Revenue decline continues for Cisco in Q1
Cisco saw revenues decline for the fourth quarter in a row as product backlogs from its networking business continue to drag on growth. Total revenues were down -6% to $13.8bn in Q1 FY25. Cisco’s product business, in particular its core networking business bore the brunt of the decline, down 23% yoy to $6.7bn, primarily driven […]
ArvatoConnect extends Dudley Council automation contract
UK-headquartered business process operations specialist ArvatoConnect (formerly Arvato CRM Solutions) has extended its existing one-year contract with Dudley Metropolitan Council for a further three years. We reported last November that the company had secured a deal to implement its ProcessAutomate managed service solution (combining Arvato’s public sector expertise with RPA technology) in the council’s accounts payable department […]
*NEW RESEARCH* More than a Feeling: GenAI and Sentiment Analytics in CX
TechMarketView’s More than a Feeling: GenAI and Sentiment Analytics in Customer Experience report is now live for our subscribers. The advent of the GenAI era will have a profound impact on both the Customer Experience (CX) domain as a whole and the hyper-personalisation of experiences in particular. The latter has placed Sentiment Analytics (SA), which seeks to […]
*NEW RESEARCH* Managing the sustainable AI paradox: Harnessing AI while hitting sustainability goals
SAS bolsters synthetic data capabilities with Hazy deal
AI and analytics firm SAS has acquired the principal software assets of UK-based synthetic data specialist Hazy. Terms of the transaction have not been disclosed. Hazy spun out of University College London (UCL) in 2017, raising c.£11m in a series of funding rounds, including £7.3m last year (see Hazy raises £7.3m for Synthetic Data offering). […]
AdvancedAdvT H1: Early positive progress
Analysis of AIM-listed AdvancedAdvT’s (AdvT) H1 results (to end August 2024) is complicated by the company’s year-end change from 31 December to 28 February. However, all the financial indicators are positive. AdvT provides software solutions and platforms across two business transformation areas: business solutions & healthcare compliance, and human capital management. Making up those two […]
UK startup Vega simplifies alternatives processing
UK-based investment technology startup, Vega, has secured investment worth $20m for its innovative “Alternatives-as-a-Service” proposition. The Series A funding round was led by two backers, Apollo and Motive as Vega looks to scale its fledgling operations. Founded in 2022 by 30-year-old French national, Alexis Augier (CEO), Vega is developing a distribution operating system “AltOS” for […]
Accenture lands large Defra deal
Accenture has secured a £78.8m outsourcing contract with long-standing customer the Department for the Environment, Food and Rural Affairs (Defra). Won through a competitive tendering process, the new five-year deal covers the monitoring, maintenance and support of a substantial part of Defra’s applications portfolio. The Department is one of Accenture’s strongest Central Government accounts with which […]
H1 double-digit growth at ActiveOps
No surprises in the H1 numbers at AIM-listed ActiveOps this morning, which we had already covered from October’s trading update (see ActiveOps updates on H1 growth). Headlines show total revenue increasing 10% to £14.32m (H1 FY24 £13.06m) with SaaS revenue growth of 12% (in constant currency) to £12.96m. Adjusted EBITDA ticked up 32% to £1.04m (H1 […]
Alfa looks to the future with optimism
UK-based asset finance specialist, Alfa Financial Software, has released a trading statement highlighting strong revenue growth and a healthy pipeline. The update for the quarter ended 30 September 2024 revealed that Q3 revenue grew by 14% year-on-year to £28m (up 16% on a constant currency basis) with subscription revenue climbing 19%. TCV was up 56% […]