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“Remarkable momentum” sees ServiceNow raise guidance again
Another above quarterly guidance performance in Q3 has led ServiceNow to increase its top line guidance for the third time this year. Total revenue in the three months ended 30th September was up 22% yoy at constant currency to $2,797m and subscription revenues rose by 22.5% to $2,715m. At the end of the period, the […]
Wipro UK lands Wealthtime transformation deal
Wipro’s improving fortunes in the big deals arena have received a further boost in the shape of an end-to-end platform services contract with Wealthtime, a leading UK finetch. The agreement sees Wipro partner with GBST, the customers technology partner for the last 15 years, in a joint co-delivery model to develop, deploy and manage a […]
Softcat excels in tougher market
FY24 results out today from infrastructure product and services firm, Softcat, show Gross Invoiced Income (GII – a key metric for resale firms) increased 11.3% to £2.85bn. The firm also continued its unbroken record of double-digit gross profit growth, which is now at almost 20 years. We reported on a strong H1 back in March […]
Penny Williams becomes CDW UK MD
Big hat tip to our friend Doug Woodburn, Editor at IT Channel Oxygen, for his exclusive on the appointment of Penny Williams as CDW’s new UK MD. J.D. Hupp, who had led the UK since 2020 is leaving to “pursue another opportunity“. CDW is an Illinois-headquartered product, solutions, and services provider and a Fortune 500 […]
New Data Bill introduced
The Data (Use and Access) Bill was introduced to Parliament yesterday (23rd October 2024). Sponsored by the Department for Science, Innovation and Technology (DSIT), it is a key component in the government’s plans to harness the power of data. The Bill replaces the Digital Information & Smart Data Bill, which was one of 40 Bills announced […]
IBM Software division continues to lead growth in Q3
IBM has announced its results for Q3 2024 (ended 30th September 2024). Revenue was up 2.0% year-over-year in constant currency to $15.0bn; within that, software revenue was the star player—up 9.6% yoy ccy to $6.5bn—with all other segments declining: Consulting was down 0.2% ccy to $5.1bn, Infrastructure was down 6.7% ccy to $3.0bn, and Financing […]
Atos: looking to Q4 with renewed confidence
This morning, Atos stakeholders received positive news. Atos confirmed a “decisive step” in its financial restructuring process, as the Nanterre Specialized Commercial Court approved the Group’s accelerated safeguard plan. It is now envisaged that all planned financial restructuring transactions will be completed between November 2024 and December 2024/January 2025. As a reminder, Atos will see […]
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*UKHotViewsExtra* Highlights from AI Sector study
The Department for Science, Innovation and Technology (DSIT) has released its 2nd iteration of the UK AI sector study yesterday, giving us some insight into the current growth and composition of the UK AI market. According to the latest stats there are now more than 3,000 AI companies in the UK, generating more than £10bn in revenues, […]