Looks like Alibaba is on a roller-coaster ride and there’s nothing to stop it, as is evident from the results of last quarter.
During the quarter that ended on June 30, Alibaba’s cloud business crossed more than one million customers the revenue during this period rose to 2.43 billion yuan, which roughly equals US$359 million.
According to the reports released by the company, it saw an increase of 137,000 paying customers. As a result, a good chunk of its revenue came from value-added services and it drove up the average revenue per user (ARPU) metric.
Among the high-paying clients, some of the notable ones are China’s CITIC Group, Huaneng Group [...]
Cloud is a pervasive technology that has touched all aspects of life and business, and the legal industry is no exception to it.
However, it took a while for this industry to join others because of the many questions surrounding cloud security. Since client confidentiality is the cornerstone of the legal industry, there were many apprehensions about moving data to the cloud.
But the benefits that come with a transition to the cloud coupled with improvements made in security have led the legal industry to also follow others.
One of the biggest reasons for this foray into cloud can be attributed to Thomson Reuters Elite, a leading financial and practice management [...]
Speech recognition is a software that allows you to convert video into text. This means, you can speak into your phone and the same will be converted into a text that you share with others through email or social media. Cool, right?
Many tech companies, especially owners of mobile operating systems have been working extensively to improve the quality of this cloud recognition software. One of the pioneers of speech recognition software is Google as its Cloud Speech API is one of the most advanced and sophisticated products in this genre.
If you’re wondering what in the world is Cloud Speech API, it’s nothing but a piece of software that allows third-party [...]
Back office tasks are often seen as routine ones, but have you ever realized how much more streamlined these operations will be when you move them to the cloud?
Let’s look at some reasons why cloud is critical for your back office operations.Embracing change
What we did 10 years ago is hardly relevant today. Many enterprises continue to have legacy systems that put tremendous load on the infrastructure and consume way more resources than they should.
We had to use legacy systems then because that was all that was available. But today, cloud and other technologies have outdated these systems, so it’s only right that we are in tune with these [...]
Nothing is permanent in this world except change, and only companies that understand this can thrive and prosper. One company that understands this well is Walt Disney Company as it has announced a slew of measures that would address the changing media landscape and cater better to the needs of its audience.
To this end, it has launched two streaming services, similar to Netflix. One of this streaming service will be for sports and the other for movies and television shows. Both these would be stand-alone services that allow users to choose the kind of entertainment they want to view. For example, if you’re a sports lover, you can simply opt for the sports stream while [...]
Microsoft and Google released spectacular results, and Amazon Web Services, the king of cloud market, was not to be left behind.
During the second quarter of 2017, AWS earned $4.1 billion in revenue. This was almost 11 percent of the overall revenue of Amazon during this period. This is a significant jump from the revenue it earned over the previous two quarters, which were, $3.54 billion and $3.66 billion respectively. The overall sales for this period was a whopping $38 billion.
One of the areas that did see a big decline is in the operating margin, that had reduced to 22.3 percent, the lowest value over the last six quarters. During the conference call, Brian [...]
T2 Cloud, an upcoming Chinese cloud provider, has raised RMB100 million or USD $14 million today in a series B round of investment.
This round of investment was led by an unnamed securities company along with a software and integrated system developer called Sinosoft Company Limited. In fact, as a part of the investment, T2 Cloud will partner with Sinosoft to enter the financial industry.
This round of investment is well in tune with the company’s aim to list itself on the domestic stock exchange within the next three years. While this may sound too ambitious in other countries, it’s definitely possible in China simply because the size of cloud computing [...]
Cognizant Technology Solutions, a major IT provider headquartered in the city Teaneck in New Jersey, has posted better than expected results during the second quarter of this year.
It’s net income increased by 86.5 percent to $470 million, though analysts attribute much of this rise to the lower income tax levels it paid last year. Last year, the Indian subsidiary of Cognizant repurchased shares valued at $2.8 billion from shareholders and this led the company to take a $190 million expense last year.
Even without this, the company earned 93 cents per share and this is more than the analysts’ prediction of 90 cents per share. The overall revenue also rose to [...]