growth
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Blog
AMD to cut around 1,000 staff to focus on “largest growth opportunities”
AMD has announced a 4% cut to its global workforce as part of a realignment of business priorities. According to reports from CNBC, AMD issued a statement saying it would be taking a number of steps ultimately resulting in a workforce reduction. “As a part of aligning our resources with our largest growth opportunities, we are taking a number of…
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Agilitas targets growth with chief revenue officer appointment
Agilitas IT Solutions has announced the appointment of Gary Lomas as its new chief revenue officer, as the channel services provider looks to drive growth and enhance its channel offering. The experienced sales veteran will commence his new role later this month, tasked with overseeing the company’s entire revenue cycle and strengthening its business resilience. He will also work to…
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Microsoft’s Azure growth isn’t cause for concern, analysts say – but as it battles AWS and Google its ability to meet data center AI demands could become a problem
The big three cloud providers have posted largely strong growth despite a slight falter from Microsoft Azure, but experts have told ITPro that flagging cloud earnings are to be expected. All three hyperscalers recently delivered Q3 earnings results, with AWS posting a 19% increase in sales year-on-year to $27.5 billion. The Amazon-owned cloud provider clocked an operating income of $10.4…
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Data centers will be critical to UK economic growth in the coming decade – but researchers have warned of a ‘data doomsday’ unless energy infrastructure is improved
The UK’s data center industry could grow tenfold by 2035, according to new analysis from techUK, but only if the government takes action on energy supply and planning reforms. A new report from the trade body found data centers are already contributing £4.7 billion in Gross Value Added (GVA) annually to the UK economy, £640 million in tax revenue, and…
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Thoughtworks Reports Rapid Growth in AI Tools for Software Dev
AI tools and techniques are rapidly expanding in software as organisations aim to streamline large language models for practical applications, according to a recent report by tech consultancy Thoughtworks. However, improper use of these tools can still pose challenges for companies. In the firm’s latest Technology Radar, 40% of the 105 identified tools, techniques, platforms, languages, and frameworks labeled as…
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Australian Companies Focus on Growth for Tech Spending
The 2024 Datacom Annual Cloud Report, produced in collaboration with analyst firm Tech Research Asia, highlights some significant shifts in how Australian companies are approaching technology investments. Faced with economic uncertainties and operational pressures, organisations are becoming increasingly conservative with their tech spending — although they are still investing. IDC research projects that the ANZ IT market will grow from U.S.…
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Microsoft reports better-than-expected results; AI products show record growth – Computerworld
Microsoft’s second quarter results beat analysts’ expectations. as revenue increased by 16% to $ 65.6 billion — higher than the $64.5 billion analysts had expected. Net income rose 11% to $ 24.67 billion. Following major investments in AI, revenue from the Azure cloud business is now up 33%. Microsoft CEO Satya Nadella said in a comment that the company’s AI…
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Power Shortages Stall Data Center Growth in UK, Europe
The construction of new data centres in the U.K. and Europe is being held up due to insufficient electricity supply. Utility companies in the U.S. have also been struggling to keep up with demand. David Sleath, chief executive of development giant Segro, said that he would ideally be investing “hundreds of millions and more” into building new data centres, according…
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Iceland’s four-day working week trials have been a roaring success – economic growth spiked, workers were happier, and burnout plummeted
Iceland’s shift to a shorter working week has coincided with its economy outperforming most of Europe, according to research from organizations backing four-day working weeks. Between 2015 and 2019, Iceland ran two large trials of the so-called four-day working week across government, later leading to a labor rights agreement led by local trade unions that enshrined the right to shorter…
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Does remote work fuel wage inequality? Not exactly – staff working from home tend to be higher earners, but they also experience lower wage growth
New research shows remote work does not feed workplace inequality, contrary to the common belief that it might privilege higher tier earners. Researchers from universities in London, Birmingham, Sheffield, Nottingham, and Kent said hybrid work is highly valued by workers but is concentrated among the better-educated and higher earners. “At first glance, it seems remote work will increase inequality by…
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