Musk not guilty of fraud

‘Never a dull, no news day, in MuskLand’ is a sentence I have used many times before and still seems to be true to this day! Against all predictions (and logic…) Elon Musk was found ‘not guilty’ of any wrongdoing over his tweets back in Aug 18 about taking Tesla private at $420 per share […]

AWS and Google Cloud growth slows

Fourth quarter results from Amazon and Google show cloud growth slowing (for the boarder view read Big Tech. Big misses). At Amazon, rewinding through the year, the slowdown in growth each quarter is apparent. Revenue growth in Q1 was up 37%, but slipped to 33% in the following quarter. Growth slowed again in Q3 – […]

CAST Software helps reduce software’s carbon footprint

CAST Software, the specialist provider of “software intelligence” has launched a new service focused on helping organisations to reduce the environmental impact of their applications. CAST’s Green Software Insights, analyses application source code and provides organisations with insights into the energy demands of their software, thus helping to identify opportunities to minimise consumption. CAST helps […]

Zopa secures £75m to fund growth ambitions

UK challenger bank, Zopa, has secured a new investment of £75m as it looks to continue its push within the UK banking market. The digital bank has indicated that it plans to utilise the funding to support its inorganic growth ambitions during the first quarter of 2023. In August 2022 Zopa celebrated attracting more than £2bn […]

Trustmarque acquires Livingstone Group

Trustmarque, which is now backed by One Equity Partners (“OEP”), announced that it has completed the acquisition of Livingstone Group an independent provider of software and cloud asset management and optimisation services. Terms of the deal were not disclosed though the Livingstone management team and colleagues will remain with the business. The deal is one […]

Cognizant slows further despite UK strength

The downturn in Cognizant’s fortunes that emerged in Q322 (see here) is showing no imminent signs of reversal. Revenue of $4.8bn in the final quarter (the three months ended 31st December) was down a tad qoq with yoy growth for the period easing back to 4.1% at constant currency. This limited the increase in the […]

Big Tech. Big misses

Apple, Amazon and Alphabet/Google report their latest quarterly results Yesterday, Meta surprised the market by posting Q4 results that exceeded expectations. They were ‘rewarded’ with a 24% rise in their share price during normal trading today. See Meta shares on fire. Then, as the market closed, three of the biggest of the Big Tech companies […]

Takeover talks continue as revenue declines at DXC

DXC Technology has published its latest financials revealing another quarter of double-digit revenue declines. For the nine months ended 31 December 2022, DXC’s global revenue fell by 11.6% to $10.9bn and net income was down 2.5% to $192m. Third-quarter revenue fell by 12.8% to $3.6bn year on year and was down by 3.8% on a […]

Re:course AI gets £3.5m to reimagine healthcare training

Manchester-based healthtech Re:course AI is set to accelerate the development of its ‘AI flight simulator for healthcare training’ having secured $4.3m (£3.5m) in seed funding. Founded (whilst still in medical school) by dynamic duo Dr. Scott Martin, Clinical Entrepreneur Fellow at NHS England and CEO at Re:Course AI, and Maksim Belousov, PhD in artificial intelligence and CTO, […]