CGI awarded key Emergency Services Network contract

CGI has been appointed as the Technology Delivery Partner (TDP) for the Home Office’s Emergency Services Mobile Communications Programme (ESMCP). The contract award has a value of £51m over its initial five-year term but could rise to £71m if the two 12-month optional extensions are initiated. The contract was awarded via the RM6100 Technology Services […]

Cognizant and Northumbrian Water to improve river water quality with AI

Ofwat’s Innovation Fund has announced the winners in the fourth Water Breakthrough Challenge competition, which provides around £40m to highly collaborative water-sector innovations with the potential to deliver “wide-scale, transformational change benefitting customers, society and the environment”. Water companies and their partners were able to bid for funding through two streams: Catalyst (approximately £10m available […]

Another year of decline as revenue slides at DXC Technology

DXC Technology announced its latest annual results last night, revealing another year of revenue decline, coupled with a small profit. For the twelve months ended 31 March 2024, DXC’s global revenue fell by 5.3% to $13.67bn and was down 4.1% on an organic basis (taking account of DXC’s divestments). Despite the latest decline, DXC’s fall […]

Reddit partners with OpenAI

Reddit has announced a partnership with OpenAI to integrate its content into ChatGPT, part of the company’s broader strategy to diversify its revenue streams beyond advertising. Reddit’s stock price rose by 12% in extended trading following the announcement. This new partnership follows Reddit’s recent collaboration with Alphabet, in which Reddit’s content was made available to […]

*UKHotViewsExtra* HGS UK starts to step up

Customer experience specialist Hinduja Global Solutions (HGS) has its sights set squarely on building a significant position in the UK. The company has been quietly going about its business in this country for almost three decades and currently sits just outside TMV’s Top 30 in the UK BPS market. With $500m still in its war […]

View from the Chief Analyst: Manufacturing sector gets fired up

A chink of light in an otherwise gloomy tech market In this edition of TechMarketView’s ‘View from the Chief Analyst’, Georgina O’Toole looks back over the last month of TechMarketView analysis – in UKHotViews, UKHotViewsExtra, and reports – to identify some of the most prominent trends we are seeing in the UK tech market. This […]

Workday pledges £550m investment in the UK

Enterprise management software provider, Workday, is planning to invest over £550m in the UK over the next three years. The investment will cover a wide range of initiatives, which should also serve to bolster the firm’s position in the UK market. The half a billion pounds will be ploughed into expanding its workforce here but […]

Palo Alto Networks to acquire IBM QRadar in new security partnership

Palo Alto Networks (PAN) and IBM have announced a new strategic partnership to deliver advanced AI-driven security services. The collaboration will see the acquisition of IBM QRadar security assets by PAN and IBM Consulting as the preferred managed security supplier for PAN customers. PAN plans to incorporate IBM’s watsonx large language models (LLMs) into its […]

Cisco networking business takes big hit in Q3

Cisco reported revenue fell -13% yoy to $12.7bn in Q3 2024, as the networking business took a significant hit, whilst the $28bn Splunk acquisition helped prop up growth across security and observability. Cisco saw declines across all geographic segments due to the continued implementation of inventory by customers. Its networking business, which represents over half […]

B2B brakes BT

BT Group’s FY24 ended up pretty much as expected. Headline revenue for the twelve months ended 31st March improved by 1% yoy to £20.8bn with Adjusted EBITDA for the period up by 2% yoy to £8.1bn. On a pro forma basis, taking account of the JV established between BT Sport and Warner Bros. Discovery last […]