by admin | May 25, 2021 | Branding, Business, Markets, Medium Enterprise, Networking, Online Marketing, SMEs, Technology
San Francisco : Microsoft has said it has acquired open-source company Citus Data to bolster the competitiveness of its Cloud computing business.
Citus Data is a company dedicated to the open-source database software PostgreSQL. Microsoft did not disclose detailed terms of the deal.
Microsoft said its acquisition of the start-up company, founded in 2011 with about 40 employees, reaffirms its commitment to Open-Source and accelerates Azure PostgreSQL performance and scale, Xinhua news agency reported late on Thursday.
“Working together, we will accelerate the delivery of key, enterprise-ready features from Azure to PostgreSQL and enable critical PostgreSQL workloads to run on Azure with confidence,” said Rohan Kumar, Corporate Vice President of Microsoft’s Azure Data.
Microsoft will continue to build on its promise around Azure as the most comprehensive cloud to run open-source and proprietary workloads at any scale, while it hopes to work with the PostgreSQL community to accelerate innovation to customers, Kumar added.
Microsoft launched its fully-managed community-based database service for PostgreSQL in March 2018 and it will now provide a version of PostgreSQL that scales more efficiently in response to growing demand.
“Microsoft and Citus Data will further unlock the power of data, enabling customers to scale complex multi-tenant Software-as-a-Service (SaaS) applications… with the familiar PostgreSQL tools developers know and love,” Kumar said.
Citus Data has become one of the latest open-source tech companies to have joined Microsoft since the Washington state-based Internet and software giant announced the purchase of the world’s largest open-source coding site GitHub with $7.5 billion in June 2018.
—IANS
by admin | May 25, 2021 | Business, Emerging Businesses, Large Enterprise, Markets, Technology
New Delhi : Announcing its Cloud offerings for India, 3D Experience major Dassault Systemes on Tuesday said its growing Cloud business in India could drive electric vehicles adoption.
“Dassault Systèmes has placed the cloud at the heart of our business experience strategy which is the foundation of next-generation applications and business processes. Cloud is the optimal way to leverage the power of the 3DEXPERIENCE platform and the 3DEXPERIENCE Marketplace,” said Sylvain Laurent, Executive Vice President, Dassault Systemes.
“In India, we see a lot of potential in Cloud adoption in the Electric Vehicle (EV) and components segment supporting the EV roadmap,” Laurent added.
With transportation and mobility contributing significantly to Dassault Systemes’s business in India, the company feels that the Cloud business will accelerate EV adoption.
It said the company’s Cloud offerings will be based on a subscription model for the India market.
Each subscription includes instant access to collaborative applications embedded within the 3D experience platform such as 3D design, engineering, modelling, simulation, data management and process management on the Cloud and social communication, community building and ideation applications for collaborative innovation, among others.
With these cloud offerings, the company also hopes to cater to companies across aerospace and defence, automotive original equipment manufacturer (OEM) and suppliers, industrial engineering and retail sectors.
Dassault Systemes acquired a majority stake in 2017 in Outscale, a global leader in enterprise-class Cloud services, thereby strengthening its position as one of the fastest growing cloud companies in the world.
—IANS
by admin | May 25, 2021 | Branding, Business, Corporate, Corporate Buzz, Large Enterprise, Marketing Basics, Markets, Technology
Satya Nadella
San Francisco : Riding on its growing Cloud business especially Azure offerings, Microsoft has reported a revenue of $28.9 billion for the fourth quarter that ended December 31.
This was up 12 per cent from $25.8 billion in the same quarter last year.
The company reported operating income of $8.7 billion – an increase of 10 per cent from last year.
“This quarter’s results speak to the differentiated value we are delivering to customers across our productivity solutions and as the Hybrid Cloud provider of choice,” Satya Nadella, CEO of Microsoft, said in a statement late on Wednesday.
“Our investments in Internet of Things (IoT), data, and AI services across Cloud and the edge position us to further accelerate growth,” he added.
Revenue in the Productivity and Business Processes was $9 billion that increased 25 per cent.
Office commercial products and Cloud services revenue increased 10 per cent, driven by Office 365 commercial revenue growth of 41 per cent.
“Office consumer products and Cloud services revenue increased 12 per cent and Office 365 consumer subscribers increased to 29.2 million,” the company said.
Dynamics products and Cloud services revenue increased 10 per cent, driven by Dynamics 365 revenue growth of 67 per cent.
“LinkedIn contributed revenue of $1.3 billion during the quarter with sessions growth of over 20 per cent for the fifth consecutive quarter,” Microsoft said.
In December 2016, Microsoft completed the acquisition of LinkedIn, for which it paid more than $26 billion.
Revenue in Intelligent Cloud was $7.8 billion and increased 15 per cent from the same quarter last year.
“Server products and cloud services revenue increased 18 per cent, driven by Azure revenue growth of 98 per cent.
Enterprise Services revenue increased five per cent driven by Premier Support Services.
Revenue in personal computing was $12.2 billion and increased two per cent.
Gaming revenue increased eight per cent, driven by Xbox hardware revenue growth from the Xbox One X launch. Surface notebook revenue increased 1 per cent, the company said.
Microsoft returned $5 billion to shareholders in the form of share repurchases and dividends in the second quarter of fiscal year 2018.
“We delivered another strong quarter with commercial cloud revenue growing 56 per cent year-over-year to $5.3 billion,” said Amy Hood, Executive Vice President and Chief Financial Officer of Microsoft.
—IANS
