7 takeaways on emerging trends from ARX 2024
Constellation Research analysts outlined emerging trends for the second half of 2024 at ARX 2024. Here's a look at the themes that were surfaced.
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IBM's Q2 led by software revenue
As for the outlook, IBM projected annual revenue growth in the mid-single digit range with free cash flow topping $12 billion.
ServiceNow Q2 strong, Desai out
ServiceNow reported better-than-expected second quarter earnings and announced that president and chief product officer CJ Desai will leave the company after an internal investigation.
Salesforce, Workday form unified data foundation aimed at employee workflows
Salesforce and Workday formed a strategic partnership that revolves around a unified data foundation that connects Workday financial and HR data with Salesforce CRM data to streamline workflows.
Google Cloud Q2 revenue $10.37 billion, lands $1 billion in operating income
Google Cloud revenue for the second quarter was better-than-expected at $10.35 billion, up from $8.03 billion a year ago. Analysts were modeling $10.2 billion for Google Cloud revenue.
Meta launches Llama 3.1 450B and for Zuckerberg it's personal
Meta released Llama 3.1 405B, an open "frontier-level model" that aims performs as well as proprietary models. For Meta CEO Mark Zuckerberg, the Llama cadence is designed to play the long game and bet open-source models ultimately win.
CrowdStrike CEO called to testify before House committee
CrowdStrike CEO George Kurtz is being called to the House to testify about the global IT outage that has hampered enterprises--notably airlines like Delta--for days.
IonQ's quantum computing bets: Quantum for LLM training, chemistry and enterprise use cases
IonQ outlined it roadmap for its quantum computing stack as well as various use cases as it aims to create enterprise grade infrastructure that could offload GPU workloads if successful.
Verizon sees genAI cost savings with edge revenue in the future
Verizon is betting that its network--5G and fiber--can be the "backbone of the AI economy" with a boom of edge computing generative AI workloads on deck. The problem is Verizon hasn't seen real revenue yet but appears to be leveraging generative AI to become more efficient.
SAP Q2 cloud ERP revenue up 33%, sees restructuring hitting 9,000 to 10,000 jobs
SAP in the second quarter said its cloud revenue was up 25% and CEO Christian Klein said its Business AI efforts are "enabling many deals." The company reiterated its outlook for 2024 and raised its 2025 operating profit guidance due to efficiency efforts.
Enterprises start to harvest AI-driven exponential efficiency efforts
Enterprises are beginning to leverage AI and widen their profit moats just as some companies are seeing customers wobble. The efficiency gains are beginning to highlight how digital transformation and AI strategies are becoming self-funding, keeping expenses below the rate of inflation and optimizing processes.
CrowdStrike outage likely to hit cybersecurity's platformization pitch
Global IT outages on Friday were blamed on a faulty update from CrowdStrike and the impact hit banks, airlines and a host of other companies. But the real hit--beyond CrowdStrike's stock price--was to the platformization play being pitched by cybersecurity vendors.
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