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Workday reported better-than-expected third quarter earnings and raised its outlook for the fiscal year.
The cloud HR and finance application company reported third quarter earnings of 43 cents a share on revenue of $1.87 billion, up 16.7% from a year ago. Subscription revenue for the quarter was up 18.1% from a year ago. Non-GAAP earnings were $1.53 a share.
Insight Blog
Amazon Web Services made the case at re:Invent that it should be your complete AI stack with Amazon Q, a horizontal generative AI tool that will be embedded throughout AWS and backed up with Amazon Bedrock and infrastructure for model training and inference powered by Trainium and Inferentia processors.
Insight Blog
Amazon Web Services launched Graviton4, its custom chip for multiple workloads, with big improvements over last year's Graviton3. AWS also launched the latest versions of its Trainium and Inferentia processors, two GPUs that may be able to bring the price of model training down.
The takeaway: AWS plans to push its custom silicon cadence to gain more workloads even as it partners with big guns such as Nvidia, Intel and AMD.
Insight Blog
Monday night, Nov. 27, at Re:Invent 2023, AWS’ Peter DeSantis, SVP of Utility Computing, announced two important database features: Amazon Aurora Limitless Database and Redshift Serverless AI Optimizations. Here's my analysis.
Analyst Blog
Alianza and Amazon Web Services (AWS) signed a multi-year partnership to enable traditional communication service providers to deliver and monetize voice and cloud communications services.
Insight Blog
Amazon Web Services launched Amazon One Enterprise, a palm-based identity service that aims to make palm-reading a mainstream way to enter buildings, improve security and verify credentials.
AWS said Amazon One Enterprise is being used by Boon Edam, IHG Hotels and Resorts, Paznic, and KONE. The service is in preview in the US and pricing wasn't immediately available. Amazon One Enterprise's FAQ is worth checking out for various details on enrollment, security and device setup.
Insight Blog
Amazon Web Services rolled out Braket Direct, a service that allows researchers to procure dedicated private access to quantum processing units from providers such as IonQ, Oxford Quantum Circuits, QuEra, Rigetti, or Amazon Quantum Solutions Lab.
Insight Blog
I'm excited to be live from AWS re:Invent 2023 in Las Vegas This year's event is packed with announcements about the leading-edge of cloud computing and the hot topic of the year, generative AI. It's also rife with opportunities for cloud professionals to learn and grow. From a CIO perspective, I'm particularly interested in the keynotes, innovation talks, and builder labs to show where the AWS as a platform is heading for IT leaders.
Analyst Blog
Amazon Web Services and Salesforce expanded their partnership in a deal that will put Salesforce applications on AWS Marketplace, integrate Amazon Bedrock into Salesforce's ecosystem and better connect Salesforce Data Cloud to AWS services.
Insight Blog
Fiona Tan, CTO of Wayfair, said alignment between business and technology is critical--especially when navigating a demand surge and a pivot to efficiency. The key to navigating the change is to have a platform mindset.
Insight Blog
This Thanksgiving I'll be thankful that I won't have to care (even slightly) about who is running OpenAI. The saga is over (until it isn't). Sam Altman is back as OpenAI CEO.
You really can't make this up. But you can question who is driving a technology as important as generative AI. For now, any enterprise customer of OpenAI can stop wondering if the company and its APIs will exist.
On X, Altman said (punctuation his):
Insight Blog
Master Data Management Vendor Stibo Systems Highlights GenAI Innovation, Sustainability Differentiation
Stibo Systems introduces GenAI-powered Product Experience Management offering and advances in managing sustainability and compliance data.
Analyst Blog
HP's fourth-quarter sales were light relative to expectations as personal systems revenue fell 8% from a year ago. HP's results are closely watched for signs of a PC recovery.
The company reported fourth-quarter earnings of 97 cents a share, or 90 cents a share non-GAAP, on revenue of $13.8 billion, down 6.5% from a year ago.
Insight Blog
Nvidia crushed third quarter estimates on the top and bottom lines as data center revenue was up 279% from a year ago. Nvidia also projected fourth-quarter revenue of $20 billion, up from $6.05 billion a year ago.
The company reported third quarter net income of $9.24 billion, or $3.71 a share, with revenue of $18.12 billion, up 206% from a year ago. Non-GAAP earnings were $4.02 a share.
Insight Blog
Dairyland Power Cooperative, a La Crosse, Wis., is a utility designed to serve rural areas and supply power to customers in four states. It also sits in the middle of multiple trends including energy transition, sustainability and the convergence of information and operational technologies.
Insight Blog
Zoom Video Communications reported better-than-expected third quarter as the company saw strong usage of its AI capabilities and better retention of small business customers.
The company reported third-quarter earnings of $141.2 million, or 45 cents a share, on revenue of $1.136.7 billion. Non-GAAP earnings in the quarter were $1.29 a share.
Insight Blog
Critical and creative thinking, problem solving, and design are the top skills employers are banking on as generative AI is widely adopted through 2028, according to an Amazon survey.
The survey, which lands roughly a week ahead of AWS' re:Invent conference, was based on 1,340 employers and 3,297 employees in the US.
Insight Blog
DisrupTV Episode 343: Innovating with Purpose and Performance
In DisrupTV Episode 343, hosts R “Ray” Wang and Vala Afshar engage in a dynamic conversation with two distinguished leaders who are at the forefront of innovation and performance:
Video
In a boardroom drama designed for the TikTok generation, Sam Altman was ousted as CEO of OpenAI, negotiated for a return and then landed at Microsoft along with Greg Brockman to lead an "advanced AI research team." The fact Microsoft CEO Satya Nadella moved so quickly illustrates the high stakes.
Nadella said on X that it will remain a partner of OpenAI, led CEO Emmett Shear, Co-founder of Twitch, but added Altman and Brockman. Perhaps the biggest takeaway--at least for Microsoft's market cap--is that Nadella said:
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With holiday shopping season underway, retailers see uncertain consumer spending, better inventory positions, lower supply chain costs and customer experience investments they hope deliver.
Adobe is forecasting US online holiday sales of $221.8 billion (Nov. 1 through Dec. 31) in 2023. Salesforce noted that 2023 is all about keeping loyal customers happy and focusing on the experience metrics that matter.
Insight Blog
Sam Altman just faced his Steve Jobs moment when the OpenAI board fired him on Friday.
The balance between too much governance and not enough innovation was the challenge OpenAI faced. This was a very immature board with members who had never built companies, never moved from ideology to commercialization, nor had any pragmatic board experience.
Analyst Blog
At Microsoft's Ignite 2023 conference the company fleshed out its generative AI offerings and strategy and, in some places, put some serious distance between it and the competition.
Here's a look at three Ignite 2023 takeaways. Also see the following for coverage:
Analyst Blog