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Palantir's commercial annual revenue run rate is closing in on the company's government business as Palantir Artificial Intelligence Platform (AIP) gains enterprise traction.
The upcoming parity point between commercial revenue and Palantir's core government business is worth watching. In the third quarter, Palantir commercial revenue grew 23% to $251 million with US revenue growing 33% to $116 million. Government revenue grew 12% to $308 million in the third quarter.
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SAP launched SAP Build Code development tools that leverage generative AI and court Java and JavaScript developers as well as connect to data stores across the enterprise.
At SAP's TechEd 2023 conference, SAP outlined a series of tools that aim to enable developers to build applications and connect them to the SAP Business Technology Platform. These pro code tools, which build on last year's low code/no code rollout, feature the following:
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ServiceNow CEO Bill McDermott said workflow and process optimization are blending as enterprises shift away from siloed data and infrastructure to focus on transforming operations with new technologies such as generative AI.
McDermott, speaking during ServiceNow’s industry analyst day, closed out sessions with ServiceNow executives who outlined generative AI plans, strategy, target industries and returns on investment.
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Snowflake consolidated its AI and machine learning efforts with Snowflake Cortex, a managed service that provides access to large language models (LLMs), AI models and vector search in one place and includes Snowflake Copilot, Document AI and Universal Search.
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AMD's third quarter financial results were better than expected, but the outlook for the fourth quarter was lighter than expected. AMD CEO Dr. Lisa Su said "our data center business is on a significant growth trajectory" due to its EPYC server processors and Instinct MI300 accelerator shipments.
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While generative AI dominated the talking points among the big three cloud hyperscalers--Microsoft Azure, AWS and Google Cloud--there was a term that remained a close second: Optimization.
All three talked about cloud optimization as they have for the past year. CEOs are loathe to say things like cost cutting in the context of cloud, but there is certainly an ongoing tweaking of spending.
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McDonald's said its strong third quarter results were in part driven by digital sales and more than 57 million 90-day active members in its MyMcDonald's rewards program.
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Constellation Research hosted Constellation Connected Enterprise at Half Moon Bay, California, October 24-26.
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Generative AI has its benchmark use case: Developer productivity. Why? Software engineers are pricey and the returns on multiple fronts--costs, developer engagement and overall value creation--are hard to ignore.
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Intel handily topped third quarter expectations as the company's PC business stabilized.
The company reported third-quarter earnings of 7 cents a share on revenue of $14.2 billion, down 8% from a year ago. Non-GAAP earnings for the quarter were 41 cents a share.
Wall Street expected Intel to report non-GAAP earnings of 22 cents a share on revenue of $13.6 billion.
While Intel isn't the juggernaut it once was, the company appears to be rebounding.
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Amazon Web Services third quarter revneue was up 12% from a year ago to $23.1 billion with operating income of $7 billion.
AWS was expected to report revenue of $23.2 billion.
For comparison, Microsoft Azure delivered revenue growth of 29% and Google Cloud's growth was 22%.
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Opaque Systems, a software startup focused on confidential computing, has named Aaron Fulkerson as CEO. Fulkerson most recently ran ServiceNow's Impact unit and was Founder and CEO of MindTouch, which was acquired by Nice Systems.
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Last night at the 13th annual awards Gala at CCE, our team unveiled the winners of the 2023 SuperNova Awards. After a decade of hosting the award, this year's winning teams and leaders particularly stood out for their business impact, creativity, and ability to lead sustaining innovation amidst the boom of generative AI, rising inflation, and a chaotic global environment.
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isolved held its largest customer and partner conference, Connect, in Palm Desert, California, in October 2023, and Constellation Research was invited. It was able during the event to assess the progress of the vendor, evaluate strategy, and talk in depth with customers and partners.
IBM reported better-than-expected third quarter results as software revenue grew 8%.
The company reported third quarter earnings of $1.7 billion, or $1.86 a share, on revenue of $14.8 billion, up 4.65% from a year ago. Non-GAAP earnings for the quarter were $2.20 a share.
A consensus of Wall Street analysts estimated that the company would earn $2.13 per share on $14.73B in revenue.
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ServiceNow raised its outlook for 2023 as its third quarter subscription revenue grew 27% and the company ended the quarter with 49 customers with more than $20 million in annual contract value.
The company reported third quarter earnings of $242 million, or $1.17 a share, on revenue of $2.29 billion, up 25% from a year ago. Non-GAAP earnings in the quarter were $2.92 a share. Analysts were expecting non-GAAP third quarter earnings of $2.55 a share.
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The post-AI business model will revolve around vast unique data sets and collectives that create value chains that monetize new services. The companies that are successful will lead in the future.
That's the upshot from Constellation Research CEO Ray Wang. Speaking at Connected Enterprise 2023, Wang said:
"We don't have enough data to make AI work. Billions of dollars will be wasted on AI implementation without a data strategy."
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Constellation Research analysts outlined a series of predictions for the years ahead at Constellation Research Connected Enterprise 2023.
CEO Ray Wang was moderating an early panel at CCE with our merry band of analysts about predictions. He was put on the spot and asked about ERP in the next 10 years. Wang's reply: "It'll still be here."
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Global Teams Recognized for Stunning Digital Initiatives, Utilizing Innovative TechnologiesCUPERTINO, Calif. – October 25, 2023 – Constellation Research, Inc. today announced the winners of its 13th annual SuperNova Awards, a prestigious recognition for teams building innovative and disruptive programs to create business transformation. The winners were announced at the company’s annual conference Connected Enterprise on October 25.
Press Release
Microsoft reported better-than-expected fiscal first quarter results as its cloud services posted strong growth led by Azure revenue, which was up 29% from a year ago.
The cloud software giant reported first quarter earnings of $22.3 billion, or $2.99 a share, on revenue of $56.5 billion, up 13% from a year ago. Wall Street was expecting Microsoft to report first quarter earnings of $2.65 a share on revenue of $54.50 billion.
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Alphabet's Google Cloud unit delivered third quarter revenue of $8.4 billion, up 22% from a year ago, with an operating profit of $266 million.
Wall Street was expecting Google Cloud to report revenue of $8.64 billion.
Alphabet's reported third quarter earnings of $19.69 billion, or $1.55 a share, on revenue of $76.7 billion, up 11% from a year ago.
Wall Street was expecting third quarter earnings of $1.45 a share on revenue of $76.69 billion.
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Ingram Micro's Chief Digital Officer Sanjib Sahoo said his company is approaching its transformation through a lens of DigiOps, which should prioritize business value and then looks to technologies to enable it.
Speaking at Constellation Research's Connected Enterprise 2023, Sahoo talked to Constellation Research CEO Ray Wang about transformation, leadership and how Ingram Micro has gone digital.
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IBM said it acquired Manta Software, a data lineage startup, so it can add data lineage tools to its watsonx lineup.
Terms of the deal weren't disclosed. Manta Software, founded in 2016, is based in Prague.
According to IBM, the plan is to use Manta Software's ability to map data flows, sources and dependencies and enable watsonx to boost transparency of data used in models and systems and provide an audit trail.
IBM and Manta have been partners since June 2022.
Manta Software customers include Bank of Montreal, T-Mobile and J.B. Hunt.
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