Reuters Amazon.com reported quarterly results above Wall Street39;s expectations on Tuesday, as interest in artificial intelligence helped drive cloudcomputing growth. CEO Andy Jassy told analysts that for Amazon there is a big opportunity in front of us in servicing AI customers. Shares of the Seattlebased ecommerce and tech company climbed less than 2 in extended trade […]

Firstquarter full price sales up 5.7 Expects sales to dip in Q2 due to tough comparative Still expects sales growth of 2.5 in full 202425 year Keeps profit forecast of 960 mln stg LONDON, May 1 Reuters British clothing retailer Next on Wednesday kept its forecast for annual profit after reporting a 5.7 rise in firstquarter […]

Middle East economic volatility continues to impact sales Adverse weather impacts demand in Q2 in the U.S. Slowerthanexpected recovery persists in China Shares fall 12 in afterhours trade Reuters Starbucks on Tuesday cut its annual sales forecast after reporting a fall in samestore sales for the first time in nearly three years, as it struggles with […]

Sale via block trade at A5.22 apiece Endeavour shares fall as much as 5 Stake sale timing slightly unusualanalyst May 1 Reuters Australian retailer Woolworths said on Wednesday that it would sell a 5 stake worth A468 million 302.84 million in Endeavour Group, almost three years after spinning out the liquor store and pub operator. The […]

Reuters Three of the Wall Street39;s heavyweight technology firms have reported betterthanexpected sales at their cloud computing units in recent days, as interest in artificial intelligence drives a rebound in spending by corporate customers. Growth in the 270 billion cloud infrastructure market, a cash engine for Amazon.com, Microsoft and Alphabet, gives the clearest sign yet that […]

Reuters A federal appeals court on Tuesday overturned a judgment requiring IBM to pay rival BMC Software 1.6 billion, after a judge found IBM improperly replaced BMC39;s mainframe software at ATT with its own. The 5th U.S. Circuit Court of Appeals in New Orleans said a lower court judge39;s determination concerning liability was in error. Writing for […]

Reuters Advanced Micro Devices forecast AI chip sales on Tuesday that failed to impress investors, knocking its stock down about 7 in extended trade. Chief Executive Officer Lisa Su told analysts on a conference call that AMD expects AI chip sales of roughly 4 billion for 2024, an increase of 500 million from its prior estimate […]

BENGALURU, May 1 Reuters India39;s Godrej family has decided to restructure its shareholding in the conglomerate to operate as two entities, Godrej Enterprises and Godrej Industries, according to a filing late on Tuesday. The realignment will be implemented after the relevant regulatory approvals have been obtained, after which the two companies will continue to use […]

BANGKOK, May 1 Reuters Microsoft will open its first regional data centre in Thailand, the tech giant said on Wednesday, as it looks to boost availability of cloud services. The news comes a day after Chief Executive Satya Nadella announced investments worth 1.7 billion investments in artificial intelligence AI and cloud facilities in neighbouring Indonesia. The datacenter region […]

May 1 Reuters China39;s Huawei Technologies HWT.UL has moved the highprofile chief of its consumer business, Yu Chengdong, to a new role as chair of the unit, two people with knowledge of the matter said. While Yu becomes chairman, He Gang, the consumer business group39;s chief operating officer, will take over as the unit39;s CEO, […]