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Surge in AI server demand from cloud service providers: TrendForce

TrendForce’s latest industry report reveals a sustained high demand for advanced AI servers from major cloud service providers (CSPs) and brand clients, projected to...

IBM revenue reaches $15.8 bn with 56.8% profit margin in second-quarter

IBM has revealed that its revenue rose 2 percent to $15.8 billion with gross profit margin of 56.8 percent during the second quarter of...

Surge in Gaming and Smart Monitor Markets Projected for 2024

New insights from Omdia’s Desktop Monitor Intelligence Service indicate that the gaming monitor market, featuring refresh rates over 120Hz, is set to grow by...

HCL Technologies CEO C Vijayakumar fetches $10.06 mn in salary

HCL Technologies has reported that its CEO C Vijayakumar’s total remuneration for the fiscal 2023-24 was $10.06 million or around ₹84.16 crore. HCL Technologies, in its...

Tech distributor revenue steady at $19.5 bn, driven by AI and software sales

Technology distributor revenue remained unchanged at $19.5 billion in the second quarter of 2024 (2Q24), according to IDC North America Distribution Tracker (NADT). This stability...

Atos appoints Jean Pierre Mustier as CEO amid financial restructuring

French technology company Atos has announced the appointment of Chairman Jean Pierre Mustier as its new CEO, succeeding the departing Paul Saleh. This leadership...

Fortune 500 cos to face $5.4 bn in losses from CrowdStrike outage

Fortune 500 companies, excluding Microsoft, are expected to incur $5.4 billion in financial losses due to the recent tech outage caused by CrowdStrike’s faulty...

CrowdStrike reveals cause of tech outage affecting global industries

CrowdStrike, the US-based cybersecurity firm, has officially disclosed the cause of the widespread tech outage that impacted several industries globally. The cyber security company announced...

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