infotech

Microsoft Reports Record Quarter with Revenue Surging to $61.9 bn

Software major Microsoft has disclosed its impressive financial performance for the quarter ending March 31, 2024. Microsoft’s revenue rose 17 percent to $61.9 billion. Microsoft’s operating...

Amazon plans $11 bn investment in Indiana for data centers

Amazon Web Services (AWS), the leading cloud service provider, will invest $11 billion in Indiana to build data centers, promising at least 1,000 jobs. Amazon...

Happiest Minds Technologies Acquires PureSoftware for $94.5 mn

Happiest Minds Technologies has finalized an agreement to acquire PureSoftware Technologies for $94.5 million (approximately Rs 779 crore). This strategic move marks a significant...

IBM to Acquire HashiCorp in $6.4 bn Deal, Boosting Cloud-Based Software Portfolio

International Business Machines (IBM) has announced its intention to acquire HashiCorp in a deal valued at $6.4 billion. This move aims to bolster IBM’s cloud-based...

Cisco Discloses Cyber Attack on Government Networks

Cisco Systems has revealed that hackers managed to exploit vulnerabilities in its digital security devices, gaining unauthorized access to government networks worldwide. The breach,...

AI-Powered Cloud from Microsoft Poses Threat to Amazon’s Dominance

There are indications that Microsoft is closing the gap on cloud leader Amazon.com, propelled by the adoption of its AI-powered services by businesses. This...

NVIDIA buys orchestration software provider Run:ai

NVIDIA has entered into an agreement to acquire Run:ai, a Kubernetes-based workload management and orchestration software provider. NVIDIA did not reveal the financial details of...

IT Services Industry Faces Sluggish Growth due to Lower Tech Spending

The information technology (IT) services sector is likely to see a second consecutive year of sluggish growth in fiscal 2025, with revenue seen rising...

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