Entrepreneurs are the ‘real heroes’ and AI is already here, says Xero’s UK managing director November 12, 2024 Alexander Von Schirmeister is not just the UK managing director of Xero, a New Zealand-based online accounting software for small businesses, he is also one of the most well-travelled people one could meet. Alex – he said he prefers to be called – grew up culturally rich. The managing director was raised in Mexico by [...]
Profit at FTSE 100 supplier Workday almost doubles November 11, 2024 Profit at the UK arm of software giant Workday almost doubled during its latest financial year, it has been revealed. The US group’s division has reported a pre-tax profit of $39.5m (£30.6m) for the 12 months to 31 January, 2024, according to newly-filed accounts with Companies House. The new figure comes after the firm posted [...]
Salesforce cuts over 450 UK jobs as profit spikes November 7, 2024 The UK arm of cloud-based software giant Salesforce cut more than 450 jobs in the year its profit jumped by over 70 per cent. The London-headquartered division of the US group decreased its headcount from 3,427 to 2,964 in the 12 months to 31 January, 2024, newly-filed accounts with Companies House have revealed. The new [...]
Dell sales slump by £500m as it sheds hundreds of jobs November 7, 2024 Sales at the UK arm of technology giant Dell were cut by almost £500m during its latest financial year as it shed hundreds of jobs, it has been revealed. The London-headquartered division of the US group has reported a revenue of £3bn for the 12 months to 2 February, 2024, down from £3.5bn. Newly-filed accounts [...]
YouGov: Recent acquisition boosts revenue November 6, 2024 YouGov has reported strong full year revenue, slightly north of guidance, due to better-than-expected performance from its recently acquired Consumer Panel Services (CPS) arm. As expected, revenue reached £335.3m in the year ended July 2024, up by 30 per cent year on year and outpacing guidance put forward in August, due to bumper research activity [...]
Google did not infringe on trademark with Youtube Shorts, rules English court October 31, 2024 Google has won a legal change over its use of 'Shorts' as a title for YouTube's video platform, created to compete with TikTok.
Google: AI investment pays off as cloud drives revenue growth October 30, 2024 Google’s parent company, Alphabet, reported increased revenue in the third quarter due to its strong performance in its Google Cloud division. In its third-quarter trading update, the company posted revenue of $88.3bn (£67.8bn), a 15 per cent increase from the second-quarter. However, growth at the firm’s core advertising business lagged the wider group. The total [...]
WPP breached law in Kenya over personal data of former CEO Scangroup October 30, 2024 Advertising giant WPP has been found liable for breaching Kenya's data protection law when handling the personal data of the former CEO of its subsidiary and man suing it for over $30m
Apple Watch Ultra 2 is the brightest and best October 23, 2024 We write a lot about watches at City AM. Watches that have been up as far as the moon. Watches that have been down as low as the Mariana Trench. The versions of these trail-blazing timepieces that end up being sold to the likes of you and I enjoy a rather less salubrious fate, adorning [...]
AI that forgets?: Meet Salesforce’s new privacy-first tech October 22, 2024 Salesforce introduces the third wave of generative AI with their intelligent 'agents'