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Atos staves off bankruptcy, casts wider net for refinancing

CIO Business Intelligence

In 2023, the company made a net loss of €3.4 billion, compared to a net loss of €1 billion on revenue of €11.3 It also forecast at least one more year of declining revenue, before a return to slow growth in 2025 and a slight acceleration, to 6.2%, in 2026. billion on revenue of €10.7 billion in 2022.

.Net 105
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Quantum hardware startup Rigetti Computing to go public in $1.5B SPAC deal with ex-Zillow CEO

GeekWire

“In the next decade one Rigetti quantum computer could be more powerful than today’s entire global cloud,” Rigetti said in a statement. 31, 2021, and a net loss of $26.1 It estimates revenue to grow to $288 million by 2025, and $594 million by 2026. “Rigetti is the leading innovator in this space.

Hardware 142
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IT services company Atos plans IBM-style split

CIO Business Intelligence

IBM was still broadly profitable when it split, having made a net profit of $5.7 billion in 2021, and saw the move as a way to free its high-growth cloud business from slower-growing legacy and maintenance activities. Prior to that, Oliva spent almost two decades with IBM, much of it managing cloud and hybrid services.

IBM 98
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IT services company Atos finalizes plan for IBM-style split

CIO Business Intelligence

The deal will spell an end to the current one-stop shop for IT services that it offers its enterprise customers, but will free up capital and cash-flow for it to invest in more modern activities: digital transformation , smart digital platforms, cloud technology, cybersecurity, high-performance computing and AI.

IBM 98
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Nokia layoffs 2023 to hit 14,000 employees

Dataconomy

billion) over the following several years by the end of 2026. When evaluated in constant currency, Nokia’s net sales fell 15% year on year during the third quarter of 2023. “I Cloud computing and AI revolutions will not happen without significant investment in networks that have vastly improved capabilities,” he added.

Network 41
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Can the telecoms industry power down its impact on the environment?

TM Forum

As the industry stands on the cusp of growth in 5G services and cloud-based edge computing, we thought it would be useful to take a look at the problem of energy consumption and the extent innovation can decouple it from the growth in data usage. The GSMA has set a goal for the mobile industry to reach net-zero carbon emissions by 2050.

Industry 130
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Digital twins are primed to revolutionize the infrastructure industry

CIO Business Intelligence

By 2026, the global digital twin market is expected to reach $48.2 The industry is now moving toward integrated suites of tools and industry clouds, which open the door to new business models, industry ecosystems, and more collaborative ways of working. Digital twin use cases and ROI.

Industry 145