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Atos staves off bankruptcy, casts wider net for refinancing

CIO Business Intelligence

Atos may have won a few extra months to find a long-term solution to its financial problems after reaching interim agreements with banks, bondholders, and the French government to provide €450 million (US$490 million) in additional liquidity. In 2023, the company made a net loss of €3.4 billion on revenue of €10.7 billion in 2022.

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Pursuing A New Future of Innovation Through Digital Banking Strategy

CIO Business Intelligence

How has banking evolved during the rapid digitisation of recent years? Banks are no longer the key players in the market, with fintech companies, digital-first start-ups, and tech giants delivering their own brand of financial services. One example is Banking-as-a-Service, with the market expected to reach US$3.6

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Pursuing A New Future of Innovation Through Digital Banking Strategy

CIO Business Intelligence

How has banking evolved during the rapid digitisation of recent years? Banks are no longer the key players in the market, with fintech companies, digital-first start-ups, and tech giants delivering their own brand of financial services. One example is Banking-as-a-Service, with the market expected to reach US$3.6

Banking 94
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Emirates NBD drives sustainability goals with Microsoft partnership

CIO Business Intelligence

Emirates NBD has collaborated with Microsoft to successfully implement Microsoft Sustainability Manager, a Microsoft Cloud for Sustainability solution, to drive digital transformation in its sustainability operations.

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Cloud, SaaS boost Oracle sales, but competition exacts costs

CIO Business Intelligence

Cloud services and sales of SaaS applications boosted Oracle revenue for its last fiscal quarter, but the price of keeping up with the leading hyperscale cloud providers dragged down overall profit. Oracle did have results to brag about, in terms of growing its cloud user base. billion, net income plunged 54% to $2.3

Oracle 101
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Microsoft’s carbon footprint keeps growing as AI drives data center expansions

GeekWire

But four years in, the carbon footprint for the cloud, software and gaming giant keeps expanding. As its carbon impact expanded, the company reported a net income of $72.4 The water is used primarily to cool the banks of computers in its data centers. of its cloud computer servers and other components.

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Step 1 to becoming a business-savvy CIO

CIO Business Intelligence

For example, if you are in banking, your organization is likely to measure itself by profitability ratios such as net interest margin (the difference between interest income generated and interest expenses) or PCL (provision for credit losses). Both examples show business awareness. The IT project delighted everyone.

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