Latest finance publications

IBM revenues continue to drop but cloud strategy pleases Wall Street

IBM has released its third quarter results, beating Wall Street predictions on earnings per share (EPS), despite a continued drop in revenue. The legacy computing giant saw its 22nd straight quarter of decline in revenue, but witnessed progress in cloud computing and what it calls its ‘strategic imperatives.’ The improved results in these areas and a… Read More

SEC report shows data centre mismanagement may have allowed hack

The U.S. Securities and Exchange Commission (SEC) has released a report finding that it mismanaged its data centres in 2008, which may be connected to the 2016 hack of its EDGAR system. The SEC-authored report is damning of the organisation’s own behaviour, discovering many instances of poor practices and wasted funds. A full report was not… Read More

SEC files charges against creator of two ICOs

The U.S. Securities and Exchange Commission (SEC) has filed charges against the creator of two initial coin offerings (ICOs), on the basis that they were fraudulent. ‘REcoin’ and ‘DRC’ (‘Diamond Reserve Club’), both run by Maksim Zaslavskiy, were supposedly backed by investment in real estate and diamonds respectively and were marketed as having all the makings… Read More

How cloud and data centre technologies will evolve in the finance sector

Ahead of his appearance at Cloud Expo Asia and Data Centre World Asia, Fritz Perpignand, Group CTO HDCS CloudServe APAC Lead at Credit Suisse, discusses the changing role of cloud and data centre technologies in the financial services sector, both in the APAC region and worldwide Looking at the way in which cloud solutions can… Read More

Google Cloud spurs Alphabet revenue growth

Google’s parent company Alphabet has released its second quarter financial report, showing revenues of $26 billion, an increase of 21% on the same period last year. The strong performance comes in spite of a hefty fine from the European Commission in June this year. The report illustrates the growth in particular areas of the business such as… Read More

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