Global

Cloud Growth – Cisco posts 79 percent jump in quarterly profit

by cloudtweaks on August 12, 2010

in Business, Cloud Computing, Invest, IT, Stocks, Technology, Trends

Cisco Systems CEO John Chambers on Wednesday reported strong revenue and profit — as well as thousands of new hires around the globe, including hundreds in San Jose — but his upbeat comments came amid “mixed signals” from customers nervous about the wobbly global economy. On a day markets plunged on worries about a stalling economic recovery, Cisco, the San Jose maker of the plumbing for the Internet, reported a $1.9 billion profit for its fourth quarter, a 79 percent increase from the same period a year earlier. Earnings were 33 cents a share, or 43 cents a share excluding

ENJOY THE FULL ARTICLE!

Gartner creates Cloud Council. Good news for both Cloud Computing Vendors and Users

by cloudtweaks on July 12, 2010

in Business, Cloud Computing, Computing, Government, Host, IT, News, Security, Technology

A good move as Gartner moves forward to create a Cloud Computing council which will help both Vendors and Customers. GARTNER GLOBAL IT COUNCILS Gartner has established two Global IT Councils — one on cloud computing and one on IT maintenance. Each of the Global IT Councils has been tasked with developing a set of basic rights and/or responsibilities for their specific area of technology. Members have discussed the issues candidly and in depth, and offered their real-world observations about problems in these areas, as well as practical, actionable recommendations for resolving them. Gartner Global IT Council: Cloud Services The

ENJOY THE FULL ARTICLE!