second quarter

Oozing Investment For Amazon

by Kaamil on August 13, 2012

in Amazon, Cloud Computing, Companies, Computing, IT, Security, Stocks, Storage, Technology

Oozing Investment For Amazon Results and Background Although the results of the second quarter have not been too amazing for Amazon, Chief Financial Officer Thomas J. Szkutak has different plans for Amazon. Even after not putting up a very impressive performance, investment in cloud computing technology by the company will not stop. In fact, they have plans to further spruce up the investments in one of their major domains – cloud computing. According to unofficial reports, Amazon has plans to spend capex funds to the tune of $850 million on its cloud technology division. This is considered to be a

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IBM Share Price Climbs On Positive Financial Earnings

by cloudtweaks on July 19, 2011

in Business, Cloud Computing, Computing, Google Cloud, IBM, Invest, News, Press Release, Technology

IBM Share Price Climbs On Positive Financial Earnings – Up over 4% IBM (NYSE: IBM) announced second-quarter 2011 diluted earnings of $3.00 per share, compared with diluted earnings of $2.61 per share in the second quarter of 2010, an increase of 15 percent. Operating (non-GAAP) diluted earnings were $3.09 per share, compared with operating diluted earnings of $2.62 per share in the second quarter of 2010, an increase of 18 percent. Second-quarter net income was $3.7 billion compared with $3.4 billion in the second quarter of 2010, an increase of 8 percent. Operating (non-GAAP) net income was $3.8 billion compared

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