Sage: Profit booms sends FTSE 100 tech shares flying Tech Enterprise technology firm Sage has reported a boom in revenue and profit as the UK tech champion has capitalised on artificial intelligence. Underlying operating profit at the Newcastle-based firm rose 21 per cent over the last year to £529m. Its operating profit margin grew 220 basis points to 22.7 per cent. Meanwhile, Sage’s annualised recurring [...]
Beeks: Financial cloud firm swings to profit amid ‘stronger than ever’ demand Tech Scottish financial cloud computing firm Beeks has swung to an annual profit as it reported "stronger than ever" demand for its products.
Proposals submitted for huge £3.75bn data centre in Hertfordshire Business Technology Secretary Peter Kyle has hailed a proposed £3.75bn investment in a colossal new data centre in Hertfordshire. A planning application for what would amount to one of Europe’s largest data centre campuses, at 85 acres and taking up 2m square feet of floor space, has been submitted via a new company DC01UK. Construction will [...]
Amazon Web Services plots £8bn investment in UK data centres September 11, 2024 Amazon Web Services (AWS) is planning to invest £8bn to build, maintain and operate a number of data centres in the UK over the next five years. The tech giant’s cloud division estimates the cash injection will contribute £14bn to the UK’s total gross domestic product (GDP) through to 2028, and will support an average [...]
The Crowdstrike disaster was bound to happen. The cloud is a chokepoint in our interconnected world July 23, 2024 Last week, Crowdstrike caused a global tech meltdown due to a botched software rollout. The incident should be seen as a dry run for the next time someone throws a spanner into our globally interconnected tech ecosystem, writes Andy Blackmore.
Beeks: Cloud firm ‘delighted’ with ‘record’ financial results July 22, 2024 Financial cloud computing firm Beeks hailed its delivery of another year of double digit growth thanks to its "strong" performance across its private and exchange cloud divisions.