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Cloud, SaaS boost Oracle sales, but competition exacts costs

CIO Business Intelligence

While overall revenue including services and license support rose 4% year over year to reach $10.5 billion, net income plunged 54% to $2.3 Big reasons for the decline were operating expenses for cloud services and license support, which increased 23% to $1.3 R&D, service expenses increase. billion.

Oracle 264
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‘An easy button to get off Windows’: Amazon’s new AI moves Microsoft apps to Linux

GeekWire

At the Amazon Web Services re:Invent conference Tuesday morning, the company announced a series of new features for Amazon Q Developer , its AI assistant for software development, including one that uses AI to help companies migrate legacy Microsoft.NET applications to Linux.

Linux 133
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Amazon’s online store sales dip below 40% of net sales for first time, and other earnings notes

GeekWire

The chart below is what Amazon’s net sales look like in raw numbers over the past several years, broken down into the major business segments reported by the Seattle-based company. Here are the same results, expressed as a percentage of net sales. Amazon is undergoing a steady transformation under CEO Andy Jassy. billion.]

.Net 98
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Inside Nasdaq’s AI-fueled pivot to SaaS provider

CIO Business Intelligence

The company, which reported net revenues of $3.6 billion in 2022, derives roughly 30% of its business from its markets, trading, and exchange business — and about 40% from software sales and licensing. That’s because, says Peterson, Nasdaq’s tech stack is the best exchange software out there.

Financial 290
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Porch completes $100M Homeowners of America acquisition, doubling down on insurance market

GeekWire

Based in Irving, Texas, Homeowners of America operates in six states but is licensed to operate in 31 states. Porch cut its net loss in half in 2020, to $51.6 Those companies can pay traditional licensing fees or provide Porch with access to their customers. The company, founded in 2012, has yet to turn a profit.

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Bank downplays ties to FTX sister company in latest fallout from crypto exchange failure

GeekWire

Its net worth was $5.7 By acquiring Farmington, Moonstone received a banking charter, a business license required for financial institutions handling deposits and offering other bank-like services. He represented Moonstone as a panelist at the TF6 conference in June, a crypto event hosted by Seattle crypto accelerator TF Labs.

Banking 106
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Geek Reads v2011.1: Less Distracted, More Self-Aware

Victus pro Scientia Opus -- Food for the Knowledge

That means closing the laptop in meetings unless I'm researching something germane to the meeting, not answering e-mail while on conference calls, time-blocking better so that I can spend more time thinking deeply about our clients' challenges and less time in my Inbox and my instant messaging software.