Latest news with #cloudtechnology
The Independent
7 hours ago
- Business
- The Independent
Amazon Web Services to provide US government $1B in savings
The General Services Administration (GSA) has announced an agreement with Amazon Web Services (AWS) projected to save the government $1 billion by the end of 2028. This partnership aims to modernize federal agencies by facilitating the adoption of cloud technology, advanced AI, and providing essential training. GSA Acting Administrator Michael Rigas confirmed the deal, stating it is part of the administration's OneGov Strategy, which focuses on government procurement. The agreement emerges as tech companies, including Amazon, have sought to align with the administration, with Amazon having contributed $1 million to the president's inauguration committee. In a separate initiative, GSA also partnered with Google, securing a temporary 71 percent price reduction for Google Workspace for federal agencies.
The Independent
9 hours ago
- Business
- The Independent
Prime Day special: Amazon gifts Trump team a $1B coupon to let Bezos' company host federal websites
The General Services Administration has announced an agreement with Amazon Web Services that would give the government $1 billion worth of savings to adopt cloud technology, modernization and training for federal agencies through the end of 2028. The move comes as the company has taken steps to comply with the Trump administration, such as purging warehouses of foreign workers who lost their work authorizations, and CEO Jeff Bezos reportedly trying to fill the gap left by the departure of Elon Musk from the president's inner orbit and subsequent fallout. At the same time, the Trump administration sued Amazon and EBay for selling knock-off Trump merchandise. Amazon also contributed $1 million to the president's inauguration committee and attended Trump's swearing in under the Capitol Rotunda alongside Meta CEO Mark Zuckerberg and Sundar Pichai, the CEO of Google. GSA Acting Administrator Michael Rigas made the announcement on Thursday, saying that the partnership with Amazon would modernize out-of-date web systems. 'Through this new agreement with AWS, federal agencies will be able to enhance delivery of critical services, leverage cloud and advanced AI technologies, and dramatically reduce costs. I want to thank Deputy Administrator Ehikian and Commissioner Gruenbaum for their leadership in bringing this agreement to fruition,' Rigas said in a statement. The initiative is part of the GSA under the Trump administration's OneGov Strategy, which focuses on how the federal government purchases goods and services. 'We're creating a more consistent, scalable, and efficient way to buy technology—one that benefits agencies, OEMs, and taxpayers alike. We expect this approach to have similar success and benefits across other categories,' Josh Gruenbaum, Commissioner of GSA's Federal Acquisition Service, said in the same statement. The release said that GSA also partnered with Google, which offered to temporarily reduce the price of Google Workspace for federal agencies by 71 percent. 'GSA will continue to engage with agency and industry stakeholders to implement the strategy in a flexible, collaborative way,' the statement said. 'As a result of this and other initiatives, GSA will become the governmentwide hub for shared IT services.' The move comes as technology companies have increasingly attempted to ingratiate themselves with the president. On Wednesday, Trump announced a 100 percent tariff on computer chips, but said that companies that moved to make chips in the United States would be spared the import tax. This came the same day that Trump and Apple CEO Tim Cook announced that Apple would invest $100 million in US manufacturing ahead of the tariffs hitting technology companies. Cook's announcement happened the day before Trump's 'reciprocal tariff' rates would begin. Much of the company's manufacturing still takes place in China. The Trump family has also been welcomed into Bezos's inner circle. In June, Jared Kushner and Ivanka Trump – the president's son-in-law and daughter, respectively – attended Bezos's wedding in Venice.
Finextra
2 days ago
- Business
- Finextra
Maybank signs RM1bn digital transformation deal with Microsoft
Malaysia's largest financial institution Maybank, has agreed a deal with Microsoft that will see the tech firm spearhead the bank's digital transformation 0 This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. The deal, which will apply to Maybank's brnaches across the region, could be worth RM1bn ($226m) over the next five years and will involve the use AI and cloud technologies as Maybank looks to overhaul its tech stack. The digital transformation will also see Maybank migrate to Microsoft 365 as well as the tech firm's cloud platform Microsoft Azure which will be used to support Maybank's "most strategic systems and workloads", according to a statement. Such a move will enable Maybank to accelerate its innovaiton cycles and also be more resilient and cost-efficient in a technology sense. "This strategic partnership with Microsoft is a leap forward in our digital transformation journey beyond our M25+ strategy," said Dato' Sri Khairussaleh Ramli, Maybank's president and group CEO. "It's not just about technology; it's about thinking ahead on how we can better serve our customers and create long-term value."
Yahoo
3 days ago
- Business
- Yahoo
BHIRAJ BURI GROUP Selects Yardi Platform to Unify Operations Across Real Estate Portfolio
Bangkok-based property company to leverage cloud technology for improved efficiency and scalability BANGKOK, Aug. 5, 2025 /PRNewswire/ -- BHIRAJ BURI GROUP, a leading property developer and asset management company in Thailand, has selected Yardi® to modernise and streamline operations across its diverse portfolio of Grade-A office buildings, coworking and serviced office spaces, exhibition and convention venues, and lifestyle retail properties throughout Thailand. With Yardi's cloud-based real estate platform, BHIRAJ BURI GROUP will streamline operations, automate processes, and have better visibility into projects with real-time data. The integrated solution will modernise leasing and finance processes, enhance reporting, and support smarter, data-driven decisions. These improvements will deliver a faster and more responsive experience for tenants and stakeholders, while supporting long-term growth with scalable, future-ready technology. "Partnering with Yardi is a major step forward in our commitment to innovation," said Pitiphatr Buri, CEO of BHIRAJ BURI GROUP. "We were looking for a platform that could provide full visibility across our operations while supporting long-term growth. Yardi's integrated, scalable technology gives us the tools we need to stay ahead in a competitive market." "BHIRAJ BURI GROUP's adoption of Yardi's real estate technology will unlock new levels of efficiency and insight into its portfolio," said Bernie Devine, senior director for Yardi. "We look forward to supporting their digital transformation journey and helping to streamline operations and provide the flexibility to scale and adapt as the market evolves." See how Yardi can help your digital transformation with a cloud-based BHIRAJ BURI GROUP BHIRAJ BURI GROUP (BBG) is a leading Thai asset development and management company with over 40 years of experience in the commercial real estate sector. With more than 790,000 sqm of gross floor area across Bangkok's strategic locations, BBG is dedicated to transforming spaces into places through its Work–Live–Play–F&B business principle. Work: A diverse portfolio of thoughtfully designed workplaces and venues created to enhance well-being, productivity and long-term value. Live & Play: Inclusive, lifestyle-driven places that promote wellness, creativity and community for all ages. F&B: Curated food and beverage experiences across BBG developments that encourage connection, relaxation and a strong sense of community. BBG remains committed to delivering high-quality commercial developments and integrated solutions that generate long-term value for all stakeholders, while enhancing the urban experience through inclusiveness and sustainability. Learn more at About Yardi Yardi® develops industry-leading software for all types and sizes of real estate companies across the world. With over 9,500 employees, Yardi is working with our clients to drive significant innovation in the real estate industry. For more information on how Yardi is Energised for Tomorrow, visit View original content: SOURCE Yardi
Globe and Mail
30-07-2025
- Business
- Globe and Mail
DocuSign vs. Spotify: Which Digital Pioneer Delivers More Value?
DocuSign DOCU and Spotify SPOT are both digital leaders that operate on scalable, subscription-based business models with large, global user bases. DocuSign revolutionizes the way agreements are prepared, signed and managed electronically, enabling seamless workflows for individuals and enterprises. Spotify, on the other hand, dominates the audio streaming space, offering music and podcasts to millions of users worldwide. Both companies leverage cloud technology and data-driven personalization to enhance user experience and drive engagement. Their platforms are widely adopted across industries and geographies. This positions them as essential tools in the modern digital economy. The Case for DOCU Docusign continues to enhance its Intelligent Agreement Management (IAM) platform, strengthening its integration capabilities with enterprise powerhouses like Microsoft MSFT and Salesforce CRM. These collaborations are not just cosmetic; they are core to the company's mission of optimizing agreement workflows and delivering AI-driven insights that improve the end-user experience. By embedding itself more deeply into tools already familiar to business clients — such as Microsoft 365 and Salesforce's CRM suite — Docusign enables seamless agreement management within platforms that enterprises use daily. This integration simplifies contract processes, accelerates decision-making, and creates a unified ecosystem where legal, sales, and procurement teams can collaborate efficiently. The IAM platform's growing synergy also highlights Docusign's commitment to positioning itself as more than an e-signature solution; it's becoming a comprehensive digital agreement hub. Whether a user is drafting a contract within Microsoft Word or managing client pipelines in Salesforce, Docusign's IAM helps ensure that documents move swiftly through automated, intelligent workflows. These platform partnerships also deepen customer reliance on DOCU's services, anchoring it within critical enterprise infrastructure. As more businesses seek to modernize agreement processes, Docusign's integrations with Microsoft and Salesforce are proving instrumental in extending reach, improving retention and reinforcing its competitive edge in the SaaS landscape. DOCU solidified its leadership in the e-signature market with a strong first-quarter fiscal 2026 performance. It recorded $764 million in total revenues, an 8% year-over-year increase. Impressively, $746 million of that came from subscriptions, highlighting the stability of its SaaS model. Subscription growth, driven in part by Microsoft and Salesforce-aligned services, reflects how enterprises are deepening their usage of Docusign across contract lifecycles. Net revenue retention improved to 101%, suggesting that customers are spending more on the platform. Though billings growth slowed to 4%, it was more indicative of extended renewal cycles than weakening demand. What stands out is Docusign's profitability and capital discipline. The company generated $228 million in free cash flow in the first quarter, translating to a healthy 30% margin. As integrations continue to enhance customer value, the company has also committed to shareholder returns, expanding its buyback authorization. These strategic moves suggest that DOCU is not only focused on growth but also on delivering sustained value. With Microsoft and Salesforce reinforcing its relevance across enterprises, and strong free cash flows backing that momentum, Docusign remains well-positioned to maintain its dominance while evolving into a broader digital agreement ecosystem. The Case for SPOT Spotify continues to enhance its platform with innovative features that deepen user engagement and broaden its global footprint. Since the introduction of its AI DJ in 2023, the company has witnessed a steady increase in monthly active users (MAUs), reflecting the appeal of more personalized listening experiences. MAUs grew by 16.9% in the fourth quarter of 2023 compared to the March quarter, followed by a further 10% rise by the end of 2024. In the first quarter of 2025 alone, Spotify added another 3 million users. This consistent growth highlights the effectiveness of its technology-driven content curation in attracting and retaining listeners. Another new feature, the AI Playlist tool, has gained momentum by allowing premium users to create playlists based on simple prompts. Its rapid adoption led to a significant expansion into more than 40 new markets in April 2025, reinforcing the platform's global appeal. Spotify has also reported a 4% year-over-year increase in average revenue per user, indicating not just rising user numbers but also improved monetization through value-added features. Expanding beyond music and podcasts, Spotify recently partnered with ElevenLabs to accept AI-narrated audiobooks. Authors can now create audio versions of their work in 29 languages and distribute them through Spotify, extending their reach to a broader, multilingual audience. This move not only supports independent creators but also strengthens Spotify's position as a comprehensive audio platform. By introducing smart, user-friendly tools and expanding content formats, Spotify is building a richer ecosystem that caters to a variety of preferences. These advancements, while powered by sophisticated technology, are subtly woven into the user experience, helping the company grow its user base, increase engagement, and maintain leadership in the digital audio streaming space. How Do the Estimates Compare for DOCU & SPOT? The Zacks Consensus Estimate for DOCU's fiscal 2026 sales indicates year-over-year growth of 6%, and EPS indicates a slight year-over-year decline. EPS estimates have been trending upward over the past 60 days. Image Source: Zacks Investment Research The Zacks Consensus Estimate for SPOT's 2025 sales and EPS indicates year-over-year growth of 21% and 51%, respectively. EPS estimates have been trending slightly downward over the past 60 days. Image Source: Zacks Investment Research DOCU Undervalued, SPOT Priced for Growth While DOCU appears attractively valued with a forward 12-month P/E of 21.83X versus its median of 64.82X, SPOT has a higher forward P/E of 54.06X, slightly below its median of 54.07X. Winner: DocuSign While both DocuSign and Spotify are digital leaders, DocuSign stands out with stronger fundamentals and deeper enterprise integration. Its Intelligent Agreement Management (IAM) platform, bolstered by partnerships with Microsoft and Salesforce, positions it as a critical tool in modern business operations. With 98% of revenues from subscriptions and 101% net revenue retention, DocuSign offers predictable growth and customer stickiness. Financially, it delivers robust free cash flow and trades at an attractive valuation. While Spotify shows impressive user growth, DocuSign's profitability, capital discipline, and enterprise relevance make it the more compelling long-term value play. While DOCU carries a Zacks Rank #3 (Hold), SPOT has a Zacks Rank #4 (Sell). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. #1 Semiconductor Stock to Buy (Not NVDA) The incredible demand for data is fueling the market's next digital gold rush. As data centers continue to be built and constantly upgraded, the companies that provide the hardware for these behemoths will become the NVIDIAs of tomorrow. One under-the-radar chipmaker is uniquely positioned to take advantage of the next growth stage of this market. It specializes in semiconductor products that titans like NVIDIA don't build. It's just beginning to enter the spotlight, which is exactly where you want to be. See This Stock Now for Free >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Microsoft Corporation (MSFT): Free Stock Analysis Report Salesforce Inc. (CRM): Free Stock Analysis Report Spotify Technology (SPOT): Free Stock Analysis Report Docusign Inc. (DOCU): Free Stock Analysis Report
