Software Financial News

Subscribe to enjoy similar stories. There are two sides to the software industry. One faces outwards, with whizzy products and services that bring in billions of dollars of revenue for trillion-dollar companies.

Swedish software company Truecaller announced on Wednesday that Rishit Jhunjhunwala, its current Chief of Products and Managing Director of the India division, will step into the role of CEO, effective January 9. Jhunjhunwala, who joined Truecaller in 2015, will succeed Alan Mamedi as he steps down.

Nintendo, the Japanese video game maker behind the Super Mario franchise, said Tuesday that its profit fell 60 per cent in the first half of the fiscal year, as demand waned for its Switch console, now in its eighth year since going on sale.

Garuda Aerospace on Tuesday said it has signed a Memorandum of Understanding (MOU) with CYOL, a Sri Lankan provider of of advanced agricultural technology solutions as they both look to expand their operations in Australia, Africa, and Asia.

Garuda Aerospace has signed an initial pact with agri-tech solutions provider CYOL to launch its operations in Sri Lanka, a statement said on Tuesday. This agreement marks a major milestone in both companies' growth as they expand their operations into Australia, Africa, and Asia, Garuda Aerospace said in the statement. Garuda Aerospace will collaborate with CYOL to deliver solutions for farming and technology integration, the statement said. As part of this partnership, Garuda Aerospace has officially launched its operations in Sri Lanka, further solidifying its presence in South Asia, it stated. Garuda Aerospace offers its drone solutions for various areas such as agriculture, surveillance, mapping, thermography, videography, and defence anti-drone systems,

Nintendo, the Japanese video game maker behind the Super Mario franchise, says its profit fell 60% in the first half of the fiscal year, as demand waned for its Switch console, now in its eighth year since going on sale

Subscribe to enjoy similar stories. The foldable smartphone market is poised for substantial growth in the coming years. According to market research firm IDC, foldable shipments worldwide will triple by 2027, crossing over 45 million units—although this is still a tiny fraction of the overall smartphone market.

This article explores the top microphones for podcasting available today, covering options for every budget, feature set, and recording environment to help you find the ideal match for your podcasting needs.

Spinny managed to significantly narrow its net loss during FY24 to Rs 590 crore from Rs 820 crore in the previous year as it undertook rationalisation measures in a year that saw dwindling growth for the pre-owned vehicle sales industry. The Tiger Global-backed company reported a 14% year-on-year increase in operating revenue to Rs 3,275 crore for FY24, according to its financial documents sourced from Tofler. In FY23, Spinny had changed the way it recognised its revenue – calculating cash-and-carry sales in its revenue accounting instead of only commissions earned on sales through the marketplace. That had resulted in its topline jumping to Rs 3,262 crore in FY23, compared to Rs 109 crore in FY22.

Uddhav Parab recently took to LinkedIn to commend Google Maps’ “Take Flyover” feature, which provides users with a unique, 3D-guided view of flyovers and landmarks. In his post, Parab suggested that the person responsible for developing this helpful tool deserves a Diwali bonus. “Google, you better give a Diwali bonus to the person who added the 'Take Flyover' pop-up on Google Maps,” he wrote. Parab's post has since gone viral, resonating with thousands of users and receiving over 20,000 likes. The post sparked widespread appreciation from LinkedIn users who view the feature as a valuable addition to their navigation experience, particularly in complex urban roadways.

Rakesh Ravuri, CTO & SVP- Engineering, Publicis Sapient

Subscribe to enjoy similar stories. National defence is crucial to the security of a sovereign state. While wars of conquest and territorial defence have been fought for ages, the modern notion of national defence is a Westphalian idea.

Subscribe to enjoy similar stories. Elon Musk is betting that robot cars will propel Tesla into a lucrative new era. But he’s going about it all wrong.

Edtech platform Coursera is banking on the rising demand for generative AI (genAI) courses to drive learner growth as India is at the forefront of enrollments, a senior executive told ET. “If we are comparing it to the pandemic, of course the growth is slower (for online learning platforms). But now genAI courses are driving the growth with over 950,000 enrollments happening for genAI courses and almost 1600% year-on-year growth in genAI content,” Raghav Gupta, managing director of Coursera India and Asia Pacific, said in an interview. “Some of the growth is also happening because it is such a hot topic that people want to learn and there is a bit of a fear of missing out as well,” he added.

software companies and continued selling by foreign institutions led to Indian stock markets ending lower Thursday, the last day of the traditional Hindu year of Samvat. The BSE Sensex fell 553 points, or 0.69%, to close at 79,389, while the National Stock Exchange’s Nifty50 declined 135.5 points, or 0.56%, to 24,205.35. The Nifty50 fell more than 6% in October — the sharpest drop in a month for four-and-a-half years — as weaker-than-estimated earnings by companies in the quarter ended September 30 raised questions about the pace of the recent run-up in the market.

Apple snapped out of a recent iPhone sales slump during its summertime quarter

Subscribe to enjoy similar stories. Microsoft and Meta Platforms might appear to have little in common. But both are betting large sums on artificial intelligence, and neither is yet inclined to slow down.

Subscribe to enjoy similar stories. Microsoft reported strong quarterly growth in its cloud-computing business that indicated its heavy investment in artificial intelligence is paying off. Revenue for the tech giant’s Azure cloud business—a core of its AI offering—rose 33% in the quarter through September, beating analysts’ expectations.

Subscribe to enjoy similar stories. That artificial intelligence (AI) would start taking over software coding was anticipated. Sundar Pichai, chief of Google’s parent Alphabet, has put out a figure that offers us a sense of its speed.

Dropbox, a cloud company offering cloud storage and client software facilities, announced the layoff of 20% of its workforce impacting a total of 528 people. In a letter to staff, the cloud company’s CEO Drew Houston said that the company is going through a significant transition as it shifts from a mature Financial Shared Services (FSS) business to focus on future growth with new products like Dash. “And while I'm proud of the progress we’ve made in the last couple of years in some parts of the business, we’re still not delivering at the level our customers deserve or performing in line with industry peers. So, we're making more significant cuts in areas where we're over-invested or underperforming while designing a flatter, more efficient team structure overall,” Houston wrote.

Subscribe to enjoy similar stories. Call it a modern-day version of a spectacular Renaissance patronage. Since 2019 Microsoft has provided more than $13bn in cash and computing capacity to OpenAI , a once-penniless startup that is now at the forefront of generative artificial intelligence (AI) and, as of its most recent fundraising round, worth $157bn.