Everything Tech Group, a UK provider of managed IT services, has acquired SIRE Technology, and GiBVault. Everything Tech Group now has £24m in sales and 130 staff, following the acquisitions.
The entire senior leadership of both acquired companies will join the management team of the enlarged group.
-Nvidia reported Q4 revenue of $39.3 billion – up 78% year-on-year. For the full-year, overall sales jumped to $130.5 billion, equivalent to 114% growth year-on-year.
CEO Jensen Huang attributed the performance to burgeoning demand for “reasoning AI” - where increased compute not only enhances model training, but also refines AI responses for more intelligent outcomes.
-Missouri-headquartered global value added reseller WWT is expanding its operations in Coventry, West Midlands, in response to “steady growth in the region”.
The Coventry integration centre will now configure and ship thousands of products and solutions each week, while also supporting WWT’s asset management and inventory control. The firm also has a European integration centre in Amsterdam.
WWT globally has total revenue of $20 billion and 10,000 staff.
-Sopra Steria reported full-year revenue of €5.77 billion, a small -0.5% fall from 2023, but net profit jumped 68.4% to €309.3m. The company reduced its net debt by 59.6% to €382.2m.
-Intelligent automation vendor ABBYY’s worldwide network of partners grew by 20% during 2024, as organisations continue to increase their artificial intelligence budgets to improve process automation, it said.
ABBYY’s purpose-built AI empowers partners, including consultancy Deloitte, technology partners Microsoft, IBM, and Blue Prism, and solution vendors such as FUJIFILM Business Innovation Australia, Novelis, and Roboyo, to improve and accelerate processes dependent on information found within documents.
-Wipro is committing an additional $200m into its early- to mid-stage startups focused investment arm, Wipro Ventures. This is the fourth round of funding by Wipro Ventures since its inception ten years ago, and brings the total raised since 2015 to $500m.
-Retail-focused software company K3 Business Technologies showed little sign of recovery during the second half of the year. Revenue from continuing operations in FY24, ended 30 November, decreased by 26% year-on-year to £23.2m. The adjusted operating loss for the period showed some improvement over the prior year, being reduced by £300,000 to £1.1m.
-Salesforce revenue for the fourth quarter was up 8% year-over-year in constant currency to $10 billion.
For the full year, revenue reached $37.9 billion, representing growth of 9% year-on-year. The full year GAAP operating margin was 19%.
-Pure Storage saw Q4 revenue of $879.8m, up 11% year-over-year. Full-year revenue was $3.2 billion, up 12% year-over-year. Additionally, Q4 subscription services revenue was $385.1 million, up 17% annually, and full-year subscription services revenue reached $1.5 billion, up 22%.
Pure Storage competes against the likes of HPE, Hitachi, NetApp, IBM, and Dell EMC.
-Canalys data reveals that AI-capable PC shipments hit 15.4m units in Q4 2024, accounting for 23% of all PC shipments during the quarter. AI-capable PCs are defined as desktops and notebooks that include a chipset or block for dedicated AI workloads such as an NPU. The ramp-up in the availability of such devices led to a sequential growth of 18% for this category of PCs.
For the full year 2024, 17% of PCs shipped were AI-capable, with Apple having a 54% share, followed by Lenovo and HP at 12% share each. The refresh cycle induced by the Windows 10 end of support will continue to drive penetration throughout 2025, said Canalys.
-Zoom Communications reported total revenues for the fourth quarter of $1.18 billion, up 3.3% annually. Enterprise revenue was $706.8 million, up 5.9%. The GAAP operating margin was 19%.
For the full year, total sales were $4.66 billion, up 3.1% year-on-year, with enterprise revenue of $2.75 billion, up 5.2%. The GAAP operating margin for the year was 17.4%.
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