Massive global cloud growth forecast

Worldwide spending on public IT cloud services will reach $47,4-billion in 2013 and is expected to be more than $107-billion in 2017, according to a new forecast from International Data Corporation (IDC). Over the 2013–2017 forecast period, public IT cloud services...

Pinnacle reports increased revenue, profit

Pinnacle Technology Holdings has reported that its revenue increased by 13% to R6,6-billion for the year ended 30 June 2013. EBITDA increased by 18% to R493-million, headline earnings per share (HEPS) increased 17% to 205,6 cents and dividends per share increased by...

Why did Microsoft buy Nokia?

International Data Corporation (IDC) has released the following comment on Microsoft’s acquisition of Nokia. Microsoft’s announcement of the acquisition of Nokia’s devices and services division, as part of a $7,2-billion deal, comes two and a half years since these...