Investing.com -- An emerging technology model known as Services-as-Software is set to reshape the global services industry over the next several years, according to Bernstein analyst Richard Nguyen.
In a note to clients on Monday, the analyst described it as “an emerging trend that will profoundly transform the business model of services providers, and reshape the competitive landscape, over the next 3-to-5 years.”
Nguyen explained that the model involves delivering... (continue reading...)
Investing.com --Jefferies said Steve Madden may face a tougher growth path as pressure builds in its wholesale business, which accounts for about 70% of revenue, while resistance from retail partners to price increases weighs on near-term performance.
The brokerage said retailers are pushing back on double-digit price hikes, which could make it harder for the company to drive its next phase of growth. It warned that the pressure in wholesale could persist over multiple... (continue reading...)
Investing.com -- Databricks announced Monday it has crossed a $5.4 billion revenue run-rate with over 65% year-over-year growth in its fourth quarter.
The Data and AI company is completing investments exceeding $7 billion, which includes approximately $5 billion in equity financing at a $134 billion valuation and about $2 billion in additional debt capacity.
The new funding will accelerate development of Lakebase, the company's serverless Postgres database built for AI... (continue reading...)
Investing.com -- Workday Inc. announced Monday that co-founder Aneel Bhusri is returning as chief executive officer, replacing Carl Eschenbach effective immediately as the software company's shares have fallen sharply over the past year.
Eschenbach, who was named co-CEO in late 2022 alongside Bhusri before becoming sole CEO, is stepping down from the board but will remain as a strategic adviser to Bhusri, the company said in a statement.
Bhusri, who co-founded Workday in... (continue reading...)
Investing.com -- European Central Bank policymaker Peter Kazimir said on Monday that a significant shift in economic and inflation trends would be necessary for the ECB to consider altering its monetary policy stance.
The statement comes just days after the central bank maintained interest rates at their current levels.
"Looking forward, it would take a major departure from our baseline scenario for me to consider recalibrating the policy setting," Kazimir, who heads... (continue reading...)
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