IDC cuts 2014 IT spending forecast

A slowdown in the growth rate for tablet and mobile phone sales and economic uncertainty in emerging markets are putting a damper on global IT spending, according to IDC.

Cisco’s gloomy financials brighten in Q3

Cisco posted lower sales and profit in the third quarter but beat its own forecast, signalling that the company is continuing to work against economic and industry challenges following two earlier weak performances.

PC sale leads Sony to $1.25B loss

Sony’s move to abandon PCs has contributed to a massive net loss of $1.25 billion for the year to 31st March, and it has forecast a loss of $491 billion for the coming 12 months.

Gartner: MENA public cloud services to grow 23 percent in 2014

The public cloud services market in the Middle East and North Africa region (MENA) is on pace to grow 23 percent in 2014 to total $629 million, up from $511 million in 2013, according to the latest outlook by Gartner, while Software as a service (SaaS) is expected to grow 26.3 percent in 2014 to $123 million.

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