OpenAI nearing $1 billion in annual revenue
OpenAI is fast approaching $1 billion in revenue this year. The feat can mainly be attributed to the success of its generative AI chatbot ChatGPT.
There is no denying that ChatGPT is incredibly popular. Therefore, the generative AI chatbot is becoming very lucrative for OpenAI. Bloomberg expects... Read more
Global RPA market revenue grows to $25.1 billion by 2030
Companies are increasingly seeing the value of adopting Robotic Process Automation (RPA). This is according to recent research by Acumen Research and Consulting. Global sales in this market segment will increase 35 percent annually between now and 2030 to a total of 23.5 billion euros ($25.1 billio... Read more
Visma announces yearly revenue increase of 19 percent
Visma's turnover totalled €2.06 billion in 2022, up 19 percent from 2021. The firm cited its fast-paced acquisition strategy as the driving force behind growth.
42 companies were acquired in Visma's target markets of Europe and Latin America. By the end of the year, the total transaction value... Read more
ASM International records higher-than-expected quarterly results
Netherlands-based chip manufacturer ASM International booked higher-than-expected results in the fourth quarter of last year. Sales totalled about €720 million instead of the €660 million forecasted.
According to the organization, the additional revenue was due to improved supply chain condi... Read more
Datadog posts quarterly revenue growth of 61 percent
Datadog posted revenue of $437 million in its latest quarter, up 61 percent from the same period last year.
The revenue exceeded analyst expectations of $412 million. CEO Olivier Pomel said the sales resulted from strong product adoption and opportunities among new customers.
Datadog witness... Read more
IFS reports strong cloud revenue growth in 2021
IFS achieved double-digit growth throughout 2021. In the area of software licenses, sales increased by 22 percent. Recurring revenue increased by 36 percent.
The company's cloud revenue increased by a dramatic 105 percent compared to the previous year. In total, the company posted net sales of 6... Read more