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Weekly Tech News Roundup - January 2020 Week 5 | 31 Jan 2020
⏲ 1 min 44 sec ✓ 31-Jan-2020
IBM Q3 earnings top estimates, maintains guidance
⏲ 2 minutes 39 seconds 👁 576
IBM stock rises following Q1 earnings beat, revenue miss
⏲ 1 minute 8 seconds 👁 442
Walmart Surpasses $500 Billion Market Cap After Strong Q1 Results
⏲ 0:38 👁 465K
IBM Revenue Beats Estimates on Boost From Cloud Demand
⏲ 2 minutes 10 seconds 👁 544
IBM beats on top and bottom, expects revenue growth for the rest of 2021
⏲ 51 seconds 👁 1.7K
Survey reveals how female small business owners measure success
⏲ 1:18 👁 3.5M
IBM Revenue Declines for 20th Consecutive Quarter
⏲ 4 minutes 18 seconds 👁 933
Bernstein analyst on IBM's earnings beat
⏲ 1 minute 39 seconds 👁 1.3K
Sanford Bishop Asks IRS Chief About Using Artificial Intelligence To ‘Crack Down On Tax Evasion’
⏲ 5:23 👁 2M
Alibaba's Earnings Report Triggers 5% Stock Drop as Net Income Plunges 86% YoY
⏲ 0:34 👁 720K
Under Armour's Profits Plummet 96% in Q4 Amid Declining North America Sales
⏲ 0:38 👁 665K
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_weekly-tech-news-roundup-january-2020-week-5-124-31-jan-2020.webp "This week was a busy one in the IT space. While there were some major announcements, there were some moments that created euphoria too.nnPresenting a download of the top 5 IT news!nn1. BFSI Tech Conclave and Awards 2020nnThe event had seen speakers from some of the top banks like SBI, Bank of Baroda, Indusind Bank; exchanges nnlike NSE. Insurance companies like Bajaj General Insurance company were also present. nn2.Apple’s Revenue Better Than Expected | http://j.mp/2OaHuomnnApple had recentl")
_ibm-q3-earnings-top-estimates-maintains-guidance.webp "Yahoo Finance")
_ibm-stock-rises-following-q1-earnings-beat-revenue-miss.webp "Yahoo Finance")
_walmart-surpasses-36500-billion-market-cap-after-strong-q1-results.webp "Walmart's stock price rose after it reported first-quarter earnings that beat analyst expectations, demonstrating consumer resilience in spending despite economic pressure. Walmart's market capitalization surpassed $500 billion for the first time following the strong earnings results. Walmart's CFO stated that consumers have remained consistent in spending from quarter to quarter, though budgets remain stretched. Upper-income consumers are increasingly shopping at Walmart. Analysts noted Walmart's increasing focus on higher-margin revenue streams like digital advertising, marketplace fees, and fulfillment services contributing to growth.")
_ibm-revenue-beats-estimates-on-boost-from-cloud-demand.webp "Bloomberg Technology")
_ibm-beats-on-top-and-bottom-expects-revenue-growth-for-the-rest-of-2021.webp "CNBC Television")
_survey-reveals-how-female-small-business-owners-measure-success.webp "One in four female small business owners has taken a pay cut in the past year, according to new research.<br/><br/>The survey of 1,000 female small business owners examined how their experience has shifted in the past year and found that the down economy has forced a quarter of these business owners to cut their own pay to keep their businesses afloat.<br/><br/>For those small businesses that have been open for at least a year, many have also raised the price of their product or service (37%), and more than a quarter are actively seeking less expensive resources (27%).<br/><br/>Conducted by Talker Research for Office Depot, the survey found that 53% of female business owners said the past year has been the hardest for their business.<br/><br/>In 2023, respondents expressed challenges with funding (42%) and growing their business (30%), which continue to be the top struggles this year (39% and 30% respectively).<br/><br/>Experiencing fatigue was more of a pain point last year (23%), while marketing is proving to be a greater challenge this year (25%).<br/><br/>However, hard work has paid off for many female small business owners this year, allowing them to reach their 2023 goals: growing profit (goal of 59%, achieved by 26%), gaining more customers (goal of 53%, achieved by 41%) and expanding their business (goal of 28%, achieved by 12%).<br/><br/>And to keep the momentum going, respondents predict they’ll continue to uplevel and succeed through continued revenue growth (63%), gaining more customers (54%) and business expansion (27%). <br/><br/>But success is also about a lot more than dollars and cents. Twenty-one percent of respondents said success is all about making a positive impact in their community and a fifth (21%) included innovation as a success marker.<br/><br/>And while the next year looks to be more positive for female small business owners, there will still be challenges to overcome, with inflation (39%) and funding (25%) serving as the top concerns.<br/><br/>To overcome these challenges, female SBOs are throwing themselves into their work more often — but how much is too much?<br/><br/>Work-life balance improvements have slowed by 15% since last year, as only this year, 58% said their work-life balance has improved since becoming a business owner, compared to 73% who said the same last year.<br/><br/>Women surveyed feel they need to choose between their family and their profession multiple times every month, while one in eight feel this way every week.<br/><br/>And overall, 42% said being a business owner has made it more difficult to balance their outside work responsibilities.<br/><br/>To better balance their work and family life, those surveyed are committed to “cutting back on working hours,” “taking time for quiet reflection” and “being willing to take a day off as necessary.”<br/><br/>For respondents who set up their business in the last year, top reasons include wanting to be one’s own boss (59%), deciding to pursue a passion or hobby (46%) and drive to put an idea into action (41%).")
_ibm-revenue-declines-for-20th-consecutive-quarter.webp "Bloomberg Technology")
_bernstein-analyst-on-ibm39s-earnings-beat.webp "CNBC Television")
_sanford-bishop-asks-irs-chief-about-using-artificial-intelligence-to-crack-down-on-tax-evasion.webp "During a House Appropriations Committee hearing on Tuesday, Rep. Sanford Bishop (D-GA) questioned Internal Revenue Service Commissioner Danny Werfel about the workforce of the IRS, using AI and speeding up paper returns.<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/><br/>Stay Connected<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com")
_alibaba39s-earnings-report-triggers-5-stock-drop-as-net-income-plunges-86-yoy.webp "Alibaba's fourth-quarter revenue beat estimates, but net income plunged 86% year-over-year. Alibaba shares dropped around 5% in premarket trading following the earnings release. The company's core e-commerce business recovered, with revenue up 4% and customer management revenue up 5%. Alibaba focuses on reducing low-margin contracts and growing AI-related products in its cloud division. The company's AI revenue experienced \")
_under-armour39s-profits-plummet-96-in-q4-amid-declining-north-america-sales.webp "Under Armour reported a 96% drop in profits during its fiscal fourth quarter compared to the same period last year. The company's revenue declined 5% year-over-year for the quarter, and sales in Under Armour's largest market, North America, plunged 10%. The athletic apparel retailer expects sales in North America to drop even more sharply for the full 2024 fiscal year. The company is implementing a broad restructuring plan that will include an unspecified number of job cuts. Under Armour's CEO Kevin Plank blamed \")
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