Connect with us

Companies

Microsoft sees cloud business development, however supply hardships proceed for Xbox

Published

on

Spread the love

Microsoft Corp (MSFT.O) on Tuesday estimate a solid finish to the schedule year because of its flourishing cloud business yet said store network troubles will keep on hounding key units like those delivering its Surface PCs and Xbox gaming consoles.

The organization beat Wall Street assumptions for its clench hand quarter finished Sept. 30, with pandemic-incited interest for the product monster’s cloud-based administrations driving deals.

Agreements for cloud administrations given by Microsoft, Amazon.com Inc’s (AMZN.O) AWS and Alphabet Inc-claimed (GOOGL.O) Google Cloud have flooded since last year when the COVID-19 pandemic shut workplaces and schools, pushing greater movement on the web.

First-quarter income development for Azure, the organization’s lead distributed computing business, came in at 48% in steady cash to beat investigators’ assessments of 47.5%, as per agreement information from Visible Alpha. Amy Hood, leader VP and CFO of Microsoft, said that the organization additionally anticipated “wide based development” for the unit in the financial second quarter.

Sky blue’s development rate is the best immediate proportion of rivalry with adversaries, for example, AWS and Google Cloud as Microsoft doesn’t break out income from the distributed computing unit.

Microsoft seemed to hold off Google Cloud’s rising test. Google Cloud said on Tuesday its income flooded by 45% to $4.99 billion, yet neglected to satisfy appraisals of $5.2 billion.

Income at the company’s other specialty units that house Windows programming, the Teams informing administration and LinkedIn proficient interpersonal interaction stage likewise beat expert assumptions.

The store network issues influencing a significant part of the worldwide tech industry had blended ramifications for Microsoft.

Hood said Microsoft has kept on expanding its distributed computing edges in spite of higher server farm development costs since it holds adding more beneficial administrations to those server farms. Hood additionally said that the organization had the option to transport more Xbox S and X gaming consoles than it expected in the primary quarter – deals of gaming control center and frill were up 166% as the companycontinued to see solid interest for new models after the pandemic constrained millions to look for diversion at home.

In any case, Microsoft and its adversaries have been not able to stay aware of interest in light of the worldwide chip crunch. Hood told Reuters the organization expects Xbox request to keep on surpassing stockpile in the organization’s subsequent quarter, which incorporates Christmas.

She additionally said that deals of the organization’s Surface PCs, which declined 17% in the monetary first quarter, were probably going to continue to soak in the subsequent quarter, with production network deficiencies hitting premium things in the setup.

Microsoft’s income from offering Windows to PC creators developed 10% year over year, beating the general PC market, which just became 3.9% over a similar period in view of supply requirements, as per information from IDC.

Hood said that the organization had the option to beat in the PC market in view of its solidarity in selling licenses for Windows bound for corporate clients, where it gets more income per permit and has better piece of the pie.

Generally, income rose 22% to $45.32 billion in the main quarter finished Sept. 30, beating assumptions for about $43.97 billion.

Overall gain rose to $20.51 billion, or $2.71 per share. The organization said its outcomes incorporated a $3.3 billion overall gain tax reduction.

On a changed premise it acquired $2.27 per share, besting expert assumptions for $2.07 per share.

For the monetary second quarter, Microsoft anticipated a midpoint of $18.23 billion in income for its wise cloud business for the financial second quarter, above evaluations of $17.84 billion, as indicated by Refinitiv information.

First-quarter income from “Shrewd Cloud” flooded 31% to $17 billion. Investigators had expected a figure of $16.58 billion, as per Refinitiv information.

Microsoft’s conjecture for its product application and Windows driven portions with midpoints of $15.83 billion and $16.55 billion, individually, were additionally above Refinitiv assessments of $15.40 billion and $15.51 billion.

Portions of the organization, which have risen almost 40% this year, were imperceptibly up in expanded exchanging.

Continue Reading
Advertisement

Business

Dubai launches new permit to help free zone firms do business on the mainland

Published

on

Spread the love

Businesses in Dubai’s free zones can now trade more easily on the mainland, thanks to a new Free Zone Mainland Operating Permit announced on Wednesday by Dubai’s Department of Economy and Tourism (DET).

The move is designed to simplify and make it more cost-effective for companies to operate across jurisdictions, providing them with access to domestic trading opportunities and government contracts, previously available only to mainland-licensed firms.

“This initiative cements Dubai’s position as a benchmark for regulatory innovation,” said Ahmad Khalifa AlQaizi AlFalasi, CEO of Dubai Business Registration and Licensing Corporation. “We’re enhancing ease of doing business and opening new avenues for growth, from domestic trading to government tenders.”

What the Permit Offers

  • Cross-border flexibility: Free zone companies can now engage in mainland activities without setting up a separate mainland entity.
  • Low-cost entry: The permit costs Dh5,000 for six months and is renewable for the same fee.
  • Talent mobility: Firms can use their existing staff for mainland operations without hiring additional employees.
  • Tax compliance: Revenue earned from mainland activities will be subject to the 9% corporate tax, with companies required to maintain separate financial records as per Federal Tax Authority (FTA) rules.

Who Can Apply

The first phase of the permit covers non-regulated sectors, such as:

  • Technology and IT services
  • Consultancy and design
  • Professional services
  • Trading

Plans are in place to extend the permit to regulated sectors in the future.

Eligible businesses must have a Dubai Unified Licence (DUL). They can apply online via the Invest in Dubai (IID) platform, ensuring a quick and hassle-free process for SMEs, startups, and larger enterprises.

Big Boost for Businesses

DET expects the initiative to increase cross-jurisdiction activity by 15–20% in its first year, benefiting over 10,000 active free zone firms.

By enabling free zone companies to integrate more closely with domestic supply chains, the permit opens doors to billions of dirhams worth of government tenders and contracts, creating new opportunities for growth, innovation, and job creation.

Continue Reading

Business

Sheikh Hamdan launches Dubai Founders HQ: One-stop hub for startups

Published

on

Spread the love

Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, on Monday launched Dubai Founders HQ, a groundbreaking initiative that consolidates the emirate’s entire startup and SME ecosystem under one roof.

The first-of-its-kind “phygital” platform combines a state-of-the-art physical campus at One Central, Dubai World Trade Centre, with a comprehensive digital ecosystem connecting founders, investors, corporates, and enablers.

The mission: 30 unicorns by 2033

Dubai Founders HQ directly supports the ambitious Dubai Economic Agenda D33, which aims to:

  • Scale 30 unicorns (startups valued at $1 billion+) from Dubai
  • Enable 400 SMEs to grow by 2033
  • Position Dubai as a global innovation powerhouse

“In Dubai, entrepreneurship is considered a key engine of comprehensive and sustainable development,” Sheikh Hamdan said during his visit to the new campus. “Supporting entrepreneurs is an investment in human potential and in our society’s capacity to innovate and move confidently towards a more prosperous future.”

More than 25 powerhouse partners already on board

More than 25 leading organisations spanning venture capital, financial services, government entities, telecommunications, and innovation hubs have joined the platform, including globally renowned ecosystem builders Endeavor and Plug and Play.

This isn’t just another co-working space, it’s a fully integrated support system designed to take startups from ideation to market leadership.

What founders actually get

Physical campus perks:

  • State-of-the-art co-working spaces
  • Event facilities and meeting rooms
  • Open collaboration areas
  • Curated networking events and workshops
  • Local art showcasing Dubai’s creative spirit

Digital platform access:

  • Curated learning library
  • Consolidated repository of Dubai’s startup ecosystem
  • Data-driven insights and connections

End-to-end services:

  • Sector-specific acceleration programmes
  • Expert mentorship and advisory
  • Direct investor access
  • Business setup and licensing support
  • Global ecosystem connections
  • Tailored venture building partnerships

Hub-and-spoke model

Dubai Founders HQ acts as the “gravitational centre” of Dubai’s innovation landscape, seamlessly connecting with free zones, accelerators, and incubators across the emirate.

Think of it as the central nervous system coordinating Dubai’s entire entrepreneurial ecosystem – eliminating fragmentation and creating a streamlined entry point for founders at every growth stage.

Strategic vision

Omar Sultan Al Olama, Minister of State for Artificial Intelligence, Digital Economy and Remote Work Applications, called the launch “a significant milestone in our journey to position Dubai as a global hub for digital entrepreneurship.”

Helal Saeed Almarri, Director General of Dubai Department of Economy and Tourism, emphasised the collaborative approach: “In bringing together government entities, corporates, and investors, we are creating a self-sustaining engine for innovation.”

Why it matters

For startups: Unparalleled access to expertise, funding, and support in one location

For investors: Direct pipeline to Dubai’s most disruptive businesses and talent

For corporates: Innovation partnerships and access to cutting-edge solutions

For Dubai: Accelerated path to becoming a global startup capital

Global gateway

Dubai Founders HQ also serves as an entry point for international startups and SMEs looking to access Middle Eastern markets, offering comprehensive guidance on business setup and ecosystem navigation.

Navigating bureaucracy

Dubai has consolidated years of entrepreneurial infrastructure development into one powerful platform. For founders, this means less time navigating bureaucracy and more time building world-class companies.

“Many startups have begun their journey in Dubai and grown to reach global markets,” Sheikh Hamdan noted. 

“Our aim is to make the city a platform where bold ideas can flourish and scale up.”

With 30 unicorns in its sights and an ecosystem now operating in unison, Dubai Founders HQ isn’t just supporting startups, it’s engineering them at scale.

Location: 25Hours Hotel, One Central, Dubai World Trade Centre
Partners: More than 25 venture capital firms, financial institutions, government entities, telcos, innovation hubs
Model: Physical campus + digital platform = “phygital” ecosystem

Continue Reading

Business

Dubai to go cashless: 90% of payments will be digitial by 2026

Published

on

Spread the love

Forget fumbling for change at the souq. Dubai is accelerating its ambitious plan to go almost entirely cashless, with a major awareness campaign now underway to push digital payments across the emirate.

The numbers that matter

By the end of 2026, Dubai aims for:

  • 90% of all transactions to go digital (government and private sector)
  • Dh8 billion annual boost to economic growth
  • 100% of stores to accept digital payments
  • Top-five ranking among the world’s cashless cities

What ‘cashless’ actually means

This isn’t about abandoning money, it’s about ditching notes and coins. Banking apps, credit cards, contactless payments, and AI-driven fintech solutions will become the norm for everything from grocery shopping to government services.

The campaign kicks off

Dubai Finance has launched a wide-reaching promotional push in collaboration with government entities, leading fintech companies, and private sector partners to make the transition seamless.

Recent developments include partnerships with GDRFA (General Directorate of Identity and Foreigners Affairs) and Network International to expand digital payment channels and bring innovative solutions to the public.

DIFC leads the business switch

Earlier in 2025, DIFC and Dubai Finance teamed up to run specialised workshops helping businesses make the digital leap. The collaboration includes AI-driven initiatives designed to benefit workers, tourists, and residents through smoother payment experiences.

Who benefits?

The strategy is designed with three key groups in mind:

  • Consumers: Faster, more convenient payments
  • Merchants: Streamlined transactions and reduced cash-handling costs
  • Payment providers: Expanded market and innovation opportunities

Bartering with bills at the gold souq or hunting for loose change in your car? That’s about to become Dubai nostalgia. The city’s race to go cashless is picking up speed, and 2026 is the finish line.

Continue Reading

Popular

© Copyright 2025 HEADLINE. All rights reserved

https://headline.ae/