Technology company

Apple’s Paid Subscribers Doubled to 900 Million in 3 years

Apple has about 900 million paid subscribers on its platform, which has more than doubled in just three years, according to company CEO Tim Cook.

According to the company, paid subscribers are rising exponentially than transacting accounts, so paid account penetration is increasing.

“We have a great subscription business, 900 million paid subs now on the platform and growing very fast. We doubled in 3 years. This is the part that is really interesting to us because we really believe that the engine for services growth is there, foreign exchange is a temporary thing and the fundamentals are very good,” Tim Cook said during the company’s earnings call for the September quarter.
Source: business-standard.com

Services as well set a new high in the September quarter, with 19.2 billion USD in revenue.

Tim Cook, CEO of Apple, also said that they have reached one more record on their installed base of active devices which is all thanks to a quarterly upgraders’ record and double-digit development in switchers on iPhone, and they also reached the latest revenue record for said quarter throughout nearly every geographic segment.

In terms of silicon supply constraints, he stated that they were not noticeable in the quarter.

He also stated that he wants to admit that we are still living in unprecedented times, from the war in Eastern Europe to the tenacity of Covid-19 and also from environmental disasters all around the world to a growingly difficult economic environment.

Also, he added that, through it all, they have aimed to help their customers navigate the challenges while also providing them with the tools they need to continue driving progress for both their organizations.

Apple iPhone revenue increased 10% year on year to a September quarter record of $42.6 billion, according to the company, as the Indian market perceives bumper iPhone sales led by the new 14 series.

Apple CEO Tim Cook stated that customer demand was “stronger and more favorable than they anticipated. According to a report, the Apple iPhone 15 Series will have a USB-C charging port and four models with significant feature differences.

“Customers are loving our iPhone 14 line-up. Loaded with camera upgrades for sharper photos, Action Mode for smoother videos and new safety features like Crash Detection and Emergency SOS via Satellite, iPhone is even more indispensable to our daily lives,” Cook told analysts during the company’s quarterly earnings call late on Thursday.
Source: latestly.com

Suhani Jain

I am a student pursuing my bachelor’s in information technology. I have a interest in writing so, I am working a freelance content writer because I enjoy writing. I also write poetries. I believe in the quote by anne frank “paper has more patience than person

Neustar – Providing Real-Time Data And Analytics Services.

A forerunner in identity resolution, Neustar provides the information and technology necessary to establish reliable connections between businesses and individuals at crucial times. The company provides Industry-leading services in Marketing, Risk, Communications, and Security that connect information about people, devices, and places in a responsible manner. The company serves around 60 of the Fortune 100 companies globally.

About The Company

American technology business Neustar offers real-time data and analytics for the security, digital efficiency, defense, telecoms, entertainment, and marketing sectors. It also offers directory and clearinghouse services to the international communications and Internet sectors. TIll 2018 Neustar also served as the North American Numbering Plan Administrator (NANP) for the Federal Communications Commission (FCC) of the USA. Their initial agreement was made in 1997, and it was extended through its spinoff in 1999, 2004, and 2012. Somos, Inc. has taken its place as of 2019.

History

In 1998, Neustar was established in Delaware as a division of Lockheed Martin Corporation. It was spun out in order to maintain the neutrality required by its original founding contract with the country’s telecom operators. In 2006, it acquired Followap, a UK-based provider of instant phone texting services. Lisa Hook was appointed the company’s CEO and President in 2010. According to a January 2010 article in The Washington Post, Neustar was picked by a group of tech executives and Hollywood studios to run a system that would allow customers to watch films and other video media from a variety of digital devices. “UltraViolet” was the name of this system. With regard to their caller identification assets, Neustar and Transaction Network Services agreed to an asset acquisition agreement in 2015. Neustar intended to divide itself into two separate, publicly traded businesses the following year. Later that year, Golden Gate Capital and GIC declared that they would acquire all of Neustar’s publicly traded shares for about $2.9 billion. The deal was completed by the end of August 2017. In 2016 Neustar lost e its NPAC contract to Telcordia, a subsidiary of Ericsson. Since 1997, Neustar had managed the number portability system. In 2018, Neustar acquired Verisign’s security services client deals. Later, Neustar acquired TRUSTID, a company that offers contact centers caller verification, and fraud prevention services. In 2020, GoDaddy acquired Neustar’s domain name registration company, which was later rebranded as GoDaddy Registry. In 2021, TransUnion paid $3.1 billion to acquire Neustar’s core business. However, GIC and Golden Gate Capital continued to own Neustar Security Services as a portfolio company, excluding it from the transaction.

Business

Neustar’s primary business from 1998 to 2015 was the management of the NANP, which includes the upkeep of the databases and system of directories that control the phone zip codes and centralized codes in North America. This makes it possible for calls to be routed among thousands of different communication service providers. Additionally, Neustar offered clearinghouse services to new CSPs, such as VoIP service providers, mobile operators, cable television providers, and Internet service providers (ISPs). A number of top-level domains, such as.biz,.us (on behalf of the US Department of Commerce),.co,.NYC (on behalf of NY City), and .in (on behalf of the National Internet Exchange of India (NIXI)), are managed by Neustar.

Founder – Jeffrey Ganek

Between 1995 to 2010, Jeffrey Ganek served as Neustar’s founder, chairman, and CEO. In 1999, Ganek oversaw a management buy-out of Neustar, which he had established as a separate division within Lockheed Martin.

CEO – Charles E. Gottdiener

Charles Gottdiener is the CEO of Neustar since 2018. Gottdiener previously worked as an MD at Providence Equity Partners, where he held the positions of Head of Portfolio Operations and COO. A number of Providence portfolio firms, like Blackboard, VRAD, SRA International, and Ascend Learning, had him on their boards or as their interim CEO.

Sandhya Gupta

I am a law graduate from NLU Lucknow. I have a flair for creative writing and hence in my free time work as a freelance content writer.

Pure Storage – Company Simplifying Data Storage.

Leave a Comment / Story, Tech Story / By Sandhya Gupta

Pure Storage supports innovators by permanently simplifying data storage. The company is revolutionizing the storage process and empowering innovators by making it easier for users to consume and engage with data. With cutting-edge, cloud-ready storage solutions and the highest technological expertise, the company simplifies storage and turns data into effective results.

About The Company

Pure Storage is an American company that offers hardware and software for all-flash data storage. The company is headquartered in California, USA. Pure Storage was established in 2009 and worked stealthily on its products until 2011. After that, the company saw a 50 percent increase in quarterly revenues and raised over $470 million in venture financing. In 2015, the company went public and debuted on the New York Stock Exchange. In the starting, Pure Storage used generic flash storage hardware and built the software for storage controllers. In 2015, Pure Storage completed the development of its exclusive flash storage hardware.

History

In 2009, John Colgrove and John Hayes launched Pure Storage under the code name Os76 Inc. The business was initially founded inside the offices of the venture capital firm Sutter Hill Ventures, and it was supported with $5 million in seed money. The company raised an additional $20 million in venture money in a series B fundraising round. In August 2011, the company emerged from stealth mode as Pure Storage. EMC filed a lawsuit against the company and 44 former employees in 2013, alleging intellectual property theft.

Additionally, EMC asserted that the company had violated a few of its patents. In a countersuit, It claimed that EMC had illegally acquired a Pure Storage device to perform reverse engineering. In 2016, a jury court decided in favor of EMC and Pure Storage was ordered to pay $14 million to EMC. A judge overturned the verdict and mandated a further trial to determine the legality EMC patent at issue. Following that, a $30 million settlement was reached between Pure Storage and EMC. In August 2015, Pure Storage informed the Securities Exchange Commission of its intention to go public. In 2016, the organization held its first yearly user conference. In 2017, The company achieved its first year of profitability and surpassed $1 billion in revenue.

Acquisitions

In 2018 with the $25 million purchase of StorReduce, a provider of data deduplication software, the company completed its first acquisition. The same year, the company announced a binding deal to buy software-based file storage business Compuverde for an undisclosed sum. In 2020, Pure Storage paid $370 million to acquire Portworx, a Kubernetes-based cloud-native data, and storage management platform, supplier.

Products

Employing consumer-grade solid state drives, Pure Storage creates flash-based storage for data centres. Although more expensive, flash storage is speedier than conventional disc storage. The company creates unique deduplication and compression algorithms to increase the data volume that can be kept on each device. Along with that, it makes its own flash storage technology. FlashBlade, for unstructured data, FlashArray/C, which employs QLC flash, and the more expensive NVMe FlashArray/X are it’s three main product lines. Most of the company’s income comes from IT vendors that sell its solutions to operators of data centres.

Founder – John Colgrove, John Hayes

Pure Storage, which was founded in 2009, entered a market that had been dominated for over 30 years by competitors like EMC and HP. John Colgrove and John Hayes, the company’s co-founders, understood that they would need to construct and operate their storage business differently if they wanted to successfully compete with the established market leaders. Their ideas eventually led to the foundation of Pure Storage.

CEO – Charles Giancarlo

American businessman and investor Charles Giancarlo serves as the CEO and Chairman of Pure Storage. He formerly held top management positions at Silver Lake Partners and Cisco Systems. Charles Giancarlo is the company’s CEO since 2017. Giancarlo has an MBA from Harvard University, a master’s degree from the University of California, and a bachelor’s degree from Brown University.

Sandhya Gupta

I am a law graduate from NLU Lucknow. I have a flair for creative writing and hence in my free time work as a freelance content writer.

Larsen & Toubro, Started With Dairy Equipment To Leading Indian Multinational Corporation.

Leave a Comment / Story, Tech Story / By Sandhya Gupta

Founded in 1946, Larsen & Toubro is a market leader in almost every industry. The conglomerate has achieved and maintained leadership in its primary business sectors for more than eight decades due to a robust, customer-focused strategy and a never-ending pursuit of world-class quality.

About the Company

Larsen & Toubro, also known as L&T, is a leading Indian multinational corporation with business operations in various industries like construction, engineering, technology, manufacturing, financial services, and information technology. L&T is ranked among the top five construction firms worldwide. The company is headquartered in Mumbai, India. L&T Group consists of 118 subsidiaries, 25 joint ventures, six associates, and 35 joint operations corporations. The company is listed on the NSE and BSE. In 2022, it had a revenue of over $20 billion. It serves clients from various industries in more than 50 countries.

History

In 1938, Henning Larsen and Soren Toubro, two Danish engineers, formed a company in Bombay. The company started as a business that imported and sold Danish dairy equipment. Unfortunately, import limitations that came into effect after Germany invaded Denmark in 1940 severely hurt the company’s business. Despite their difficulties, the pair decided to stay in India and establish a local workshop to provide services and technical work. During World War II, they discovered a profitable commercial opportunity to construct and repair ships. As a result, Larsen & Toubro was founded. In 1940, the company received its first significant order to build a soda ash facility/plant for the Tata Group. The calibre of service and prompt service of L&T delighted numerous national and international businesses. They started working with lots of foreign players. Gradually, L&T also became a representative of various British equipment manufacturers for producing soaps, glass, hydrogenated oils, etc. In 1945, the company made a deal with the US-based Caterpillar Tractor to market earth-moving machinery.

In 1946, L&T was incorporated, and it established offices in Madras, Calcutta, and New Delhi. In 1950, it went public and became a listed company. The company was selected as a contractor for constructing nuclear reactors in 1965. L&T was invited by Dr. Homi Bhabha, the Atomic Energy Commission’s (AEC) chairman at the time, to provide vital parts for atomic reactors in the 1950s. L&T began to obtain major projects from the ISRO in the 1970s and 1980s. In order to design weapon and missile systems, it also collaborated with DRDO.

Operations

L&T is also a top supplier of design-to-delivery services for India’s defence industry. It builds underground facilities, military installations, and storage facilities. Additionally, L&T provides a selection of defence-related vessels, such as warships, submarines, support vessels, and unique naval platforms. An important participant in India’s Public-Private Partnership (PPP) initiatives is L&T Infrastructure Development Projects Ltd. It has finished significant projects in several important industries, including renewable energy, transmission and distribution lines, ports, water supply, etc. The world’s largest metro project under PPP form is the L&T Metro Rail in Hyderabad. It extends over three corridors for 69.2 kilometers.

Founders – Henning Holck-Larsen, Søren Kristian Toubro

Henning Holck-Larsen and Soren Kristian Toubro, two Danish engineers, established L&T in Bombay in 1938. They were equally dedicated to enhancing India’s engineering capacity to fulfill market demands. Danish classmates Henning Larsen and Soren Toubro, who were studying India in history classes, perhaps never imagined that they would one day write the history of that auspicious country. The two companions made the decision to leave the conveniences of living in Europe in 1938 and launch their own business in India instead.

CEO – S N Subrahmanyan

S N Subrahmanyan is the CEO and Managing Director of Larsen & Toubro. He has been serving as the company’s CEO since 2017. In 1984, he started working with Larsen & Toubro’s ECC Division. He has an MBA from Symbiosis, Pune and also attended London Business School.

Sandhya Gupta

I am a law graduate from NLU Lucknow. I have a flair for creative writing and hence in my free time work as a freelance content writer.

Elron Electronic, A Well-Known Name In The Israeli Venture Capital Industry.

Leave a Comment / Story, Tech Story / By Sandhya Gupta

Since 1962, Elron Electronic has been a well-known name in the Israeli venture capital industry. The company’s primary focus is initial investing, using knowledge across numerous sectors and significant strategic alliances to provide funding and support to potential Israeli digital startups, assisting them in realising their ambition to become great global leaders.

About The Company

Elron Electronic is a Tel Aviv-based Israeli technology holding firm that has been engaged in creating, financing, and developing more than 30 companies since its founding in 1962. It is regarded as one of the cornerstones of Israel’s high-tech sector. The company is active in various industries like medical technology, clean technology, information technology, semiconductors, and telecommunications. The businesses under Elron now have annual revenue of almost $5 billion. The company is headquartered in Haifa, Israel.

History

With the assistance of Dan Tolkowsky of the Discount Investment Corporation, Uzia Galil launched Elron in 1962. Shimon Peres, a defense minister at the time, visited Elron in 1966, and Uzia persuaded him to find a new business that would create minicomputers for defense uses. Initially known as Elbit Computers, the new business was a partnership between Elron Electronic and the Israeli Ministry of Defense (each holding 50 percent of the company). In 1967, the business unveiled the Elbit-100 minicomputer as its first product. Over the years, the business has evolved to become Elbit Systems, a global defense electronics company. Avraham Suhami, a brilliant engineer who had just received his Ph.D. from the Technion, was persuaded by Uzia to work with him in 1969 to launch a new business called Elscint that would concentrate on the innovation of scientific and medical solutions. The company produced MRI and CT scanners, among other pieces of medical imaging technology. Elscint was the first Israeli business to launch an IPO on NASDAQ in 1972. Elscint’s earnings increased to $311 million by 1996.

Current Holdings

Elron commemorated its 50th anniversary in 2012 and made the announcement that the company would only be investing in medical devices going forward. As of 2013, it held stakes in seven businesses operating in this sector, including Brainsgate, Given Imaging, and Pocared.

Founder – Uzia Galil

After a brief stint of working with Motorola in the US, Uzia Galil was introduced to the technology sector and decided to launch Israel’s debut high-tech startup firm. He founded the business in a buddy’s (Benjamin Sandller’s) apartment in Haifa while he was still in the Navy. The company’s initial offerings were measurement devices for use in electrical and medical applications. Uzia left the Navy in 1958, but the business failed to make enough money, so he took a job at the Technion’s physics lab. It was then that Dan Tolkowsky was introduced to Uzia. Dan, who found Uzia’s theories fascinating, persuaded the management of Discount Investment Corporation to provide funding for the business. Elron officially began operations in 1962 with a valuation of $160,000 and achieved $1 million in annual revenue within three years.

CEO – Ari Bronshtein

After acting as co-CEO of Elron from May 2009, Mr. Bronshtein has been the company’s CEO since June 2010. In the past, he was also the director of Elron. He provides a wealth of experience in company growth, financial management, and managing technological enterprises. He has held a number of executive positions at Bezeq, Comverse, and Tadiran. He currently holds directorships in Cellcom Israel, as well as other businesses belonging to the Elron and IDB groups. Mr. Bronshtein graduated from Tel Aviv University with a BA in Finance and Management and a Master in Finance & Accounting.

Sandhya Gupta

I am a law graduate from NLU Lucknow. I have a flair for creative writing and hence in my free time work as a freelance content writer.

Persistent Systems – Providing Full Product Life Cycle Services.

Leave a Comment / Story, Tech Story / By Roshni Ankola

Persistent Systems Limited is a multinational corporation that specializes in software products, services, and technological innovation. The company provides full product life cycle services. The company provides services at all stages of the product life cycle, allowing us to work with a diverse set of customers and create, upgrade, and deploy their software products. In the Deloitte Touché Tohmatsu Technology Fast 500 Asia Pacific 2009, the company was recognized as one of the leading technology companies.

About The Company

On May 30, 1990, Persistent Systems Private Limited was formed, then on September 17, 2007, the firm was transformed into a public limited company and its name was changed to Persistent Systems Limited. The organization has extensive experience in telecommunications, life sciences, and infrastructure and systems. The company invested in innovative cloud computing analytics enterprise collaboration and enterprise mobility technologies and frameworks. It is an OPD specialist firm that provides consumers with the advantages of offshore delivery. It generates new applications and increases the functionality of customers’ existing software products while designing, developing, and maintaining software systems and solutions. It provides services at all phases of the product life–cycle, allowing it to collaborate with a diverse set of customers and develop, upgrade, and deploy its software products. It was named one of the top technology businesses in the Asia Pacific Deloitte Touché Tohmatsu Technology Fast 500 in 2009.

Founding Story

Persistent Systems creates software that powers its clients’ businesses. In 1990, it was incorporated in India as Persistent Systems Private Limited. The founders of Persistent Systems, LLC pioneered the initial R&D into high throughput routing in early 2002 and have been consistently striving to ensure that data moves effectively via the wireless network. Over the next decade, it bought several software competitors and grew globally, creating operations in the United Kingdom, Japan, and the Netherlands. It also created alliances with companies such as Microsoft and M/1M.

It established Persistent Systems, Inc., a wholly-owned subsidiary situated in the United States, in 2001. Persistent Systems Limited was incorporated as a public limited company in September 2007. The firm’s shares were listed on the National Stock Exchange of India in March 2010. That same year, it bought many companies, including Infospectrum and Paxonix, a MeadWestvaco affiliate.

Fourth S – Software 4.0 – In 2014, Anand noticed that every company was becoming a product company, and there was talk about software consuming the globe.’ Anand met M R Rangaswami, co-founder of Sand Hill Group, who later assisted Persistent in developing its digital transformation narrative.

Key Partners And Resources

The suppliers who supply Persistent Systems with the equipment and services it needs to run its operations, as well as the contractors who provide temporary job services, are significant partners. IBM, Oracle, Salesforce, Appian, and Microsoft are among the company’s partners. The core resources of Persistent Systems are its human resources, which include the engineers who design and develop its software as well as the customer service employees who provide assistance. Persistent Systems’ structure is cost-driven, with the goal of minimizing expenses through extensive automation. Its most expensive variable item is the cost of acquired software licenses.

Anand Deshpande – Founder

Dr. Anand Deshpande has been the Founder, Chairman, and Managing Director of Persistent Systems since its creation, and is responsible for the Company’s overall leadership, strategy, and management. Anand’s talents as a real technology visionary lay in discovering and investing in next-generation technologies, as well as promoting internal entrepreneurship, to guarantee that Persistent Systems remain at the forefront of technological innovation.

Anand has been a driving force in the growth of Persistent Systems from its foundation in 1990 to its current status as a publicly-traded worldwide company. In 2012, he was named a Distinguished Alumnus by IIT Kharagpur, and in 2007, he received the Career Achievement Award from Indiana University’s School of Informatics. Prior to creating Persistent Systems, Anand worked as a Member of Technical Staff at Hewlett-Packard Laboratories in Palo Alto, California, from May 1989 until October 1990.

Roshni Ankola

I am a second-year student pursuing Liberal Arts from Nmims. I am a painter, I love reading and have a great interest in cooking. I am also a trained kickboxer. I’ve always had a passion for writing and hence in my free time, I work as a freelance writer.

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