DigitalX partners with Software AG
Supplied photo
The two companies will collaborate to speed up digital transformation initiatives.
DigitalX, the digital services arm of Digital Dewa which is fully owned by Dubai Electricity and Water Authority (Dewa), as part of Dubai 10X, has signed a partnership agreement with Software AG to deliver advanced digital solutions, systems and services for customers. The two companies will collaborate to speed up digital transformation initiatives and keep pace with the latest solutions and services in different sectors.
“We strive to reimagine the role of utilities and create a new digital future for Dubai, to become the world’s first digital utility to use autonomous systems for renewable energy, storage, expansion in AI adoption, and providing digital services,” said Saeed Mohammed Al Tayer, MD & CEO of Dewa.
CAPS (Cloud, Alliance Partner and Subscription) revenue was 34%, up from 18% a year ago
Software and services were 88% of revenue, up from 86% a year ago
Recurring revenue was 65%, up from 59% a year ago
GAAP Operating income was $62 million; Non-GAAP Operating income was $163 million
GAAP Net loss was $4 million; Non-GAAP Net income was $85 million
Adjusted EBITDA was $190 million, 25.6% of revenue
Ending cash and cash equivalents were $750 million
GAAP Loss Per Share of $0.06; Non-GAAP Earnings Per Share of $0.90
“We are pleased to report first quarter results that exceeded expectations across all key metrics. Navigating a very challenging business environment, we emerged from 2020 even stronger. This success reflects the significant progress we continue to make on our transformation into an enterprise leader in cloud-based communications and collaboration solutions,” said Jim Chirico, President and CEO of Avaya. “The investments we have made in the business are gener
Of minds and machines Filed on December 21, 2020
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Dubai, the global capital where East meets the West, has been the epicentre of business and leisure events for decades. But this year was different. Since March, all that resonated in Dubai was the silence of empty halls that usually play host to the biggest who s who in the world.
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Mohammed Mukhtar Jahangir, co-founder of U-Connect, during his talk at Gitex in Dubai. (Supplied photo)
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