NextGen know-how: Appreciation in your credit union

first_img 3SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr The holidays are approaching, and one task on my list this month is gifts for my children’s teachers. I’m not very creative and, honestly, I’d rather buy a gift card and call it a day. Yet I feel a longing to really show my appreciation and make the gifts more meaningful.Lots of ideas popped into my head, and then the worry crept in of not having enough time to put the ideas into action. Then I started to rationalize why I don’t have enough time: “I’m too busy,” I thought. “I work full time, I have three kids under five, and I just don’t have the time.” Then I thought, “I can just contribute to the class gift. That’s why they have a class gift anyway; to make it easier on the parents.” But easy doesn’t always equate to meaningful.Look, I know the teachers will appreciate whatever we decide to give them. But the more I reflected on this, I felt the desire to do something special to really show that we care and appreciate all they do for our two children. It’s fine to purchase a gift card or contribute to the class gift, but I felt like we could do something more individual and unique to show we put some thought into it.With the hustle and bustle of the season, most of us tend to run around furiously trying to just get it all done (I know I do!). We don’t always take the time to think about the message we send through our actions. Sometimes going that extra step can convey a more meaningful message. continue reading »last_img read more

Alibaba cloud growth outpaces Amazon and Microsoft

first_imgWe believe cloud computing is fundamental infrastructure for the digital era, but it is still in the early stage of growth. In September, Alibaba chief financial officer Maggie Wu said the company’s cloud computing business is likely to become profitable for the first time in the current fiscal year. Alibaba’s fiscal year began in April 2020 and ends on March 31, 2021. Alibaba’s loss from the cloud computing business was 3.79 billion yuan in the September quarter, much wider than the 1.92 billion yuan loss reported in the same period last year. However, Wu pointed to the earnings before interest, taxes, and amortization (EBITA), another measure of profitability.EBITA loss narrowed to 156 million yuan from 521 million yuan in the same period last year. The EBITA margin was negative 1%.On this basis, Wu said on the earnings call that Alibaba management “definitely expect to see profitability in the following two quarters.”“As I talked about during the Investor Day, we do not see any reason that for the long‑term, Alibaba cloud computing cannot reach to the margin level that we see in other peer companies. Before that, we are going to continue to focus expanding our cloud computing market leadership and also grow our profits,” she said. Alibaba is the fourth largest public cloud computing provider globally, according to Synergy Research Group.Alibaba CEO Daniel Zhang said that public sectors and financial services contributed the highest growth to the company’s cloud division.“We believe cloud computing is fundamental infrastructure for the digital era, but it is still in the early stage of growth. We are committed to further increasing our investments in cloud computing,” Zhang said on the earnings call. It’s important to note that Alibaba’s cloud computing business is significantly smaller than these two market leaders. For comparison, Amazon Web Services brought in revenue of $11.6 billion while Microsoft’s intelligent cloud revenue, which includes other products as well as Azure, totaled $13 billion in the September quarter.- Advertisement – – Advertisement – – Advertisement – The Alibaba Group Holdings Ltd. headquarters stand illuminated at night ahead of the annual November 11 Singles’ Day online shopping event in Hangzhou, China, on Sunday, Nov. 10, 2019.Qilai Shen | Bloomberg | Getty Images GUANGZHOU, China — The growth of Alibaba’s cloud business outpaced Amazon and Microsoft in the quarter ending in September, and the Chinese tech giant reiterated its commitment to making the unit profitable by next March.Alibaba reported cloud computing brought in revenue of 14.89 billion yuan ($2.24 billion) in the three months ending Sept. 30. That’s a 60% year-on-year rise and its fastest rate of growth since the December quarter of 2019.That was faster than Amazon Web Service’s 29% year-on-year revenue rise and Microsoft Azure’s 48% growth in the September quarter.- Advertisement –last_img read more