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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailConsumers want to hit the road this travel season, says Enterprise Mobility CEOChrissy Taylor, CEO of Enterprise Mobility, joins 'Squawk on the Street' to discuss what preps Enterprise is making ahead of the busy travel season, whether rental vehicles have seen the same price cooling airfare has, and more.
Persons: Chrissy Taylor Organizations: Consumers, Enterprise, Enterprise Mobility
Taylor talked with The Associated Press about where her business is headed, the resurgence in travel, and rental prices. Vehicle supply is down, but we are in a much better place. And so we feel really good about vehicle supply coming into the back half of the year. But they've stayed high in part because of lack of supply coming from rental car companies returning vehicles to the market. It’s very important to keep the residual value high for the manufacturers, making sure that the customer is getting a well-maintained and great vehicle.
Persons: Chrissy Taylor, Taylor, they’ve, we’ve, they've, we’re Organizations: DETROIT, Enterprise, Enterprise Mobility, Associated Press, Detroit Locations: Louis, Europe, Detroit
Microsoft shares sank almost 5% on Wednesday while the broader tech market rallied after analysts at UBS said the software company faces weakness, particularly in the cloud. Keirstead pointed to concerns at Azure, Microsoft's cloud computing platform, and Office 365, the company's family of productivity software. Microsoft provides year-over-year growth for Azure and other cloud services but doesn't give a dollar figure, nor does it specify how much of the growth comes just from Azure. The Azure and other cloud services metric also includes, among other things, enterprise mobility and security, or EMS, tools that can be sold separately. Cloud rival Google put together an estimate of Microsoft's Azure business, based on a leaked Microsoft document and some extrapolation of other market data.
Google has for years been playing catch-up in the cloud infrastructure market, where it's seen in the industry as a distant third in the U.S., behind Amazon and Microsoft . The challenge for investors is that the three companies don't report cloud infrastructure metrics in a way that makes them easily comparable. The Azure and other cloud services metric also includes, among other things, enterprise mobility and security, or EMS, tools that can be sold separately. Google parent Alphabet, meanwhile, doesn't tell investors how much revenue or operating income the Google Cloud Platform, or GCP, generates. It only discloses those figures for what it calls Google Cloud, which includes subscriptions to Google Workspace collaboration software, as well as GCP, a direct Azure rival.
INDIA STOCKS Consumer, IT firms lead Indian shares higher
  + stars: | 2022-09-27 | by ( ) www.reuters.com   time to read: +1 min
Register now for FREE unlimited access to Reuters.com RegisterA general view of the Bombay Stock Exchange (BSE), after Sensex surpassed the 50,000 level for the first time, in Mumbai, India, January 21, 2021. REUTERS/Francis MascarenhasBENGALURU, Sept 27 (Reuters) - Indian shares opened higher on Tuesday, having fallen more than 4% in the past four sessions, led by gains in consumer and IT companies. The Nifty FMCG index (.NIFTYFMCG) gained 1.1%, while the IT index (.NIFTYIT) rose 1%. read moreMahindra Logistics (MALO.NS) shares rose 4.5% after the company said it will sell its enterprise mobility business to its unit for 361.2 million rupees and buy Rivigo's B2B Express business for 2.25 billion rupees. ($1 = 81.6100 Indian rupees)Register now for FREE unlimited access to Reuters.com RegisterReporting by Nallur Sethuraman in Bengaluru; Editing by Savio D'SouzaOur Standards: The Thomson Reuters Trust Principles.
REUTERS/Francis MascarenhasBENGALURU, Sept 27 (Reuters) - Indian shares are tipped to open slightly higher on Tuesday, after having fallen over 4% in the past four sessions, even as global markets remained jittery on economic growth concerns. Foreign institutional investors sold net 51.01 billion Indian rupees ($625.1 million) worth Indian equities on Monday as per provisional data available with the National Stock Exchange. ** Mahindra Logistics (MALO.NS) will sell its enterprise mobility business to its unit for 361.2 million rupees and buy Rivigo's B2b Express business for 2.25 billion rupees. ** India's Dev Information Technology bagged order worth 49.7 million rupees. ($1 = 81.6100 Indian rupees)Register now for FREE unlimited access to Reuters.com RegisterReporting by Nallur Sethuraman in Bengaluru; Editing by Savio D'SouzaOur Standards: The Thomson Reuters Trust Principles.
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