Both satellite companies grew their subscriber base by around 13 percent over the last year, but there are signs that the rate of growth may be slowing. EchoStar, the second-largest satellite broadcaster in the United States, added 225,000 subscribers to its Dish Network in the last quarter, bringing the total number of subscribers to 11.46 million. Rival DirecTV added the same number of new customers in the United States over the same period, taking its total subscriber base to 14.67 million. The company signed 964,000 subscribers in the quarter, but the number of net additions was down on the same period the previous year, due to slightly higher churn. EchoStar reported total revenue of $2.1 billion for the three months to the end of June, up 18 percent on the corresponding period the previous year, with a net income of $856 million, ten times more than for the same period the preceding year. DirecTV revenues for the same period were $3.18 billion, with a net income of $162 million, the first profit in two years, compared to a loss of $13.3 million a year ago.
Across the globe, many CEOs invested in initiatives to expand their digital offerings. User experience enhancements that are enabled by business technology were a priority in many industries. Worldwide end-user spending on public cloud services is forecast to grow 21.7 percent to a total of $597.3 billion in 2023 -- that's up from $491 billion in 2022, according to the latest market study by Gartner. Cloud computing is driving the next phase of digital transformation, as organizations pursue disruption through technologies like generative Artificial Intelligence (AI), Web3, and enterprise Metaverse. Public Cloud Computing Market Development "Hyperscale cloud providers are driving the cloud agenda," said Sid Nag, vice president at Gartner . Organizations view cloud computing as a highly strategic platform for digital transformation initiatives, which requires providers to offer new capabilities as the competition for digital business escalates. "For example, generativ