Enterprise

Cloud computing is a bright spot for tech as the economy grapples with war and inflation
Business

Cloud computing is a bright spot for tech as the economy grapples with war and inflation

Microsoft’s CEO indicated that companies aren’t looking to cut into their IT budgets when economies worsen. That means cloud could be a safe haven for Big Tech. Source

Read More
Amazon’s cloud business grows almost 37%, but slows from last quarter
Technology

Amazon’s cloud business grows almost 37%, but slows from last quarter

Amazon’s cloud unit grew 36.5% year over year in the first quarter, a bit faster than analysts projected. But Amazon shares were down about 9% in after-hours trading, as investors focused on the e-commerce giant’s $3.8 billion overall net loss. The cloud business results point to lighter but still brisk demand for computing, storage and […]

Read More
Intel beats but offers disappointing guidance
Technology

Intel beats but offers disappointing guidance

Intel shares fell 4% in extended trading on Thursday after the chipmaker issued a lower-than-expected forecast for its fiscal second quarter. Here’s how the company did: Earnings: 87 cents per share, adjusted, vs. 81 cents as expected by analysts, according to Refinitiv. Revenue: $18.35 billion, vs. $18.31 billion as expected by analysts, according to Refinitiv. […]

Read More
As Microsoft rallies, Activision Blizzard sinks to lowest price since deal news
Technology

As Microsoft rallies, Activision Blizzard sinks to lowest price since deal news

Bobby Kotick, chief executive officer of Activision Blizzard Inc., walks the grounds after the morning session during the Allen & Co. conference in Sun Valley, Idaho, U.S., on Thursday, July 13, 2017. David Paul Morris | Bloomberg | Getty Images Shares of game publisher Activision Blizzard on Wednesday fell to their lowest price since Microsoft […]

Read More
Microsoft earnings beat across the board
Technology

Microsoft earnings beat across the board

Microsoft CEO Satya Nadella speaking at the DLD (Digital-Life-Design) conference in Munich, Germany, on Jan. 16, 2017. Tobias Hase | dpa | picture alliance | Getty Images Microsoft shares were flat in extended trading on Tuesday after the software maker issued fiscal third-quarter earnings that exceeded analysts’ expectations. Here’s how the company did: Earnings: $2.22 […]

Read More
Microsoft’s  billion cybersecurity business is giving investors new reason for optimism
Technology

Microsoft’s $15 billion cybersecurity business is giving investors new reason for optimism

Satya Nadella, chief executive officer of Microsoft Corp. Grant Hindsley | Bloomberg | Getty Images In January 2021, Microsoft CEO Satya Nadella revealed the size of the software company’s security business for the first time. The number was big. Nadella told analysts on an earnings call that the operation had reached $10 billion in annual […]

Read More
Jack Dorsey’s new title: Block Head
Technology

Jack Dorsey’s new title: Block Head

Jack Dorsey, CEO, Twitter testifies at Congressional hearing, March 25, 2021. CNBC Jack Dorsey is no longer the CEO of Block. He no longer has the title, at least. In a filing with the SEC on Friday, the company formerly known as Square said Dorsey has changed his title to Block Head. Block updated its […]

Read More
IBM stock on pace for best day since April 2020 as analysts raise estimates
Technology

IBM stock on pace for best day since April 2020 as analysts raise estimates

Wired senior staff writer Cade Metz and Arvind Krishna, IBM CEO and then senior vice president and director at IBM Research, speak onstage at the Wired Business Conference in New York on June 16, 2016. Brian Ach | Wired | Getty Images IBM shares rose as much as 8% on Wednesday after the hardware, software […]

Read More
IBM first-quarter results beat estimates
Technology

IBM first-quarter results beat estimates

IBM CEO Arvind Krishna Source: CNBC IBM shares rose 3% in extended trading on Tuesday after the technology services company issued first-quarter results that beat expectations. Here’s how the company did: Earnings: $1.40 per share, adjusted, vs. $1.38 per share as expected by analysts, according to Refinitiv. Revenue: $14.2 billion, vs. $13.85 billion as expected […]

Read More
Germany’s SAP joins western corporate exodus from Russia
World

Germany’s SAP joins western corporate exodus from Russia

Uwe Anspach | picture alliance | Getty Images Business software group SAP plans to exit Russia completely in response to Moscow’s invasion of Ukraine, although it said on Tuesday it might be possible for Russian users to run its software for years without support. SAP joined a long list of companies, including rival Oracle last month in […]

Read More