Okta Inc
Databricks acquires data optimization startup Tabular in fresh challenge to Snowflake
Ali Ghodsi, co-founder and CEO of Databricks, speaks at the company’s Spark and AI Summit in San Francisco in April 2019. Databricks Data analytics software maker Databricks said in a statement on Tuesday that it’s acquiring Tabular, a startup that helps optimize data stored in the cloud. The gesture could help Databricks more quickly bring […]
Read More
Software stocks got pummeled this week after a cluster of troubling earnings reports
Salesforce executives told investors that deals are shrinking or getting delayed. Dell said its margin is getting smaller. Okta highlighted macroeconomic challenges. And Veeva’s CEO said on his company’s earnings call that generative artificial intelligence has been “a competing priority” for customers. Add it all up and it was a brutal week for software and […]
Read More
Stocks making the biggest moves premarket: Salesforce, Kohl’s, Foot Locker and American Eagle Outfitters
Check out the companies making headlines before the bell. Salesforce — Shares of the cloud software vendor plunged 16% after the company reported weaker-than-expected revenue and issued guidance that trailed Wall Street’s expectations. Revenue in the fiscal first quarter increased 11% from a year earlier, marking the first time since 2006 that Salesforce fell short […]
Read More
Stocks making the biggest moves after hours: Salesforce, UiPath, Capri, Pure Storage and more
The logo for Salesforce is displayed on the Salesforce Tower in New York City on March 7, 2019. Brendan Mcdermid | Reuters Check out the companies making headlines in extended trading: Salesforce — Shares plunged more than 14% after first-quarter revenue of $9.13 billion missed consensus estimates of $9.17 billion, according to LSEG. Adjusted earnings […]
Read More
Inventory futures drop as Wall Street awaits the Fed's most well-liked inflation gauge: Live updates
Traders get the job done on the flooring at the New York Stock Exchange on Jan. 29, 2024. Brendan Mcdermid | Reuters Inventory futures fell as Wall Road weighed the most current earnings results and seemed ahead to the Federal Reserve’s favored inflation gauge. Futures tied to the Dow Jones Industrial Normal slipped 107 details, […]
Read More
Snap to lay off 10% of worldwide workforce, about 500 employees
Co-founder and CEO of Snap Inc. Evan Spiegel attends the Senate Judiciary Committee listening to on on-line child sexual exploitation at the U.S. Capitol, in Washington, U.S., January 31, 2024. Nathan Howard | Reuters Social media business Snap stated on Monday that it would lay off 10% of its international workforce, or all-around 529 staff. […]
Read More
Tech's longtime highfliers are growing up by getting smaller
Visitors take photos in front of the Meta sign at its headquarters in Menlo Park, California, December 29, 2022. Tayfun Coskun | Anadolu Agency | Getty Images Technology companies are learning an old lesson from Wall Street: maturing means shrinking. Meta and Amazon saw their shares spike on Friday following their fourth-quarter earnings reports. While […]
Read More
Zoom is cutting about 150 careers, or close to 2% of its workforce
Zoom CEO Eric Yuan speaks at the Dropbox Function In Development Convention in San Francisco on Sept. 25, 2019. Matt Winkelmeyer | Getty Photographs for Dropbox Zoom is chopping about 150 work opportunities, CNBC verified on Thursday, the hottest tech enterprise to slash headcount this calendar year as investors proceed to push for efficiency. A Zoom […]
Read More
Okta to lay off 7% of staff members, about 400 workers
Identification administration corporation Okta explained on Thursday in a concept to employees that it would lay off 400 personnel, about 7% of the firm’s headcount. The business also reaffirmed its fourth quarter and complete-calendar year assistance in a securities filing. CEO Todd McKinnon claimed in his information that the “reality is that costs are continue […]
Read More
Tech stocks dominated 2023 investing. Listed here's where the sector finds growth in 2024
Just after 2023’s blowout run, it truly is tough to recall the after gloomy investing set up for engineering stocks final December. Indeed, it was only a calendar year in the past that the moment higher-flying technological know-how behemoths confronted their major actuality look at but as inflation strike multidecade highs and the Federal Reserve […]
Read More