Category: Top Story 2

Strong profit growth fails to cheer IBM investors as revenue slide drags on

Strong profit growth fails to cheer IBM investors as revenue slide drags on

Strong profit growth fails to cheer IBM investors as revenue slide drags on 1
IBM Corp.’s business continued to shrink in its fiscal second quarter, although its profit grew at a faster clip than analysts expected and the company reaffirmed its full-year earnings guidance. The news initially buoyed investors, but sentiment turned negative after the company’s earning call with analysts, sending shares down more than 1% after hours. Profit […]

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Oracle loses legal appeal against Pentagon’s $10B cloud computing contract

Oracle loses legal appeal against Pentagon’s $10B cloud computing contract

Oracle loses legal appeal against Pentagon’s $10B cloud computing contract 3
A federal court today dismissed an appeal from Oracle Corp. to revise JEDI, the Pentagon’s $10 billion cloud computing contract, dealing another blow to the company’s chances of securing a slice of the deal. Oracle filed suit in December after an earlier petition to the Government Accountability Office failed. The company argued that the JEDI […]

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Enterprise software firms Medallia and Phressia set terms ahead of IPOs

Enterprise software firms Medallia and Phressia set terms ahead of IPOs

Enterprise software firms Medallia and Phressia set terms ahead of IPOs 4
Investors will soon get two more chances to weigh in on enterprise software stock offerings. Two software companies, Medallia Inc. and Phressia Inc., today announced terms for their initial public offerings on the New York Stock Exchange. Medallia, a San Francisco-based customer experience software provider, said it’s planning to raise $247 million through an offering of […]

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Growing cloud footprint, Google invests $600M in new Nevada data center

Growing cloud footprint, Google invests $600M in new Nevada data center

Growing cloud footprint, Google invests $600M in new Nevada data center 5
Google LLC today announced plans to bolster its U.S. data center network with a new cloud facility in Nevada that is slated to come online next year. The data center is being built in Henderson, a midsize city about 16 miles from Las Vegas. Henderson Mayor Debra March told local news station KLAS-TV that the project […]

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Software-as-a-service spending poised to hit $100B annually

Software-as-a-service spending poised to hit $100B annually

Software-as-a-service spending poised to hit $100B annually 6
Analyst firm Synergy Research Group today provided an update on the state of the enterprise software-as-a-service market, saying that it’s on track to hit a $100 billion annual run rate in the current quarter. Synergy’s data shows the market grew by more than 30% in the last year, driving more than $23 billion in revenue for the […]

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Dropbox releases new native integrations, team features in major platform redesign

Dropbox releases new native integrations, team features in major platform redesign

Dropbox releases new native integrations, team features in major platform redesign 7
Dropbox Inc. today released a major redesign of its collaboration platform aimed at winning over more enterprise users by adding in a slew of new productivity features. The main theme of the update, which is available to all customers on an opt-in basis, is centralization. The average enterprise user relies on several different productivity tools from multiple providers […]

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Investors dump Pivotal Software on poor outlook

Investors dump Pivotal Software on poor outlook

Investors dump Pivotal Software on poor outlook 8
Software development company Pivotal Software Inc. was hung out to dry by investors today after slashing its revenue targets for its second quarter and fiscal 2020, blaming what it said were “sales execution” issues and a “complex technology landscape.” The company’s stock plunged more than 28% in the after-hours trading session as investors decided enough […]

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Box takes another battering after lowering revenue guidance

Cloud storage company Box Inc. took a real battering today, with its stock falling almost 14% in after-hours trading. The reason for the drop was an updated full-year revenue outlook that fell well short of analysts’ estimates. Box actually did quite well in the quarter just gone. It reported a first-quarter loss before certain costs […]

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Google’s Gmail, YouTube, other services go offline in four-hour cloud outage

Google’s Gmail, YouTube, other services go offline in four-hour cloud outage

Google’s Gmail, YouTube, other services go offline in four-hour cloud outage 9
Google LLC has picked itself up and dusted itself off after four-hour cloud outage that took several of its main internet services offline on Sunday. The outage began at around 12.20 p.m. PDT when services including Gmail, YouTube and G Suite as well as outside services became inaccessible to thousands of users. Google later blamed […]

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