Category: Top Story 1

Slack stock soars 60% in direct NYSE listing, now valued at $21B

Slack stock soars 60% in direct NYSE listing, now valued at $21B

Slack stock soars 60% in direct NYSE listing, now valued at $21B 1
Slack Technologies Inc. today made its long-anticipated debut on the New York Stock Exchange at $38.50 a share, tripling its valuation to a stunning $21 billion.  The stock kept rising in early trading and quickly passed the $40 mark. Slack, trading under the ticker symbol “WORK,” is now hovering around $41.70 a share, which is […]

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Slack stock soars 60% in direct NYSE listing, now valued at $21B

Slack stock soars 60% in direct NYSE listing, now valued at $21B

Slack stock soars 60% in direct NYSE listing, now valued at $21B 2
Slack Technologies Inc. today made its long-anticipated debut on the New York Stock Exchange at $38.50 a share, tripling its valuation to a stunning $21 billion.  The stock kept rising in early trading and quickly passed the $40 mark. Slack, trading under the ticker symbol “WORK,” is now hovering around $41.70 a share, which is […]

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Slack stock soars 50% in direct NYSE listing, now valued at $20B+

Slack stock soars 50% in direct NYSE listing, now valued at $20B+

Slack stock soars 50% in direct NYSE listing, now valued at $20B+ 3
Updated: Slack Technologies Inc. today made its long-anticipated debut on the New York Stock Exchange at $38.50 a share, tripling its valuation to a stunning $21 billion.  The stock kept rising in early trading and quickly passed the $40 mark. Slack, trading under the ticker symbol “WORK,” is now hovering around $41.70 a share, which […]

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Oracle earnings outperform on cloud applications growth

Oracle earnings outperform on cloud applications growth

Oracle earnings outperform on cloud applications growth 4
Database giant Oracle Corp. delivered relatively strong fourth-quarter earnings today, beating estimates thanks in part to rapid growth in its Fusion and NetSuite cloud applications business. The company reported earnings before certain costs such as stock compensation of $1.16 per share on revenue of $11.1 billion, up 1% from the same period a year ago. Wall Street […]

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VMware to acquire Avi Networks to make data centers cloudier

VMware to acquire Avi Networks to make data centers cloudier

VMware to acquire Avi Networks to make data centers cloudier 5
In a continuing bid to help data centers become more cloudlike, VMware Inc. today said it plans to acquire Avi Networks Inc. for an undisclosed price. Avi provides application delivery services to large enterprises such as Deutschebank, Cisco Systems Inc. and Adobe Systems Inc. what it calls a multicloud fabric, in particular helping balance application loads across […]

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Google’s Looker purchase opens new front in cloud computing wars

Google’s Looker purchase opens new front in cloud computing wars

Google’s Looker purchase opens new front in cloud computing wars 6
Google LLC is making its largest acquisition in the public cloud market with the intended purchase of business intelligence firm Looker Data Sciences Inc. for $2.6 billion in an all-cash transaction announced this morning. The deal has the potential to help jumpstart Google’s efforts to compete better with much bigger public cloud leaders Amazon Web Services […]

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Salesforce.com reassures jittery investors with solid results and raised estimates

Salesforce.com reassures jittery investors with solid results and raised estimates

Salesforce.com reassures jittery investors with solid results and raised estimates 7
Salesforce.com Inc. calmed investor concerns about slowing growth with solid fiscal first-quarter financial performance that eclipsed Wall Street estimates for both revenue and earnings. The company slightly lowered second-quarter earnings estimates but raised its full-year outlook to earnings of between $2.88 and $2.90 on revenue of between $16.1 billion and $16.25 billion for the year. […]

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At Build, Microsoft focuses updates on collaboration and productivity

At Build, Microsoft focuses updates on collaboration and productivity

At Build, Microsoft focuses updates on collaboration and productivity 8
Helping workers to be more collaborative and productive is always one of the key areas of focus at Microsoft Corp.’s developer-focused Build conference, and this year is no different. Kicking off the three-day conference today in Seattle with a keynote by Chief Executive Satya Nadella (pictured), the tech giant added a host of new productivity-related […]

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Microsoft adds new AI and blockchain services to Azure cloud

Microsoft adds new AI and blockchain services to Azure cloud

Microsoft adds new AI and blockchain services to Azure cloud 9
Microsoft Corp. is trying to build up some excitement ahead of its annual Build developers conference, launching several new tools and services designed to help software makers use artificial intelligence and blockchain technologies more easily. Build takes place next week in Seattle, and the company intends to use the event to demonstrate the capabilities of […]

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Despite cloud growth, slowing revenue at Alphabet sends investors fleeing

Despite cloud growth, slowing revenue at Alphabet sends investors fleeing

Despite cloud growth, slowing revenue at Alphabet sends investors fleeing 10
Despite posting a better-than-expected first-quarter profit, Google LLC parent Alphabet Inc. today announced a slowdown in revenue growth that sent investors to the exits. In a quarter made murkier by accounting changes announced earlier this month, Alphabet Inc. reported a first-quarter profit of $6.6 billion, or $9.50 a share, down from $13.33 a year ago […]

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