Tag: Software

Cloudflare to cut about 20% workforce as AI adoption reshapes operations

Cloudflare (NET.N), said on Thursday it would cut about 20% of its ‌workforce as the company restructures operations around the rapid adoption of artificial intelligence tools, and forecast second-quarter revenue slightly below Wall Street expectations.

CoreWeave shares plunge. Revenue doubles but AI costs are rising.

Insatiable demand for artificial-intelligence hardware led CoreWeave to report its strongest quarter ever of new business deals on Thursday. But the company’s earnings missed expectations and provided weak guidance.

Strategy Posts Wider Loss as Bitcoin Holdings Hit $64 Billion. The Stock Rises Anyway.

Strategy MSTR +1.69% ‘s losses swelled in the first quarter as the Bitcoin holder’s massive crypto treasury continues to dictate its bottom line.

Palantir Q1 revenue jumps 85% on booming US business

Palantir Technologies (PLTR) reported Q1 revenue and profit that topped analyst estimates, driven by surging sales to commercial clients and the US government sector.

Veeva Systems to join S&P 500 index, replacing Coterra Energy

Veeva Systems, which sells cloud software to life sciences companies and drugmakers, is joining the S&P 500, becoming the latest tech company to get added to the benchmark.

Microsoft Stock Slides After Earnings. What Overshadowed Strong Cloud Growth.

Microsoft (MSFT) stock was sliding on Thursday after the tech giant’s lofty capital spending guidance overshadowed solid growth for its Azure cloud-computing business.

ADP Lifts Outlook as Profit, Revenue Rise

Automatic Data Processing (ADP) raised its outlook for the year after logging higher profit and revenue during the third quarter, as it invests in artificial intelligence to expand its payroll and workplace services.

Ίλυδα: Αύξηση 16% στα καθαρά κέρδη το 2025 – Στα 6,26 εκατ. ευρώ τα EBITDA

Πέραν των ιδιαίτερα ισχυρών οικονομικών επιδόσεων της χρήσης 2025, η Εταιρεία εμφανίζει και σημαντική υποστηρικτική αξία ισολογισμού: διαθέτει ταμειακά διαθέσιμα €6,60 εκατ. (€ 0,47 ανά μετοχή) και ιδιόκτητο ακίνητο αποτιμημένο από ορκωτό εκτιμητή σε €2,66 εκατ. (€ 0,19 ανά μετοχή).

OpenAI shakes up partnership with Microsoft, capping revenue share

OpenAI and Microsoft on Monday announced a revamped partnership agreement that will allow the artificial intelligence company to serve customers across any cloud provider.

SAP Stock Soars After Earnings. AI Hope Defies Software Slump.

Shares in SAP (SAP) were rallying on Friday after the German tech company reported better-than-expected first-quarter profit and reiterated its 2026 cloud revenue outlook, with a caveat.

ServiceNow stock sinks 14% as subscription revenue takes hit from Iran war

ServiceNow reported first-quarter results on Wednesday that narrowly beat Wall Street’s estimates as the software company said the conflict in the Middle East dragged on subscription revenue.

Palantir inks $300 million deal with USDA to safeguard food supply

Palantir announced a $300 million deal with the U.S. Department of Agriculture, which will use the software company’s technology to manage farmland as geopolitical risks threaten global supply chains.

Stellantis Inks Artificial Intelligence Deal With Microsoft

Stellantis NV is teaming up with Microsoft Corp. to accelerate deployment of artificial intelligence software across its cars and operations to improve customer experience.

OpenAI pulls back from Stargate Norway data center deal as Microsoft takes over

OpenAI has abandoned plans to rent compute capacity directly from a Norwegian data center, days after confirming it paused a similar project in the U.K.

Oracle expands Bloom Energy deal days after receiving $400 million stock warrant

Oracle is poised to make a quick buck off an investment in Bloom Energy.

Sandisk Stock Joining Nasdaq 100. This Software Stock Is Getting Booted Out.

Sandisk stock was rising on Monday after Nasdaq said it would be adding the flash memory product supplier to the Nasdaq 100 index.

CoreWeave Strikes Deal With Anthropic. Another Big Name Is Using Its Cloud Platform.

CoreWeave added to its growing roster of big-name customers Friday, announcing a multi-year deal with artificial-intelligence start-up Anthropic.

BlackBerry forecasts upbeat quarterly revenue, says turnaround complete

BlackBerry (BB) on Thursday forecast first-quarter revenue above estimates, as the Canadian software ​company’s turnaround gains traction on the back of strong demand across ‌its cybersecurity and embedded software divisions.

CoreWeave Stock Rises on $21 Billion Deal With Meta. It’s About AI Inference.

CoreWeave (CRWV) stock rose sharply Thursday after the cloud infrastructure provider unveiled an expanded deal with Meta Platforms (META) worth roughly $21 billion.

PIMCO weighs $14 billion debt deal for Oracle’s Michigan data center, Bloomberg News reports

Pacific Investment Management Co. is in talks with the Bank of America to help provide roughly $14 billion of debt ​financing to build an Oracle (ORCL), data center in Michigan, ‌Bloomberg News reported on Tuesday, citing people familiar with the matter.