Tag: Software

Salesforce’s growth rate has slipped in 2023 as businesses look for ways to cut costs.

Hewlett Packard Enterprise posted October-quarter financial results that were largely in line with Street estimates, driven by growing strength in its high-performance-computing and AI segment, where it is finding traction in particular with customers training large language models.

CrowdStrike Holdings Inc. exceeded expectations with its latest quarterly results Tuesday, but shares of the cybersecurity company were edging lower in the extended session.

Zscaler posted better-than-expected financial results and raised its full-year guidance, but the security-software stock lost ground nevertheless on hints that management intends to boost spending.

After a hectic few days, it looks like it’s all back to where it started — Sam Altman is returning to OpenAI as chief executive.

Nov 21 (Reuters) – Autodesk forecast full-year revenue above market estimates on Tuesday, in a sign that client spending on its design software remains resilient in an uncertain economy.

Microsoft CEO Satya Nadella said that oversight of OpenAI needs to change after a dramatic weekend of events that began with the abrupt ouster of the artificial intelligence firm’s CEO, Sam Altman.

Zoom Video Communications shares are trading higher on better-than-expected earnings for the video conferencing company’s latest quarter.

OpenAI’s board announced late Friday that it was removing Altman and replacing him on an interim basis with technology chief Mira Murati.

Palo Alto Networks stock was dropping early Thursday as markets digested its unexpectedly weak billings. The security-software company said it was to do with customer requests for flexibility on payments but analysts were split on whether that was enough to dismiss fears of falling demand.

Shares of Monday.com  were rising Monday after the social communication tools company raised full-year guidance.

Unity Software Inc.’s stock fell about 12% in extended trading Thursday after the company reported a revenue miss and withheld from offering guidance.

Fortinet sank 23% and sparked a selloff in cybersecurity stocks with a dismal forecast that compounded fears of slowing client spending in an uncertain economy.

Alibaba on Tuesday launched the latest version of its artificial intelligence model, as the Chinese technology giant looks to compete with U.S. rivals like Amazon and Microsoft.

Microsoft and Alphabet’s earnings results were a tale of two clouds. Microsoft’s Azure impressed where Google Cloud disappointed, and the reason behind the divergence looks to be in artificial intelligence.

Microsoft 0.37% shares were trading higher after the company posted better-than-expected financial results for its September quarter, aided by better performance than expected from the company’s cloud computing business.

SAP shares jumped in Thursday morning trading after the German business-software company posted higher revenue and operating profit for the third quarter, led by growth at its core cloud business.

The U.K.’s Competition and Markets Authority gave the green light to Microsoft’s proposed $69 billion takeover of gaming firm Activision Blizzard, removing the last major hurdle for the deal to close.

Palantir Technologies Inc.  won a new Army contract involving artificial intelligence, the company said Tuesday. The contract supports the Combatant Commands (COCOMs), Armed Services, Intelligence Community and Special Forces as those groups “continue to test” AI capabilities, Palantir said in a release.

John Riccitiello is stepping down as CEO of Unity and will no longer be on its board.