Oracle laid off hundreds of employees this week as the business software provider prioritizes its healthcare IT services and cloud businesses, according to people familiar with the company’s actions. ...
Tag: Applications Software
Opinion: Step aside, FAANMGs. This new crop of tech companies are the ones to watch for the next decade.
Investors have had a change of heart after selling technology stocks for the better part of eight months. There has been a trend reversal after bellwether tech companies reported earnings for the mo...
Twilio stock declines as weak outlook follows a quarterly beat
Twilio Inc. shares fell in the extended session Thursday after the software company’s outlook came in below Wall Street expectations following a reported beat in the previous quarter. Twilio TWLO, +0....
Microsoft stock jumps after ‘shockingly robust’ forecast calls for continued strong cloud growth
Microsoft Corp. missed expectations for profit and revenue in a Tuesday earnings report, as deteriorating economic conditions led to an even greater shock than expected when executives revised their g...
Microsoft earnings: It’s the forecast that matters, so be patient
The most important financial news Microsoft Corp. executives will provide Tuesday requires a bit of a wait. Microsoft MSFT, -0.59% is scheduled to report fiscal fourth-quarter financial results after ...
Microsoft’s Activision Deal Is Likely to Win Approval, Analyst Says
Text size Microsoft has said it plans to release Activision’s Call of Duty videogames on Sony’s PlayStation. Rich Polk/Getty Images for Activision Activision Blizzard stock continues to tr...
Apple and Microsoft Report Earnings Next Week. Can a Fed Rate Hike Top Them?
Text size Earnings from Big Tech are next week. But so is the Federal Reserve’s announcement on interest rates. Krisztian Bocsi/Bloomberg Big Tech earnings season will shift into fifth gear next...
Palantir stock’s ‘strength will prove unsustainable,’ analyst says in downgrade
Palantir Technologies Inc. shares are up nearly 50% from their May lows, but one analyst worries that “this strength will prove unsustainable.” Monness, Crespi, Hardt & Co. analyst Brian White dow...
Microsoft Stock Is a ‘Good Place to Hide.’ This Analyst CutsPrice Target Anyway.
Text size Microsoft updated its guidance to reflect higher foreign exchange headwinds ahead of its fourth-quarter earnings report. Jeenah Moon/Getty Images Microsoft won’t be immune to an economic slo...
Opinion: The SPACsplosion is about to become a liquidation frenzy — and that may be for the best
As the SPAC boom was beginning to rage two years ago, this column asked why in the world any company would want to be acquired by a former chief executive best known for executing one of the worst acq...
Unity to Buy IronSource for $4.4 Billion. IronSource Stock Surges, Unity Slumps.
Text size Wall Street seems to think the merger is a good deal for IronSource stock, which surged. Angela WeissAFP/Getty Images Unity Software will take over IronSource in an all-stock $4.4 billion me...
Banks Get Burned by Risky Debt, Imperiling Buyout Activity
By Laura Cooper July 3, 2022 9:03 am ET Listen to article (2 minutes) Investment banks are facing big losses on leveraged buyouts they agreed to finance before markets soured, further chilling the out...
Palo Alto Networks Shares Are Too Cheap, Morgan Stanley Says
Text size Palo Alto Networks is within one to two quarters of reaching profitability under generally accepted accounting principles. Dreamstime Palo Alto Networks shares have held up a little better t...
Zendesk Close to Striking Buyout Deal, Sources Say
Zendesk Inc. is close to a deal with a group of buyout firms, according to people familiar with the matter, resurrecting a failed attempt to sell itself in what would be one of the biggest private-equ...
Twilio Stock Tumbles After Guidance Falls Short. Analyst Cuts Rating.
Text size Twilio stock has performed far worse than the Nasdaq Composite this year. Dreamstime Twilio reported better-than-expected earnings, but the company forecast less revenue than expected for it...