IT Archives - CFO

IBM Beats Q2 Estimates, Sees Cloud Growth

IBM Beats Q2 Estimates, Sees Cloud Growth

“Our clients see the value of IBM’s hybrid cloud platform, based on open technologies, at a time of unprecedented business disruption."

By Matthew Heller | July 21, 2020

Cloudflare Shares Jump 20% in Market Debut

Cloudflare Shares Jump 20% in Market Debut

The company is the latest in the enterprise IT space to have a strong first day of trading.

By Matthew Heller | September 16, 2019

IT Outsourcing Rates Decline

IT Outsourcing Rates Decline

A favorable economy and cloud-based services allow companies to scale back their IT outsourcing budgets.

By William Sprouse | September 4, 2018

LabCorp Hit by Ransomware But No Data Stolen

LabCorp Hit by Ransomware But No Data Stolen

The strain of ransomware that was reportedly used in the attack on LabCorp can "effectively lock down a computer, encrypting all the files inside."

By Matthew Heller | July 20, 2018

Intuit Is Selling Its Largest Data Center

Intuit Is Selling Its Largest Data Center

As a result of the deal, the software company, maker of Quickbooks, will incur an operating loss of as much as $85 million.

By William Sprouse | July 18, 2018

The Revolution Will Be Digitized

The Revolution Will Be Digitized

Driven by heightened customer expectations, CFOs are making a serious long-term commitment to transformative digital investments.

By Josh Hyatt | May 2, 2018

Pivotal Software Sets $592M Target for IPO

Pivotal Software Sets $592M Target for IPO

The enterprise cloud computing company is planning to go public amid signs that the tech sector IPO market is heating up.

By Matthew Heller | April 9, 2018

GE Sells Healthcare Assets to PE Firm for $1B

GE Sells Healthcare Assets to PE Firm for $1B

The sale to Veritas Capital appears to fit General Electric's "overarching objective to become a truly digital industrial company."

By Matthew Heller | April 3, 2018

Salesforce Buys Enterprise Software Startup

Salesforce Buys Enterprise Software Startup

The $6.5 billion acquisition of MuleSoft gives Salesforce a platform for integrating business apps, databases, and corporate IT infrastructure.

By Matthew Heller | March 20, 2018

Equifax Hack Could Cost ‘Well Over $600M’

Equifax Hack Could Cost ‘Well Over $600M’

The breach could turn out to be the most costly in corporate history, with Equifax expecting another $275 million in costs this year.

By Matthew Heller | March 5, 2018

General Dynamics to Buy Rival CSRA for $6.8B

General Dynamics to Buy Rival CSRA for $6.8B

The deal will make the defense contractor the second-largest company in the government IT services sector.

By Matthew Heller | February 12, 2018

Cisco Adds HCS Capability With BroadSoft Buy

Cisco Adds HCS Capability With BroadSoft Buy

The $1.9 billion deal will give Cisco cloud-delivered communication tools to supplement its on-premise offerings.

By Matthew Heller | October 23, 2017

Office Depot Buys CompuCom for $1 Billion

Office Depot Buys CompuCom for $1 Billion

The acquisition of the IT support services firm is the "first step" in Office Depot's pivot away from traditional office products retailing.

By Matthew Heller | October 3, 2017

SAP Patches Critical Flaw in Business Software

SAP Patches Critical Flaw in Business Software

The vulnerabilities found in the Hana platform could have enabled "a full system compromise without any type of previous authentication."

By Matthew Heller | March 14, 2017

Juniper Crashes Brave New Worlds of Networking

Juniper Crashes Brave New Worlds of Networking

The veteran hardware maker's CFO tells how his team is easing the company's entry into software and cloud technology.

By David McCann | March 10, 2017