Amazon Profit Doubles to Record $3.6B in Q1
The company "has entered a new era with comparatively sluggish sales growth, but a consistently profitable business.”
F5 Buys Nginx to Boost Multi-Cloud Strategy
The $670 million deal reflects F5's goal to provide "software and services for building apps that work across multiple cloud usage scenarios.”
The CFO’s Crucial Role in Digital Transformation
The need to decide what funding requests to prioritize and how much to invest puts finance chiefs squarely in the middle of digital transformation efforts.
Intel Misses Estimates on Weaker Cloud Sales
Intel's Q4 report “should be a huge, blaring warning to tech investors that the cloud boom could be coming to an end."
Cloud Revenue Helps Oracle Beat Q2 Estimates
Growth in Oracle's cloud-computing business, however, still lags behind rivals such as Workday and Salesforce.
The New CFO Mandate: Prioritize, Transform, Repeat
Finance chiefs are uniquely positioned to resolved differing points of view and lead substantive change for their companies: McKinsey research.
Oracle Shares Dip on Another Revenue Miss
"This market has no patience for any misses from tech companies, no matter how minor or how explainable the miss."
Red Hat Shares Dive on Disappointing Guidance
After five strong quarters where the enterprise software firm beat and raised estimates, "it came back to earth a bit," one analyst says.
Digital Disruption Fueling Divestment Plans
EY reports the number of companies planning to complete a divestment in the next two years more than doubled to 87% from 43% in 2017.
Oracle Buys Australian Software Firm for $1.2B
The acquisition of Aconex will "significantly advance" Oracle's push to expand its cloud-based software offerings for managing construction projects.
Oracle Shares Slip on Cloud Revenue Outlook
The company expects cloud growth of 39% to 43% in Q2, disappointing investors who are watching its efforts to catch up with Amazon and Microsoft.