Mark Hurd says he decided that he needed to spend time focusing on his health.
Companies are moving more of their IT needs to the cloud, and Juniper is moving right along with them. For now, that means lower revenue.
“Our early investments in the intelligent cloud and intelligent edge are paying off," CEO Satya Nadella says.
Investors express their impatience with the pace of IBM's turnaround effort by sending its shares down nearly 5% to $161.84.
The acquisition by the PE firm may help Rackspace compete with the likes of Amazon and Google in the cloud computing services market.
The strong growth is being driven by the shift away from legacy IT as organizations pursue a digital business strategy.
Companies should do their due diligence during contract negotiations with cloud providers to ensure they're not responsible.
