Intel Buys Software Business Smart Edge
The tech giant is aiming to sell the software into equipment for 5G technology.
Red Hat Fires CFO Over Workplace Standards
Eric Shander, who had been with the software firm since 2015, helped guide it through its acquisition by IBM.
Oracle Reports Sales Miss, Co-CEO Taking Leave
Mark Hurd says he decided that he needed to spend time focusing on his health.
Broadcom Buys Symantec’s Enterprise Security Business for $10.7B
The deal comes less than a month after a full merger fell apart over price disagreements.
Health Care Software Maker Phreesia Files for $125 Million IPO
The company, which provides a patient-intake software platform for health care providers, has processed $1.4 billion in patient payments.
‘Great’ Tax Season Drives Intuit Earnings Beat
The company's DIY tax prep software was particularly strong in the third quarter, with TurboTax Live users more than tripling year over year.
Activist Elliott Bets $1.3B on SAP Profit Growth
The German software giant has prioritized revenue growth but is now taking steps to boost the profitability of its cloud business.
Eventbrite Prices IPO to Raise up to $264.5M
The target price range of the IPO indicates strong investor demand for shares in the event management and ticketing company.
Cisco Beats Estimates, Forecasts 5-7% Growth
“We’re seeing the returns on the investments we are making in innovation and driving the shift to more software and subscriptions," CFO Kelly Kramer says.
Azure Cloud Growth Powers Microsoft Q4 Beats
“Our early investments in the intelligent cloud and intelligent edge are paying off," CEO Satya Nadella says.
Accounting Changes Boost Salesforce Outlook
Companies are adopting new standards aimed at improving comparability by implementing a single revenue recognition model.