Oracle Shares Slip as Q4 Sales Drop 6%
The software giant saw a drop-off in deals, particularly in industries most affected by COVID-19 such as hospitality and retail.
Skillsoft Files Chapter to Ease $2B Debt Burden
“While our core business remains strong, with attractive profitability and cash flow characteristics, our debt levels are too high."
Slack Shares Slump on Disappointing Guidance
The full-year forecast fell below “high investor expectations for team collaboration and communication names amidst this [work from home] era.”
Cisco Adds ThousandEyes to Watch Internet
The acquisition of the web monitoring startup will expand a business that Cisco has been building since it acquired AppDynamics in 2017.
Salesforce Tops Estimates as Q1 Sales Rise 30%
"Our results, amidst this global crisis, demonstrated our ability to execute at speed, innovate at scale and the strength of our business model."
Intuit Warns of Revenue Hit From Virus Crisis
The software firm cited the negative impact of COVID-19 on small business customers and the extension of the tax filing deadline to July 15.
SoFi Buys Payments Processor Galileo for $1.2B
The deal will add payments functionality to SoFi's growing array of consumer financial options.
Salesforce to Buy Vlocity in Vertical CRM Move
The $1.33 billion deal "signals the importance of making industry capabilities even more a part of the [Salesforce] platform offerings."
Visa Makes Fintech Move With $5.3B Plaid Buy
The deal gives Visa access to software that fintech app developers use to interface with customers' bank accounts.
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.