‘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.
Roche Buys Flatiron in $1.9B ‘Big Data’ Move
The real-world evidence Flatiron's record system collects "is a key ingredient to accelerate the development of, and access to, new cancer treatments."
Shopify Beats Estimates With 71% Sales Jump
The e-commerce platform's revenue growth has been slowing since the second quarter of 2016 but its merchants had their biggest-ever holiday season.
Cisco Shares Jump on Return to Sales Growth
“We are seeing the benefits of the strategy we started executing on 10 quarters ago,” CFO Kelly Kramer says.
Utility Says Wipro ‘Botched’ Software Upgrade
National Grid alleges in a lawsuit that Wipro's work was “marred by significant performance failures through every project phase.”
Barracuda Networks Goes Private in $1.6B Deal
Private-equity giant Thoma Bravo cites the "increasingly prevalent, hostile, and complex threat environment" in acquiring the data security software firm.