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.
Cisco to Break 2-Year Streak of Declining Sales
The company's shares rise nearly 6% as it predicts revenue will rise 1% to 3% in the next quarter.
Altair’s Debut Keeps Up Tech IPO Momentum
The computer-aided engineering software company's shares surged 41% on their market debut, with 12 million shares being sold to raise $156 million.
Cisco Adds HCS Capability With BroadSoft Buy
The $1.9 billion deal will give Cisco cloud-delivered communication tools to supplement its on-premise offerings.
JPMorgan Buys WePay in Major Fintech Move
The bank is reportedly paying more than $220 million to join a wave of Wall Street acquisitions of fintech startups.
Equifax Hack Exposes App Patch Vulnerability
"The sad and inconvenient truth is that a majority of large companies have similar challenges, problems, and weakness in their cybersecurity.”
VMware Revenue Jumps 12%, Beats Estimates
The Q2 results "were driven by broad-based strength across the product portfolio in all three geographies," the company's CEO says.
Fiserv Increases Offer for UK Firm to $98M
The revised bid for Monitise “should pave the way for a deal" after shareholders came out against the original $89.1 million proposal.