The Cloud

The Cloud

Adobe to Strengthen Its Cloud Segment With $1.5B Workfront Acquisition

The deal enables Adobe to upgrade its marketing software with collaboration tools for remote work management.
The Cloud

Alibaba’s Cloud Growth Outperforms Amazon’s and Microsoft’s

The Chinese tech giant’s cloud segment posted $2.19 billion in quarterly revenues, growing at 60% year-over-year.
The Cloud

Cloud Growth Drives Microsoft Earnings Beat

Microsoft has benefited from businesses accelerating the shift to cloud infrastructure and applications due to the COVID-19 pandemic.
The Cloud

SAP Shares Fall 23% on Q3 Results, Guidance

“COVID-19 has created an inflection point for our customers," the company said as it announced a "strategic pivot" to cloud computing.
The Cloud

IBM to Spin Off Infrastructure Unit

The move allows it to focus on its hybrid cloud business.
The Cloud

Snowflake Prices IPO Above Indicated Range to Raise $3.4B

The cloud data warehousing company raised the largest IPO ever for a U.S. software company.
The Cloud

Snowflake Sets Terms for $2.7B Public Offering

Investments by Salesforce and Berkshire Hathaway could provide the data warehouse startup with more than $800 million in additional capital.
The Cloud

Zoom Revenue Soars on Remote Work Boom

“Organizations are shifting ... to supporting a future of working anywhere, learning anywhere, and connecting anywhere on Zoom's video-first platform."
The Cloud

Zoom Outage Disrupts Monday Morning Meetings and Classes

Videoconferencing system's widespread outage demonstrates the fragility of the remote work and learn models.
The Cloud

Rackspace Falls 20% After IPO

The company similarly flopped in its initial debut 12 years ago.
Technology

3 Things To Look For In Amazon’s Earnings Report

How have its fulfillment centers handled the surge in online shopping during the pandemic?
The Cloud

French Company to Buy Fintech YayPay

Accounts receivable SaaS provider sells to Quadient for about $20 million in cash.
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